fuel cells

Behind the scenes: How the GM-Nikola tie-up came together

When Steve Girsky made the deal to take Nikola Corp. (NASDAQ: NKLA) public in a reverse merger in March, one of his first calls was to General Motors CEO Mary Barra. He wanted to shop the idea of the automaker working with the electric truck startup on batteries and fuel cells.

As former vice chairman at GM (NYSE: GM), Girsky knew the company had deep reservoirs of expertise in both technologies. Former GM fuel cell engineers advised Nikola even before Girsky’s VectoIQ special purpose...

https://s29755.pcdn.co/news/behind-the-scenes-how-the-gm-nikola-tie-up-came-together

Volvo reports 38% drop in Q2 sales

Row of Volvo trucks and signage

Volvo Group (OTC: VLVLY) reported a 38% decrease in second-quarter sales as the COVID-19 pandemic racked its truck, bus and construction equipment units.

The Swedish parent company of Volvo Trucks North America and Mack Trucks said the temporary layoffs of 4,100 white-collar workers during the quarter are now permanent.

Net sales of SEK 73.2 billion ($8.1 billion) compared to SEK 120.7 billion ($13.3 billion) in the same period a year ago. Adjusted operating income was SEK 3,272 million ($361.6...

https://s29755.pcdn.co/news/volvo-reports-38-drop-in-q2-sales

New system under development for use of hydrogen on large ships

Havyard is working towards a hydrogen system pilot for large ships, as it is entering the approval phase and has signed agreements with providers of hydrogen tanks and fuel cells. Namely, the Havyard Group, with Havyard Design & Solutions and Norwegian Electric Systems, is now developing a system that will become the biggest of its kind for ships.

The first phase of the Havyard Group’s work is completed, and the company is now entering into the approval stage for the hydrogen system together...

https://safety4sea.com/new-system-under-development-for-use-of-hydrogen-on-large-ships/

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