Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. Nyse
  5. Linde plc
  6. News
  7. Summary
    LIN   IE00BZ12WP82


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Simple refueling at filling stations: Linde and Daimler Truck AG to collaborate on liquid-hydrogen refueling technology for trucks

12/14/2020 | 10:27am EST

Stuttgart, Germany / Guildford, UK - Linde (NYSE: LIN; FWB: LIN) and Daimler Truck AG have signed an agreement to jointly develop the next generation of liquid-hydrogen refueling technology for fuel-cell-powered trucks. With their collaboration, the partners aim to make the refueling process with hydrogen as easy and practical as possible.

Together, the companies will focus on a new process for handling liquid hydrogen ('subcooled' liquid hydrogen, 'sLH2 technology'). This innovative approach allows for higher storage density, greater range, faster refueling and superior energy efficiency. The new process will use higher than ambient pressure levels and special temperature control which avoids so-called boil-off effects and 'return gas' (gas from the vehicle's tank returning to the filling station) during refueling and will not require complex data communication between the filling station and the truck during refueling. Overall, the technology thus allows simpler filling-station concepts. The improved energy storage density is due to the higher than ambient pressure level which increases the hydrogen mass in the tank.

The companies plan for the first refueling of a prototype vehicle at a pilot station in Germany in 2023. Linde and Daimler Truck AG are planning for a high level of transparency and openness around the relevant interfaces of the jointly developed technologies. By enabling as many other companies as possible to develop their own refueling and vehicle technologies that apply the new liquid-hydrogen standard, a global mass market is to be established for the new process.

Sven Ennerst, Member of the Board of Management of Daimler Truck AG for Development, Procurement and the China Region: 'We at Daimler Truck AG are pursuing the vision of the CO2-neutral transportation of the future. The hydrogen-based fuel cell is a key technology of strategic importance in this context. With our collaboration with Linde as an expert in hydrogen refueling technology, we want to increase the viability and acceptance in the industry of fuel-cell trucks on the basis of hydrogen. The new process can further enhance the numerous advantages that liquid hydrogen offers.'

'As a pioneer in hydrogen refueling technologies, and one of the largest players in the hydrogen market, we are pleased to contribute to the advancement of the hydrogen economy with this important milestone,' said David Burns, Head of Clean Hydrogen, Linde. 'Together with Daimler Truck AG, the industry-leader in commercial vehicles, we expect the use of hydrogen-powered, heavy-duty trucks to be a reality in the very near future.'

New fueling process to be implemented in Mercedes-Benz GenH2 Truck

In September 2020, Daimler Truck AG celebrated the world premiere of the fuel-cell concept truck Mercedes-Benz GenH2 Truck. With the GenH2 Truck, the manufacturer demonstrates which specific technologies the company is driving forward at full speed so that heavy-duty fuel-cell trucks can perform flexible and demanding long-distance haulage operations with ranges of up to 1,000 kilometers and more on a single tank of hydrogen. Daimler Truck AG plans to begin customer trials of the GenH2 Truck in 2023; series production is to start in the second half of the decade. Thanks to the use of liquid instead of gaseous hydrogen with its higher energy density, the vehicle's series version performance is planned to equal that of a comparable conventional diesel truck. The new fueling process is to be implemented in the series version of the GenH2 Truck and first to be validated in upcoming prototypes.

Liquid hydrogen enables applications with high energy throughput

Daimler Truck AG prefers to use liquid hydrogen because in this state, the energy carrier has a far higher energy density in relation to volume than gaseous hydrogen. As a result, the tanks of a fuel-cell truck using liquid hydrogen are much smaller and, due to the lower pressure, significantly lighter. This gives the trucks more cargo space and a higher payload. At the same time, more hydrogen can be carried, which significantly increases the trucks' range. This makes the series GenH2 Truck, like conventional diesel trucks, suitable for multi-day, difficult-to-plan long-haul transport and where the daily energy throughput is high.

Daimler Truck AG is currently pressing ahead with the development of the necessary tank-system technologies to make liquid hydrogen usable also in mobile applications as an energy source for series-produced fuel-cell trucks. The storage of cryogenic liquid hydrogen at minus 253 degrees Celsius is already common practice in stationary applications, for example in industry or at hydrogen filling stations. This also applies to the transport of liquid hydrogen as cargo.

Press Contact

Peter Smodej


Daimler Trucks Technologies & Regulations


Tel: +49 711 17-53230

Fax: +49 711 17-79078088

Uta Leitner


Head of Global Communications Trucks & Buses


Tel: +49 711 17-53058

Fax: +49 711 17-52030

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
LINDE 0.00%End-of-day quote.1.52%
LINDE PLC -1.57% 316.635 Delayed Quote.-7.00%
All news about LINDE PLC
01/18LINDE PLC : Release of a capital market information
01/17Hynion Climbs 9% Amid Purchase of Linde's Hydrogen Filling Stations in Swedish Municipa..
01/14Linde Announces Fourth Quarter 2021 Earnings and Conference Call Schedule
01/12LINDE : Announces Fourth Quarter 2021 Earnings and Conference Call Schedule
01/12Linde Announces Fourth Quarter 2021 Earnings and Conference Call Schedule
01/11Morgan Stanley Adjusts Linde's Price Target to $365 from $330, Keeps Overweight Rating
01/11LINDE PLC : Release of a capital market information
01/04Societe Generale Adjusts Linde's Price Target to $400 from $365, Keeps Buy Rating
01/04LINDE PLC : Release of a capital market information
2021LINDE PLC : Release of a capital market information
More news
Analyst Recommendations on LINDE PLC
More recommendations
Financials (USD)
Sales 2021 30 174 M - -
Net income 2021 4 241 M - -
Net Debt 2021 12 263 M - -
P/E ratio 2021 41,0x
Yield 2021 1,32%
Capitalization 164 B 164 B -
EV / Sales 2021 5,83x
EV / Sales 2022 5,43x
Nbr of Employees 72 159
Free-Float -
Duration : Period :
Linde plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LINDE PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 24
Last Close Price 321,68 $
Average target price 372,52 $
Spread / Average Target 15,8%
EPS Revisions
Managers and Directors
Stephen F. Angel Chief Executive Officer & Director
Matthew J. White Chief Financial Officer & Executive Vice President
Wolfgang W. Reitzle Chairman
Earl Newsome Chief Information Officer-Americas IT
Sanjiv Lamba Chief Operating Officer
Sector and Competitors