Plug Power said Tuesday it signed an agreement to supply 280 megawatts of electrolyzers for Arcadia eFuels' planned sustainable aviation fuel project in Denmark, while also becoming the preferred supplier for a pipeline of additional projects totaling more than 1 gigawatt. Shares of Plug rose 4.8% in premarket trading Tuesday. The initial agreement covers Arcadia's Project ENDOR at the Port of Vordingborg, where renewable electricity would power Plug's GenEco electrolyzers to produce about 110 tons of hydrogen a day, which Arcadia plans to combine with captured carbon dioxide to make synthetic aviation fuel, or e-SAF. Deliveries for the 280 MW ENDOR project will not begin until a notice to proceed is issued, and the project has not yet reached a final investment decision, while the additional 1 GW-plus pipeline represents potential business rather than firm orders. Under a separate cooperation agreement, Plug will be the preferred electrolyzer supplier for four additional Arcadia projects planned in Europe and the Americas, with Arcadia receiving priority access to Plug's manufacturing capacity. The project is aimed partly at demand created by the EU's ReFuelEU Aviation rules, which require sustainable aviation fuels to account for an increasing portion of fuel supplied at European airports, with separate requirements for synthetic aviation fuels beginning in 2030.
Arcadia eFuels secured Plug Power electrolyzers for its 280 MW e-SAF project and priority access to manufacturing capacity for four additional projects.
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Daimler Truck Urges Europe to Scale Electric Truck Infrastructure
Daimler Truck laid out what it says Europe needs to move battery-electric and hydrogen trucks from early adopters into mainstream fleets, including public megawatt chargers, truck-ready hydrogen stations and road tolls that reward zero-emission vehicles, with CEO Karin Rådström making the case at the company's Media Night in Hanover, Germany, ahead of IAA Transportation 2026. Mercedes-Benz Trucks held about 38% of Europe's market for locally CO2-free medium- and heavy-duty trucks in the first half of 2026, and customers have driven the eActros 600 more than 160 million kilometers since series production began at the end of 2024. Heavy-duty battery-electric trucks took 2% of Europe's market in 2025, and Daimler Truck estimates about 35% of new trucks would need to run on batteries or hydrogen by 2030 to meet EU CO2 targets. Europe has fewer than 2,000 public truck charge points today, most of them standard CCS chargers, and Rådström said it needs 35,000 megawatt charging points by 2030, along with 1,000 hydrogen stations, up from around 187 today, most of which supply only 350 bar. On cost, she pointed to CO2-based road tolls, saying the toll difference between a diesel truck and an electric truck in Germany comes out to about 33 to 35 cents per kilometer, but only 13 of the EU's 27 member states have adopted CO2-based tolls. Dachser chief development officer Stefan Hohm said the German logistics provider has 25 emission-free delivery areas in Europe and more than 200 battery-electric trucks on the road, including more than 160 Mercedes-Benz Actros models, out of a fleet of more than 15,000, and called grid access and capacity the main pain point. The eActros Lowliner opened for orders Sept. 15, with series production at the Mercedes-Benz plant in Wörth, Germany, set for the second quarter of 2027, and a small series of 100 Mercedes-Benz NextGenH2 fuel-cell trucks enters customer operations from the end of 2026 with Dachser as the first customer. Daimler Truck is asking the EU for an early review of its heavy-duty CO2 regulation, whose 2030 target calls for a 43% cut in CO2 emissions from new heavy-duty vehicles compared with 2019, and puts the cost of falling short at about €120 million in penalties for each percentage point Mercedes-Benz Trucks misses.
Energy Transition & Power Demand › Hydrogen & Fuel Cells ▲Regulation
DTG.XETRA · Regulation · Positive Daimler Truck is pushing EU policymakers for public megawatt chargers, hydrogen stations and CO2-based road tolls that would boost adoption of its electric trucks.
Dachser SE · Demand · Neutral Dachser is cited as already running 200+ battery-electric trucks and 25 emission-free delivery areas, but only as a customer example, not a company-specific development.
Johnson Matthey Fair Value Estimate Raised to £28.97 on Cormetech Execution Focus
Johnson Matthey's central fair value estimate has been lifted from about £23.87 to about £28.97, with analyst targets now clustered between £23.30 and £25.00. Deutsche Bank raised its price target on the London-listed company from £24.00 to £25.00, while Jefferies reinstated coverage with a Buy rating and a £23.30 target, saying the focus following the Cormetech acquisition has shifted to execution rather than deal risk. Kepler Cheuvreux moved to Hold with a £24.50 price target, a more cautious stance on upside relative to the updated fair value. The revised valuation reflects a net profit margin change from about 9.83% to about 9.92%, a future P/E move from about 14.4x to 17.3x, and a discount rate adjustment from 8.62% to about 8.54%, while revenue growth assumptions remain at a decline of about 40.09%.
Makenita Resources Acquires 45,967-Acre Cobequid-Chedabucto Hydrogen Project in Nova Scotia
Makenita Resources Inc. has acquired the district-sized 45,967-acre Cobequid-Chedabucto Hydrogen Project in Nova Scotia, the company announced. The property consists of 1,149 claim units totalling 45,967 acres prospective for hydrogen, following an original announcement on September 21, 2026. President Jason Gigliotti said the acquisition immediately makes Makenita one of the larger landholders for hydrogen in Nova Scotia, a province that has attracted large players such as Koloma, which the new project directly borders, along with significant staking by Rio Tinto in the region. Gigliotti noted that QIMC, which also directly borders the project, has reported positive hydrogen results this year, including a company-record 30.0% H2 at 413 metres at its Bennett Hill project. He added that the hydrogen project joins Makenita's 102,110-contiguous-acre serpentinization iron-magnetite project in Saskatchewan bordering Max Power Mining Corp and its newly expanded 22,625 contiguous acres directly bordering Northcliff Resources Ltd.'s Sisson tungsten-molybdenum project. The technical contents of the release were reviewed and approved by Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101.