Italy's Ferrari said on Thursday a new fuel cell plant had been recently installed at its historic headquarters facilities in Maranello, in a further step by the luxury car maker to becoming carbon neutral by 2030. The new 1 MegaWatt solid oxide plant, which converts fuel into electricity through an electrochemical process without combustion, provides 5% of the energy required by Ferrari's production operations, the group said in a statement. The plant, which was built by renewable energy firm Bloom Energy, will cut fuel consumption and emissions, with gas requirements lowered by around 20% compared to combined heat and power cogeneration systems, Ferrari said.
Let's talk about the popular Ferrari N.V. ( NYSE:RACE ). The company's shares saw significant share price movement...