Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Wiener Boerse  >  OMV AG    OMV   AT0000743059


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

OMV AG : OMV opens the first public hydrogen filling station in Austria

10/17/2012 | 05:56am EST

October 17 2012 - 11:00 am (CET)

  • Hydrogen is the emission-free fuel for the future
  • Hydrogen and fuel cell technology are good prerequisites for a broad use and acceptance of emission-free vehicles in future
  • OMV CEO Roiss: "With just four kilos of hydrogen a vehicle can drive for around 400 kilometers"

On 17 October 2012, OMV opened the first public hydrogen filling station in Austria. OMV has been researching the alternative drive concept for vehicles with hydrogen and fuel cells for several years. This latest development therefore signifies a further step towards sustainability and emission-free mobility.

OMV CEO Dr. Gerhard Roiss, comments on the project: "For over 50 years we have been filling our cars with liters. In the future, we will fill them with kilos. With only four kilos of hydrogen a car can drive for around 400 kilometers. The hydrogen era begins today. Thanks to OMV, this emission-free fuel of the future is available in Austria now, and is building a bridge to Europe's climate targets."

Dr. Reinhold Mitterlehner, Federal Minister for Economy and Energy, emphasizes the bene-fits of the technology for Austria: "Eco-innovations belong to the future. The increased use of hydrogen improves transport's carbon footprint and at the same time supports the struc-tural change in the automotive sector. It is precisely the developments in components such as hydrogen tanks and fuel cells that offer enormous potential for value and employment creation in Austria. The OMV initiative is therefore an important impetus from an energy, innovation and economic policy perspective."

"The promotion of hydrogen technology is an important step towards sustainability. This technology is also important for public mobility. The OMV project could also help further improve the air quality of our beautiful city and therefore improve quality of life," says Prof. Harry Kopietz, president of the Vienna state parliament, in an acknowledgement of the posi-tive aspects this project will have for the city.

Fuel cell vehicle manufacturer Daimler is also convinced by the OMV vision: "The journey towards electro mobility is more like a marathon than a sprint as it will be completed in many small steps. Our fuel cell vehicles have already proven their readiness to go into series production, and we are now testing customer behavior such as here at OMV in Vienna," says Prof. Dr. Herbert Kohler, director of group research at Daimler and environmental officer.

"We have already worked successfully with OMV in the past," said Georg Denoke, Member of the Executive Board at Linde AG. "As a pioneer in the field of hydrogen technology, we are particularly pleased that we were able to continue this long standing partnership for the development of the first hydrogen filling station in Austria. This is a further important step towards creating an extensive hydrogen infrastructure in Europe."

Hydrogen as a promising fuel for the future
Hydrogen vehicles operate without producing emissions, because only water vapor comes out of the exhaust. Traditional combustion does not take place in such vehicles; instead there is an exchange of electrons. In the process, hydrogen reacts with oxygen and a fuel cell converts the energy directly into electrical power. Hydrogen vehicles with fuel cells that have 4 kilos in their tanks have a range of more than 400 kilometers - an enormous advantage over battery-driven electric cars.

In its gas form hydrogen is colorless and odorless, very light, non-toxic and is of no risk to people or the environment. Even the exhaust only emits water vapor and warm air.

Background information:

OMV filling station on Shuttleworthstraße benefits from energy efficiency
In order to ensure maximum energy efficiency and the readiness of the elements for series production, all technologies and solutions are precisely synchronized with each other. The focus here was on a massive reduction in electricity consumption and the complete replacement of conventional heating systems.

  • The filling station on Shuttleworthstraße has been provided with an integrated cooling, air conditioning and heating system with energy recovery. This technology enables the filling sta-tion to be operated without relying on any traditional heating energy.
  • All lighting elements were mostly equipped with LED - a major contribution if you consider that the lighting is used for 24 hours, 365 days of the year.
  • The car wash at the filling station has been equipped with solar energy panels that serve to provide hot water and heat the car wash both internally and externally.
  • In addition, blinds have been installed to help reduce the amount of energy used for cooling.

Through the use of these latest technologies, the filling station could achieve a reduction in CO2 emissions by at least 30 tons a year. Compared with conventional filling stations, this would mean a reduction in energy costs of around 50%. As a result, the measures carried out make a considerable contribution towards sustainability. The prototype on Shuttleworthstraße provides OMV with an ideal test laboratory for further "green stations". All measures tested there should -

distributed by

© Publicnow 2012
All news about OMV AG
01/18Germany regrets U.S. decision to sanction Russian vessel involved in Nord Str..
01/18Environmental group files complaint to stop work on Nord Stream 2
01/14OMV : Borealis and TOMRA open state-of-the-art plant for post-consumer plastic w..
01/14OMV Q4/20 TRADING UPDATE : Key Performance Indicators
01/14OMV AG : 4th quarter results
01/11OMV AG : annual sales release
01/06Northern German state plans foundation to help complete Nord Stream 2 gas lin..
2020Nord Stream 2 gas pipeline says has completed section in German waters
2020Russian Nord Stream 2 pipe-laying vessel leaves German site, indicating proje..
2020Russian Nord Stream 2 pipe-laying vessel leaves German site, indicating proje..
More news
Sales 2020 18 055 M 21 918 M 21 918 M
Net income 2020 126 M 153 M 153 M
Net Debt 2020 7 777 M 9 442 M 9 442 M
P/E ratio 2020 125x
Yield 2020 4,84%
Capitalization 12 144 M 14 720 M 14 743 M
EV / Sales 2020 1,10x
EV / Sales 2021 0,82x
Nbr of Employees 19 228
Free-Float 43,5%
Chart OMV AG
Duration : Period :
OMV AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends OMV AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 36,39 €
Last Close Price 37,14 €
Spread / Highest target 27,9%
Spread / Average Target -2,02%
Spread / Lowest Target -30,0%
EPS Revisions
Managers and Directors
Rainer Seele Chairman-Executive Board & Chief Executive Officer
Mark Garrett Chairman-Supervisory Board
Reinhard Florey Chief Financial Officer
Alyazia Ali Saleh Al-Kuwaiti Second Deputy Chairman-Supervisory Board
Christine Asperger Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
OMV AG13.33%14 769
BP PLC18.23%82 403
NESTE OYJ3.28%56 660