Hyliion Holdings

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

Cummins sees billions from its hydrogen electrolyzer business

The New Power division at Cummins Inc. probably won’t break even before interest, taxes, depreciation and amortization before 2027. But when it does, it may never look back. One reason is its investment in producing electrolyzers, a critical enabler to making hydrogen fuel for zero-emission long-haul trucking among myriad other uses.

IDTechEx forecasts the water electrolyzer market will grow over the next decade to $120 billion by 2033. By 2025, the firm estimates fivefold growth in electrolyzer...

https://www.freightwaves.com/news/cummins-sees-billions-from-its-hydrogen-electrolyzer-business

How soon will we see an autonomous trucking shakeout?

It is pretty much acknowledged across the trucking industry that a consolidation of players in autonomous trucking is coming. Money is tight. Borrowing is expensive. Share prices and corresponding book values are in the dumper. 

The coming shakeout

No single factor proves a shakeout among autonomous trucking players is coming. But an accumulation of evidence suggests that not all of today’s entrants will survive as independents.

PitchBook writes of mobility tech in its 2023 Industry and Technology...

https://www.freightwaves.com/news/how-soon-will-we-see-an-autonomous-trucking-shakeout

Cummins previews coming attractions as emissions regulations converge

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The approach of Cummins Inc. to hydrogen-fueled internal combustion engines is very different from...

https://www.freightwaves.com/news/cummins-previews-coming-attractions-as-emissions-regulations-converge

Truck Tech: Daum straight edition

Martin Daum rarely equivocates. The CEO of Daimler Truck sets courses the trucking industry often follows. If you ask him a question, expect a straight answer. We did. And so did he.

When Martin Daum talks …

Martin Daum is one of those people for whom a paraphrase of the famous line from the 1970s TV commercials by investment bank EF Hutton applies. When the CEO of Daimler Truck talks, the global trucking industry listens.

Martin Daum is the influential voice and CEO of Daimler Truck. (Photo: Alan...

https://www.freightwaves.com/news/truck-tech-daum-straight-edition

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

Hyliion buys 3D-printed mixed-fuel generator technology from GE

image of futuristic generator

Hyliion Holdings will pay General Electric Co. $37 million in cash and stock to acquire technology for a 3D-printed generator for its Hypertruck that will run on a mixture of low-carbon alternative fuels from natural gas to hydrogen and more than a dozen other fuels.

The fuel-agnostic approach evolves from Hyliion’s natural gas-powered generator that creates electricity for up to 75 miles in the Hypertruck ERX. The ERX begins fleet trials later this year and goes into production in late 2023. ...

https://www.freightwaves.com/news/hyliion-buys-3d-printed-mixed-fuel-generator-technology-from-ge

Hybrid revenue light as Hyliion builds orderbook for Hypertruck ERX

Green Peterbilt truck that Hyliion uses for the Hypertruck ERX system

Hyliion Holdings is bringing in scant revenue from its hybrid electric booster for Class 8 trucks. But the orderbook is expanding for its Hypertruck ERX natural gas-electric powertrain.

The Austin, Texas-based startup reported second-quarter revenue of $200,000. The quarterly loss widened to $33.5 million, or negative 19 cents a share, compared to $23.2 million, or negative 13 cents, in the same quarter a year ago. Q2 operating expenses were $32.2 million.

Hyliion (NYSE: HYLN) reiterated its...

https://www.freightwaves.com/news/hybrid-revenue-light-as-hyliion-builds-orderbook-for-hypertruck-erx

Cummins beats Q2 estimates as Rumsey takes over as CEO

Cummins Inc. reported strong second-quarter earnings in North America while one-time charges and COVID lockdowns in China acted as a counterweight.

The leading manufacturer of engines and power distribution equipment reported Q2 net income of $702 million compared to $600 million in the same quarter of  2021. Earnings per diluted share were $4.94 compared to $4.10 a year ago.

Second-quarter revenues of $6.6 billion increased 8% from the same quarter in 2021. For the full year, Cummins stuck to...

https://www.freightwaves.com/news/cummins-beats-q2-estimates-as-rumsey-takes-over-as-ceo

Cummins trabaja con Hyliion en la certificación de un motor de gas natural 

Side view of green Hyliion Hypertruck ERX

Cummins Inc, cuyo tamaño y recursos amenazaban la supervivencia del fabricante de trenes motrices híbridos Hyliion Holdings, se asociará con la startup para certificar su motor de gas natural de 12 litros para el Hypertruck ERX, dijeron las compañías el martes. 

La colaboración es un gran negocio para Hyliion, que salió a bolsa a través de SPAC en octubre de 2020. El precio de sus acciones superó los 55 dólares por acción antes de la combinación de negocios con el patrocinador Tortoise...

https://www.freightwaves.com/news/cummins-trabaja-con-hyliion-en-la-certificacion-de-un-motor-de-gas-natural

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