Brand new earnings call transcript from Hydrogenics:

https://blueequity.io/r/24778

1. About P2G:

''So everywhere from Southeast Asia into China, into Europe, into North America, into remote communities, there’s a broad span of interest. This Power-to-Gas idea goes back to 2010, 2011. So the whole concept around Power-to-Gas and energy storage using hydrogen and multiple applications is now much talked about and well understood. The whole issue is having the confidence to pull the trigger and actually launch projects. So we couldn’t have asked for a better situation. On size, it’s all over the place and of course the larger the project go, the more that concern about doing things for the first time reappears; so there are projects in the pipeline that are 50 megawatts and 100 megawatts and larger.''

This is very promising from NEL poin of view. World is finally waking up to understand the possibilities of P2G and hydrogen.

2. About Alstom/trains:

''Alstom is involved in bids all over the globe, only some of which you’ve likely heard about such as in Germany, France and the UK. But the company is actually being stretched in all directions and we’re with them for the ride...

In addition, don’t forget that the recent move towards retrofitting trains is completely incremental to the original business model which was envisioned representing many million dollars of additional potential orders...

And compared to the cost and logistics of electrifying a line for overhead energy transfer, fuel cell powered vehicles are faster to deploy, require less upfront capital and are more energy efficient. So we see a lot happening within this space in 2019 and we’re busy advancing platform designs as well as planning for production builds later this year.’'

Seems that hydrogen trains will gain traction very fast - and widely.

And finally Wilson states:

''Our growth this year will not be based on a one-trick pony like China but rather on a variety of cutting-edge applications that leverage the breadth of our advanced technology. As the world comes to appreciate the environmental and economic attractiveness of hydrogen for energy storage and fuel, Hydrogenics will play a leading role in the development of this industry tomorrow.''

It's good that there are many players, customers have more alternatives and H2 technology will be developed faster to be more competitive against fossil fuels. The future looks bright for H2 investors.