This lesser-known hydrogen fuel cell company looks interesting
This lesser-known hydrogen fuel cell company is set to benefit from plenty of government largesse and looks well-placed to thrive in a rapidly growing market. A recently announced arrangement to develop a zero emission fuel cell truck also looks interrsting. With the shares having sold off with the rest of the sector, now could be an interesting time to take a look.
If you are looking for exposure to the green energy market, specifically the hydrogen market, Proton Motor Power Systems (LON:PPS) is a lesser-known player among AIM’s hydrogen fuel cell pioneers. With the shares having sold off significantly from January highs, now could be an opportune time to take a closer look at this hydrogen fuel cell specialist. Background Based in Puchheim near Munich, Proton Motor was originally established as Magnet Motor in 1994 and opened its first fuel cell factory in 1998, developing the world’s first fuel cell powered forklift truck a few years later. The current group offers complete…