Will Nikola’s best year ever be good enough?

Nikola broke a nine-day stock price losing streak a week ago when it posted record second-quarter revenue. CEO Steve Girsky still enthusiastically believes 2024 will be the best year in company history. Yet, the electric truck maker has only enough cash on hand to last through the end of the year without further diluting investors by converting more shares.

Sweeping away the underbrush

Nikola no longer talks about convicted founder Trevor Milton, who recently dropped his $1 billion suit against...

https://www.freightwaves.com/news/will-nikolas-best-year-ever-be-good-enough

Voltera helps fleets overcome biggest roadblock to electrification

The adoption of electric vehicles has grown at a rapid pace over the last decade, and it doesn’t look like it’s slowing down anytime soon. 

In the U.S., there are now some 3 million electric vehicles on the road and 135,000 public EV chargers, according to a White House briefing. Over the next decade, it’s expected consumer demand will continue to be fueled by environmental concerns, more vehicle choices, stronger battery capacity and cost savings.

The transportation industry is the lead emitter...

https://www.freightwaves.com/news/voltera-helps-fleets-overcome-biggest-roadblock-to-electrification

Hyliion and Hyzon Motors will collaborate on fuel cell truck

The first version of Hyliion’s hybrid-electric truck is still about a year from production. But the third version of the Hypertruck ERX will be a hydrogen-powered fuel cell developed with Hyzon Motors, the companies said Wednesday.

The two startups expect to integrate a Hyliion electric powertrain system with a Hyzon fuel cell by late this year. Production would follow when sufficient hydrogen fueling infrastructure is available, Hyliion founder and CEO Thomas Healy said Wednesday.

“Initial...

https://www.freightwaves.com/news/hyliion-and-hyzon-motors-will-collaborate-on-fuel-cell-truck

F3 chat: Hydrogen as a fuel is finding new supporters

This fireside chat recap is from Day 1 of FreightWaves’ F3 Virtual Experience.

FIRESIDE CHAT TOPIC: Hydrogen’s promise: Is an omelet finally replacing the chicken and the egg?

DETAILS: The dilemma of making and using hydrogen as a clean energy source is finally escaping the just-around-the-corner pledge that has plagued nature’s most abundant element for decades. Even nonbelievers in H2 are getting on board as hydrogen-powered fuel cells find investors in all modes of transportation.

SPEAKER: Amy...

https://www.freightwaves.com/news/f3-chat-hydrogen-as-a-fuel-is-finding-new-supporters

California regulators predict 100 hydrogen fueling stations by 2023

The California Air Resources Board released a report on the state of hydrogen fueling stations in California.

California is leading the way on hydrogen fueling stations in the U.S. The state is expected to have capacity to fuel 250,000 fuel cell electric vehicles (FCEVs) at 1,764 open-retail hydrogen fueling stations by 2026, according to a recent California Air Resources Board (CARB) report

The first 100 of those stations have potential to be operational by the end of 2023, the report said. Currently, CARB data says California has nearly 8,000 FCEVs on the road and 48 hydrogen stations that are open...

https://www.freightwaves.com/news/california-regulators-predict-100-hydrogen-fueling-stations-by-2023

ACT Expo: Exclusive first ride in Hyzon hydrogen-powered fuel cell truck

CARSON, Calif. — Is this thing running?

The fuel cell powertrain in the Hyzon Motors Class 8 Freightliner 2022 Cascadia-based demonstration truck is so quiet that a windows-down ride on Interstate 405 in Southern California allowed shouting-free conversation. 

Oh, and the truck emits no pollution, tailpipe or otherwise. Post-drive water vapor under the parked truck doesn’t count. It could be consumed, but it would taste icky.

Water vapor is the only emission from Hyzon Motors’ Class 8...

https://www.freightwaves.com/news/act-expo-exclusive-first-ride-in-hyzon-hydrogen-powered-fuel-cell-truck

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

Truck Talk: Marriage and divorce edition

This week, we’re looking at the final preparations before Navistar becomes part of TRATON SE and Daimler Truck escapes being lumped in with Mercedes-Benz luxury cars. Also, two views of fuel cells and hydrogen and a not-quite-Oprah-like giveaway.

Wedding gift

Getting married brings big changes. Sometimes one spouse brings college or other debt into a union. Something like that is playing out as Navistar International Corp. (NYSE: NAV) draws closer to its merger with Volkswagen AG’s TRATON SE (8TRA...

https://s29755.pcdn.co/news/truck-talk-marriage-and-divorce-edition

New alliance targets deployment of heavy-duty hydrogen vehicles

Roxana Bekemohammadi dreams of hydrogen ports.

“Here’s a bit of my ideal scenario,” Bekemohammadi told FreightWaves: “An ocean vessel docking at a port, with a mobile crane powered by hydrogen [hoisting cargo] onto a drayage truck powered by hydrogen and getting on a highway corridor supported by hydrogen infrastructure.”

This hydrogen-saturated vision feeds into an ambitious game plan eyed by a new industry alliance launched Thursday. 

Comprised of heavy hitters and startups alike in the hydrogen...

https://s29755.pcdn.co/news/new-alliance-targets-deployment-of-heavy-duty-hydrogen-vehicles

Nikola, Hyliion defend divergent paths to zero-emission trucking

Hybrid electric powertrain maker Hyliion Inc. is working on a hydrogen fuel cell version of its Class 8 ERX Hypertruck. But don’t be confused. The long-term plan still calls for a renewable natural gas-powered generator to make electricity onboard, according to CEO Thomas Healy.

Using any fossil fuel, renewable or not, is a pathway to failure, said Trevor Milton, founder and executive chairman of startup Nikola Corp. (NASDAQ: NKLA) Nikola plans to build and sell grid-powered battery-electric...

https://s29755.pcdn.co/news/nikola-hyliion-defend-divergent-paths-to-zero-emission-trucking