Proton Power Systems has increased sales but still needs to break though to profit

By Julian Singer When we last wrote in January 2019 about Proton Power Systems, the Munich-based producer of hydrogen fuel cells, the company had just announced a joint venture with two German companies to produce power systems for heavy-duty trucks. But it seems that this venture did not take off as it is not mentioned [...]

By |2020-10-08T15:12:50+00:00October 8th, 2020|Proton Power Systems|Comments Off on Proton Power Systems has increased sales but still needs to break though to profit

Fuel cell manufacturer Proton Power Systems announces a joint venture to make heavy-duty trucks

On 9 January Proton Power Systems (PPS), the maker of hydrogen fuel cells, announced that it had formed a joint venture with two German companies to build heavy-duty trucks powered by fuel cell hybrid engines. The company, called Clean Logistics, will be owned in equal proportions by PPS, Hopen GmbH and Hary AG. The goal [...]

By |2019-02-01T10:52:20+00:00January 31st, 2019|Proton Power Systems|Comments Off on Fuel cell manufacturer Proton Power Systems announces a joint venture to make heavy-duty trucks

Proton Power Systems continues to sell its fuel cells at a loss

On 29 May Proton Power Systems (PPS), the maker of hydrogen fuel cells from their factory near Munich, reported revenues of £1.12 million for 2017, down 44 per cent from £1.99m in 2016, but close to the average of £1.07m for the years 2013-15. The reason for the increase in 2016 was a large order [...]

By |2018-06-05T18:07:16+00:00June 5th, 2018|Proton Power Systems|Comments Off on Proton Power Systems continues to sell its fuel cells at a loss

Proton Power Systems have a full order book for 2016 but losses have been high

Interim results of Proton Power Systems (PPS) for the six months to 30 June 2016 show flat revenues of £384,000 and increasing loss of £6.7 million (2015 full year: £9.2m). At first sight these results look grim, but they do not reflect the full picture. PPS was incorporated in February 2006 and soon after bought [...]

By |2017-06-13T11:36:01+00:00October 26th, 2016|Proton Power Systems|Comments Off on Proton Power Systems have a full order book for 2016 but losses have been high
Go to Top