Fuel Cell Vehicles Attract The Interest Of Truckers And Subsidies

Credit: Robson Hatsukami Morgan/ unsplash

Interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a more practical alternative to electric vehicles and rising government aid, particularly the U.S. Inflation Reduction Act (IRA).

Exploring Fuel Cell Vehicles

While most of the world’s combustion engine cars and short-distance vans and lorries should be replaced by battery electric vehicles (BEVs) over the next two decades, fuel-cell...

https://mfame.guru/fuel-cell-vehicles-attract-the-interest-of-truckers-and-subsidies/

Nikola whistleblower enriched by short seller may get more $$$

Paul Lackey worked as a contractor for Nikola in the early days of the electric truck company. On the witness stand in Trevor Milton’s fraud trial this week, he spoke of a founder more interested in making money than cleaning up the environment. 

But Lackey wasn’t exactly a dream witness for the prosecution. He collected about $600,000 in stock sale proceeds after aligning himself with short sellers that nearly crushed the startup.

As the prosecution’s first witness on Tuesday in a trial expected...

https://www.freightwaves.com/news/nikola-whistleblower-enriched-by-short-seller-may-get-more

Amazon taps Plug Power for green hydrogen supply

An Amazon warehouse with semi trailers parked in the lot sits in front of a green background.

E-commerce giant Amazon on Thursday announced an agreement with Latham, New York-based Plug Power to supply 10,950 tons of green hydrogen annually for transportation and building operations starting in January 2025.

This contract includes enough green hydrogen to power 30,000 forklifts or 800 heavy-duty trucks for long-haul transportation annually, according to Amazon (NASDAQ: AMZN). The green hydrogen will replace gray hydrogen, diesel and other fossil fuels to reduce greenhouse gas emissions.

“A...

https://www.freightwaves.com/news/amazon-taps-plug-power-for-green-hydrogen-supply

Hydrogen on the highway: Cummins and Air Products plan fleet conversion

What better way to transport hydrogen than in a hydrogen-powered fuel cell truck?

That’s what engine and power company Cummins Inc. and Air Products and Chemicals, the world’s largest producer of hydrogen, are planning for about 2,000 trucks that Air Products uses globally.

The companies signed a memorandum of understanding that should see the first demonstration  units on the road by 2022.

Air Products (NYSE: APD) supplies and transports hydrogen. Cummins (NYSE: CMI)  will provide  fuel cell...

https://www.freightwaves.com/news/hydrogen-on-the-highway-cummins-and-air-products-plan-fleet-conversion

Why GM’s zero-emissions pledge matters to trucking

General Motors’ commitment to zero-emission vehicles by 2035 will influence heavy-duty truck manufacturers and suppliers to follow along.

Just two days after taking a role in a four-way collaboration to make nonpolluting hydrogen-powered fuel cell International trucks for Navistar International Corp. (NYSE: NAV), GM said it is targeting 2040 to eliminate carbon dioxide pollution from its plants, supply chains and logistics globally.

“GM’s declaration does have an impact on fleet owners,” said...

https://www.freightwaves.com/news/why-gms-zero-emissions-pledge-means-a-lot-to-trucking

Hino, Toyota bringing Class 8 fuel-cell truck to North America next year

Hino and Toyota to build fuel cell truck

Roughly six months after word came down that Toyota Motor Corp. (NYSE: TM) and Hino would jointly develop a heavy-duty fuel-cell electric truck for Japan, the two companies have announced a North American model that will begin a road testing in the first half of 2021.

“Expanding upon our proud heritage of the Hino powertrain, Toyota Fuel Cell Technology offers our customers a commercially viable, extended-range, zero-emissions vehicle in the near term,” said Glenn Ellis, Hino’s senior vice...

https://s29755.pcdn.co/news/hino-toyota-bringing-class-8-fuel-cell-truck-to-north-america-next-year

Cummins dives into hydrogen as traditional engine business stalls

Cummins Inc. (NYSE: CMI) is acquiring businesses, forming partnerships and investing research dollars into a future hydrogen economy. Its across-the-board bets cover fuel cells for trains, ships and trucks – and the hydrogen fuel to power them.

The global leader in diesel engines recently formed a New Power unit as a home for its growing portfolio. The unit lost $38 million before interest, taxes, depreciation and amortization (EBITDA) in the second quarter on $10 million in revenue. But like...

https://s29755.pcdn.co/news/cummins-dives-into-hydrogen-as-traditional-engine-business-stalls

Hyundai Ships World’s First Fuel Cell Trucks for Commercial Use

  • Hyundai Motor is shipping the first 10 units of XCIENT Fuel Cell, the world’s first fuel cell heavy-duty truck, to Switzerland.
  • Hyundai will roll out 50 trucks this year and total of 1,600 units by 2025.
  • Powered by 190-kW hydrogen fuel cell system, XCIENT Fuel Cell can travel approximately 400 km on a single charge/
  • Developed independently by Hyundai Motor, XCIENT Fuel Cell will help decarbonize the world.
  • Hyundai to develop tractor unit with driving range of 1,000 kilometers on a single charge

https://mfame.guru/hyundai-ships-worlds-first-fuel-cell-trucks-for-commercial-use/