Hyzon Motors

Hyzon becomes latest SPAC-backed startup to crash

Even with a stream of positive news releases, the signs and warnings for Hyzon were there. Now reality has arrived: Fuel cell developer Hyzon Motors is the latest startup to give up after going public during the SPAC craze of 2020-2021.

Hyzon fought through numerous obstacles, including a $25 million fine from the Securities and Exchange Commission related to fabricating orders for hydrogen-powered commercial trucks in China.

The spinoff of Singapore’s Horizon Fuel Cell Technologies chased the...

https://www.freightwaves.com/news/hyzon-becomes-latest-spac-backed-startup-to-crash

Reverse stock splits: Often a path to oblivion

The reverse stock split, a form of financial engineering that artificially boosts a company’s stock price, often sounds a death knell, especially for startups that exhausted funds in mergers with special purpose acquisition companies.

The widespread carnage of failed advanced technology startups, especially in electrification and autonomy, is remarkable. With a few exceptions, companies opting for a reverse split end up on a path to oblivion.

All hat, no cattle

According to the independent Financia...

https://www.freightwaves.com/news/reverse-stock-splits-often-a-path-to-oblivion

Could the flux capacitor solve hydrogen storage on Class 8 trucks?

The garbage-gulping Mr. Fusion from “Back to the Future” was pure fiction, but the flux capacitor that powered Doc Brown’s flying DeLorean is real. NASA made it. The space agency licenses it. And hydrogen-powered trucks might benefit from it.

A license like no other

“I actually have a license for the flux capacitor. How many people can say that?” Michael Kramer, founder of startup Novadev, told me. “The only one who’s made a lot of money on this program so far is my patent attorney. He got paid a...

https://www.freightwaves.com/news/could-the-flux-capacitor-solve-hydrogen-storage-on-class-8-trucks

Are hydrogen combustion engines delayed or DOA?

Guidehouse Insights has published an extensive report on the global prospects for internal combustion engines powered by hydrogen. You can spend $3,950 to buy the full report and its 43 charts tracking markets for H2 ICE. Or, you can read one of the author’s perspectives below.

Hydrogen ICE study: Not that great a solution

Except for some vocational use cases in North America, a forgiving regulatory environment in Europe and a drive for energy independence in India, the idea of using gaseous or...

https://www.freightwaves.com/news/are-hydrogen-combustion-engines-delayed-or-doa

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

Hyzon focuses on US fuel cell market for survival

In its brief four-year history, Hyzon Motors has experienced far more stormy than sunny days. As it struggles to survive, the commercial fuel cell manufacturer is focusing on the U.S., where it sees hydrogen and zero-emission refuse trucks worth pursuing.

Chasing the SPAC money

A spinoff of Singapore-based Horizon Fuel Cell Technologies, Hyzon went public in July 2021 in a reverse merger with special purpose acquisition company Decarbonization Plus Acquisition Corp. It received $550 million in...

https://www.freightwaves.com/news/hyzon-focuses-on-us-fuel-cell-market-for-survival

Will natural gas payback beat EV adoption?

The confluence of a new, bigger engine, net-zero carbon emissions from renewable natural gas (RNG) and pressure from shippers for their carriers to operate sustainably add up to a bright picture for natural gas adoption.

But a new study from the North American Council for Freight Efficiency (NACFE) points to a couple of cautions. First is methane leakage from the source of the RNG. Methane escaping into the atmosphere is a huge contributor to planet-warming greenhouse gas.

Second, and most...

https://www.freightwaves.com/news/will-natural-gas-payback-beat-ev-adoption

Hydrogen’s newsy week skips over underlying  challenges

News releases this week about Nikola’s fourth energy division president in less than two years, the company’s first Hyla-branded modular hydrogen fueler for fuel cell trucks, and Hyzon Motors’ development agreement for fuel cell refuse trucks skirted some underlying issues.

Nikola touted the ability to serve up to 40 Class 8 trucks a day with about 50 kilograms of hydrogen. It’s enough to get a zero-emissions truck from Southern to Northern California — about 400 miles depending on the...

https://www.freightwaves.com/news/hydrogens-newsy-week-skips-over-underlying-challenges

Electric trucks should shake off setbacks in 2024

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Meaningful volume growth eluded heavy-duty electric trucks last year for several reasons: Charging...

https://www.freightwaves.com/news/electric-trucks-should-shake-off-setbacks-in-2024

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