[mareen]

I guess being older and slower has its advantages. Holding.

[WeTheMarket]

Nice close today.

[mareen]

Lol. Droll

[barnyarddog]

Hyzon Motors, which is building a Bolingbrook hydrogen truck fuel cell plant, agrees to pay $25 million to settle SEC fraud charges
Sep 27, 2023
https://www.chicagotribune.com/business/ct-biz-hyzon-motors-sec-fraud-hydrogen-truck-bolingbrook-plant-20230927-ytg3662xcnh4tgnzrg6lugeu64-story.html

[WeTheMarket]

Bosch sees clear skies for hydrogen as key to transport decarbonization
by James Menzies
September 19, 2023
https://www.trucknews.com/sustainability/bosch-sees-clear-skies-for-hydrogen-as-key-to-transport-decarbonization/1003178216/

[G-OiL-D]

Thanks for the info WTM! HYZN's resolving the Sec investigation really caused a panic! Yeah, the so called "bad" news was so disturbing and upsetting, that it caused the stock price to "plunge" a shocking 2 pennies!
A mess created by the former CEO and SPAC officials, finally cleared up by a resposible management team now in charge. Good days ahead!

[Jack_Bolander]

BAD NEWS !

WTM- You are a little late : I posted this yesterday:

https://seekingalpha.com/news/4015608-hyzon-motors-agrees-to-25m-penalty-from-the-sec-to-settle-investigation?mailingid=32841964&messageid=2900&serial=32841964.116&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=32841964.116

OUCH !

[WeTheMarket]

Hydrogen truckmaker Hyzon settles US fraud case with $25m penalty
Two former executives also agree to pay six-figure sums to close case brought by financial regulators
27 September 2023
https://www.hydrogeninsight.com/transport/hydrogen-truckmaker-hyzon-settles-us-fraud-case-with-25m-penalty/2-1-1525069

Hydrogen truckmaker Hyzon Motors and two of its former executives yesterday (Tuesday) settled a fraud case brought against them by financial regulators in the US by agreeing to pay out multi-million dollar and hundred-thousand dollar sums respectively to close the case.

The Securities and Exchange Commission (SEC) had charged the company and the two former executives — former chief executive Craig Knight and former managing director of Hyzon’s European subsidiary Max Holthausen — with misleading their investors with alleged false statements about sales volumes of Hyzon’s fuel cell electric vehicles (FCEV).

The SEC complaint alleged that they had “misrepresented the status of its business dealings with potential customers and suppliers to crease the false appearance that significant sales transaction were imminent”.

Without admitting or denying the allegations, Hyzon has agreed to pay civil penalties of $25m, while Knight and Holthausen have agreed to pay $100,000 and $200,000 respectively. The pair have also not admitted or denied the SEC’s allegations.

Central to the SEC’s complaint is the charge that Hyzon falsely stated that it had delivered its first hydrogen truck in July 2021 — even going so far as to post a video of the vehicle implying that it was running on hydrogen when it was not equipped to do so.

It goes on to accuse Hyzon of falsely reporting that it had sold 87 FCEVs in 2021 when in fact it had sold none that year.

“Transparency in the form of full, fair, and accurate disclosure is fundamental to the federal securities laws,” said Jason Burt, regional director of the SEC’s Denver Regional Office. “The defendants allegedly violated this principle by misleading investors about virtually every aspect of Hyzon’s business. The terms of today’s settlement, if approved by the court, will hold Hyzon and responsible individuals accountable for their misconduct.”

Knight is alleged in the SEC’s complaint to have been responsible for the false statements about Hyzon’s customer and supplier relationships, while Holthausen — head of the eponymous Netherlands-based company whose stake in Hyzon’s European subsidiary was ultimately bought out by Hyzon at a massive premium — was accused by the SEC of being responsible for false statements about the delivery of its first FCEV and other certain FCEV sales claims.

Both have agreed that they are barred from serving as officers or directors of a publicly-traded company, for five years in Knight’s case, and ten in Holthausen’s.

In addition, Knight has returned $252,000 to Hyzon, which he was paid out in bonuses during the twelve-month period the SEC alleges the fraud took place. Mark Knight, the company’s former chief financial officer, has handed back $122,500 — although the SEC did not accuse him of misconduct.

“Hyzon is pleased to put this chapter behind us, and continue our disciplined execution of operational milestones including commercial vehicle deployments and fuel cell technology developments,” said Hyzon Motors' current chief executive Parker Meeks. “With a strengthened Board of Directors and leadership team, a streamlined product offering, and a rationalised geographic footprint, we look forward to accelerating the hydrogen industry.”

The settlement is dependent on court approval

[Jack_Bolander]

No matter how you try to spin it or sugar coat it, it's ALL Bad News.

[G-OiL-D]

Anything, to make you shorties feel better!

[Jack_Bolander]

Oh... That makes me feel so much better!

[G-OiL-D]

$25 million. Not as bad as NKLA's $125 million. It is now taken care of.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001716583/46fbfe84-12e0-4681-b6d3-63d2cbbc2770.pdf

https://investors.hyzonmotors.com/news/news-details/2023/HYZON-MOTORS-CONFIRMS-AGREEMENT-RESOLVING-SEC-INVESTIGATION/default.aspx

[Jack_Bolander]

BAD NEWS !

https://seekingalpha.com/news/4015608-hyzon-motors-agrees-to-25m-penalty-from-the-sec-to-settle-investigation?mailingid=32841964&messageid=2900&serial=32841964.116&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=32841964.116

OUCH !

[WeTheMarket]

Related Linkedin post.

[WeTheMarket]

GLD, agree, I was thinking the same thing. Also, how appropriate that their jersey or team color is green.

[WeTheMarket]

Repost from PLUG board, courtesy of B_B!

Daimler Truck #HydrogenRecordRun: Mercedes-Benz GenH2 Truck cracks 1,000 kilometer mark with one fill of liquid hydrogen
A prototype Mercedes-Benz GenH2 Truck covered a distance of 1,047 km between Woerth am Rhein and Berlin
September 26, 2023

Daimler Truck has successfully demonstrated that hydrogen fuel-cell technology can be the right solution to decarbonize flexible and demanding long-haul road transportation. A public road approved prototype of the Mercedes-Benz GenH2 Truck completed Daimler Truck’s #HydrogenRecordRun covering 1,047 km of distance driven with one fill of liquid hydrogen.

Powered by a cellcentric fuel-cell system and equipped with a liquid hydrogen fuel tank system, the run started Monday 25th September in the afternoon at Mercedes-Benz Truck’s Customer Center in Woerth am Rhein and finished on Tuesday morning 26th September in Germany’s capital city Berlin. The truck completed the run fully loaded and a gross combined vehicle weight of 40 tons under real-life conditions, without emitting any CO2 during the complete run. The record drive with sealed tanks and controlled mileage was independently confirmed by an inspection document from TÜV Rheinland.
.....
https://www.automotiveworld.com/news-releases/daimler-truck-hydrogenrecordrun-mercedes-benz-genh2-truck-cracks-1000-kilometer-mark-with-one-fill-of-liquid-hydrogen/

[G-OiL-D]

Thanks WTM. Very interesting for sure. I might have to start rootung for the Eagles!

[WeTheMarket]

Eagles make history with hydrogen refueling station
Sep 22, 2023
https://www.philadelphiaeagles.com/news/eagles-pdc-machines-hydrogen-refueling-station

In February of 2020, the Eagles and PDC Machines announced a multiyear sustainability partnership. Just a few weeks later, the world shut down due to the COVID-19 pandemic. Fast-forward to September 22, 2023 as the Eagles became the first professional sports team in North America to install and utilize a hydrogen refueling station to power its passenger vehicles thanks to the relationship with PDC Machines.

"Today marks another milestone for Lincoln Financial Field, the Philadelphia Eagles Go Green program, the Commonwealth of Pennsylvania, and the City of Philadelphia," said Eagles President Don Smolenski. "This is another stop on our sustainability journey as we continually strive to reduce our carbon footprint."

The refueling station was designed to take all the inputs of water and electricity to produce clean hydrogen. The unit produces green hydrogen energy by taking electricity from the stadium's 10,456 solar panels and adding water. The only emission from hydrogen energy is water vapor, which is a clean fuel compared to gasoline and diesel.

Green hydrogen is hydrogen produced by the electrolysis of water. The process is powered by renewable energy. Green hydrogen emits no pollution and is considered the cleanest and most sustainable form of hydrogen.

Pennsylvania Governor Josh Shapiro, who attended the ribbon-cutting ceremony, joked that the refueling station would contain Kelly Green hydrogen.

"Not only are the Eagles leading on the field, but they are setting an example for how companies throughout Pennsylvania and the country can act when it comes to addressing climate change and bringing clean energy into their business strategy," Shapiro said.

The newest Go Green initiative would not have been possible without PDC Machines.

Before the pandemic, the Eagles and PDC announced their partnership with an event at Lincoln Financial Field and a photoshoot with the hydrogen vehicle.

However, the collaboration did not stop. The PDC team worked diligently and purposefully to move forward and install the hydrogen refueling unit in the Stadium Control parking lot on the south side of the stadium.

"I want to thank the City of Philadelphia for working with us to get this product permitted to be sitting here," said PDC Executive Chairman Kareem Afzal. "It is a very unique installation nationally and throughout the world. This is truly the first that I have seen at a stadium, producing hydrogen, and fueling vehicles on site."

PDC is a local, father-and-son business that was started in 1977 by Kareem's father Sy after immigrating from India.

The goal of PDC is to lead the world's transition to clean energy while making a lasting impact on the community, planet, and generations to come. Over the years, PDC has made that happen, becoming an industry leader. The company now has offices in South Korea, Japan, and Germany, as well as a massive new facility in Souderton, Pennsylvania.

"My father worked very hard and diligently throughout my childhood, working to build this company," Afzal said. "Through his leadership over the years, we grew this company from a sole proprietor to the 208 people that are powering the future of hydrogen today."

The team's hydrogen-powered Hyundai Nexo was the first vehicle to use the hydrogen refueling station that is expected to change the game when it comes to using clean energy in the community. – Written by Owen Boyle

[WeTheMarket]

Ford CEO Reveals ALL NEW Hydrogen Car & SHOCKS The Entire Industry!

Clean Tech
Posted Sep 4, 2023
In today's video, we delve deep into Ford CEO Jim Farley's historic announcement about the all-new Ford Edge Hydrogen. This isn't just another automobile; it's a major step towards a more environmentally friendly automotive future.

Ford's latest step has the potential to be game-changing as climate change continues to dominate global discourse. Join us as we investigate whether the Ford Edge Hydrogen can truly usher in a cleaner, more sustainable automotive future.

[WeTheMarket]

DOE Announces Nearly $48 Million To Advance Clean Hydrogen Technologies
SEPTEMBER 20, 2023
https://www.energy.gov/articles/doe-announces-nearly-48-million-advance-clean-hydrogen-technologies

Of particular interest.

Composite Liquid-Hydrogen Tank for Heavy-Duty Trucks and Aircraft (Niskayuna, NY) — Led by GE Research, this project will design, manufacture, and test a composite tank capable of carrying 20 kilograms (kg) of liquid hydrogen, using low-cost composite materials and manufacturing approaches. The tank will be scalable to larger capacities—60 to 120 kg for heavy-truck applications and 200 to 1000 kg for aircraft applications. High-capacity onboard storage is essential for enabling the use of clean hydrogen in heavy transportation applications, such as trucks and aircraft. (Award amount: $2.9 million)

[WeTheMarket]

Hydrogen Stations Get Smarter: Predictive Models for Seamless Refueling
By Anela Dokso 20/09/2023
https://energynews.biz/hydrogen-stations-get-smarter-predictive-models-for-seamless-refueling/

Consumer confidence in hydrogen fuel cell vehicles is getting a significant boost, thanks to pioneering research by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and Colorado State University (CSU). These researchers have unveiled a predictive model that has the potential to transform hydrogen station operations, making them more reliable and reducing unexpected shutdowns.

One of the main obstacles to the widespread adoption of hydrogen-fueled vehicles is the perceived unreliability of refueling stations. When stations shut down for unscheduled maintenance, it not only inconveniences drivers but also undermines their confidence in the technology. Hydrogen stations, unlike their gasoline counterparts, are still relatively scarce. This scarcity means that consumers who rely on hydrogen must be confident that refueling will be available when needed.

The solution lies in what experts call Prognostics Health Monitoring (PHM). In essence, PHM is a predictive model that anticipates maintenance needs before they become urgent. Jennifer Kurtz, lead author of the research paper titled “Hydrogen Station Prognostics and Health Monitoring Model,” emphasizes the goal: “We want to ensure motorists who drive hydrogen-fueled cars have the same experience as those using conventional vehicles.”

The PHM model, specifically tailored for hydrogen stations, calculates the probability of each component’s continued functionality based on the number of refills the station has completed. This predictive approach allows station operators to estimate the remaining useful life of components and plan maintenance proactively.

This particular PHM, referred to as “hydrogen station prognostics health monitoring” or H2S PHM, can significantly reduce the frequency of unscheduled maintenance. By identifying components in need of attention ahead of time, station operators can schedule maintenance during low-demand periods, minimizing disruption for consumers. In contrast, unexpected failures not only lead to downtime but also require technician callouts, further delaying refueling services.

While H2S PHM holds enormous promise, it does have limitations. It cannot predict sudden failures caused by human errors, and its accuracy depends on the availability of data. More data is needed to improve its performance.

The research, funded by the Department of Energy’s Hydrogen and Fuel Cell Technologies Office, represents a significant step forward in bolstering consumer confidence in hydrogen vehicles. As the world pushes toward cleaner transportation, innovations like predictive maintenance models ensure that refueling infrastructure keeps pace with the demands of a sustainable future. Hydrogen vehicles may soon become a more reliable and accessible choice for eco-conscious drivers.

[G-OiL-D]

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001716583/7715f2fe-41eb-4de0-893d-ebefb6341d83.pdf

[BioChica]

I can only PM on Fridays. I have seen this before - I would conclude Fund rebalancing. Which is a good thing for some of the companies we are invested in.

[BioChica]

This was not the question you asked. Toyota is fairly new to the Hydrogen Truck arena, they recently ran tests at a California port.

[morokoy]

Actually I was interested in new layers not old legacy deadbeats.

[BioChica]

Not by a long shot! There a number of large companies in this club.

[Jack_Bolander]

No. Toyota, Hyundai, Renault, Honda,
BMW.

[morokoy]

Are HYZN and NKLA the only Hydrogen FCEV manufacturers ?

[WeTheMarket]

Preparing for the hydrogen grid
We have heard how great hydrogen will be as an energy source. But how do you get it?
September 13, 2023 By Peter Judge
https://www.datacenterdynamics.com/en/analysis/preparing-for-the-hydrogen-grid/

Key quotes:

California has a lot of solar and wind installations, and in 2020, it curtailed around five percent of its renewable energy output, amounting to 1.5 million MWh. For context, that is equivalent to around 170MW of power.

So you need storage. And if you are going to store energy, then hydrogen has some important advantages over batteries.

It has an energy density of around 33 kWh per kg, which is more than a hundred times that of Lithium-ion batteries (which hold around 0.26 kWh/kg). It’s also three times as much as gasoline or natural gas.

The efficiency is expected to increase as processes are improved, with some operators claiming to approach efficiency in the 90 percent region.

That’s why hydrogen is often considered a replacement for various hydrocarbon applications, including transport.

Because it’s portable and has a high energy density, hydrogen will first be used in transportation, driving vehicles too large to be powered by batteries.

A truck might have a 50,000kg payload, and carrying 20,000kg of battery would reduce that substantially. And charging times for the battery would make it less effective as part of a logistics network.

“If it takes a day and a half to recharge that battery pack,” says Mark Monroe, of Energetic Consulting. “Instead, you can just add a few high-pressure hydrogen fuel tanks, run a hydrogen truck over that same route, and carry more payload, rather than carrying batteries.”

Hydrogen companies are already providing systems for this application. Hydrogen specialist Plug Power has produced a green hydrogen facility for commercial trucking in Southern California, which uses two 5MW electrolyzers to provide two tons of hydrogen per day, which can be fed to trucks.

[mareen]

A few days back, I mentioned that new materials would be sought for ev due to the costs involved now. It's a natural progression in ev development, imho.

Fyi, Stellantis has targeted lighter materials for their ev models by 2030. The CEO said their concern is the current weight of vehicles that they want to reduce by half. And he said they do not know what materials, but a lighter ev will also be more stable and resilient.

Come on HYZN.

[WeTheMarket]

HYZON’S 1ST LIQUID HYDROGEN ELECTRIC TRUCK WOWS IN DEMO

Hydrogen News
21.2K subscribers
Sep 5, 2023
Hyzon Motors Inc. (NASDAQ: HYZN), Performance Food Group, Inc. (NYSE: PFGC) and Chart Industries, Inc. (NYSE: GTLS) together announced that the first commercial run of Hyzon’s liquid hydrogen fuel cell electric truck (LH2 FCEV) was successfully completed, demonstrating viability of liquid H2 for commercial trucking applications and confirming diesel-comparable range potential.

[WeTheMarket]

Follow up to my previous post. What about in the winter time in cold regions that get snow and ice, and towns and highway crews spread salt on the roads/highways to melt the snow/ice. Does this degrade/compromise the batteries in EVs?


Tesla Erupts in Flames After Getting Flooded During Hurricane
Story by Matthew Impelli
August 31, 2023
https://www.msn.com/en-us/weather/other/tesla-erupts-in-flames-after-getting-flooded-during-hurricane/ar-AA1g3zCh#:~:text=A%20Tesla%20car%20was%20destroyed%20by%20a%20fire,while%20on%20the%20back%20of%20a%20tow%20truck.

Key quotes:

"We saw a number of fires associated with EVs from Hurricane Ian. We know that the saltwater from storm surge can compromise these batteries, causing fires which cannot be easily suppressed,"

"If you own a hybrid or electric vehicle that has come into contact with saltwater due to recent flooding within the last 24 hours, it is crucial to relocate the vehicle from your garage without delay. Saltwater exposure can trigger combustion in lithium-ion batteries. If possible, transfer your vehicle to higher ground," Palm Harbor Fire Rescue said on Facebook.

[WeTheMarket]

Tesla Erupts in Flames After Getting Flooded During Hurricane
Story by Matthew Impelli
August 31, 2023
https://www.msn.com/en-us/weather/other/tesla-erupts-in-flames-after-getting-flooded-during-hurricane/ar-AA1g3zCh#:~:text=A%20Tesla%20car%20was%20destroyed%20by%20a%20fire,while%20on%20the%20back%20of%20a%20tow%20truck.

A Tesla car was destroyed by a fire on Thursday in Florida after it was damaged by floodwaters caused by Hurricane Idalia.

Officials with the Pinellas Park Police Department determined the Tesla was destroyed after it caught fire while on the back of a tow truck. A spokesperson for the department told Newsweek that "the owner of the vehicle had it parked in a location near one of the beaches that was flooded with salt water during the storm."

They said that the owner had parked the vehicle near 66th Street North and Park Boulevard. Rather than attempt to move the vehicle himself, he called a tow truck for help. The incident occurred around 7:30 a.m. ET and was "primarily a Fire Department call and investigation," according to the spokesperson.

The incident came shortly after Florida's Chief Financial Officer and State Fire Marshal Jimmy Patronis issued a warning to all owners of electric vehicles (EVs), to move them away from areas that could be damaged by floodwaters from Hurricane Idalia.

"We saw a number of fires associated with EVs from Hurricane Ian. We know that the saltwater from storm surge can compromise these batteries, causing fires which cannot be easily suppressed," Patronis said in a statement earlier this week. "The best fire teams can do is keep water on the battery until the fuel burns out. If you're evacuating and leaving an EV, or other lithium-ion powered devices like scooters or golf carts in your garage, you're creating a real fire threat for your home, your communities, and first responders."

Hurricane Idalia made landfall as a Category 3 storm on Wednesday and brought high wind speeds and heavy rainfall to parts of Florida.

In a post to X, formerly Twitter, on Wednesday, the National Weather Service in Tampa Bay said: "Catastrophic impacts from storm surge inundation of 12 to 16 feet above ground level and destructive waves are expected somewhere between the Wakulla/Jefferson County line and Yankeetown, Florida. Life-threatening storm surge inundation is likely elsewhere along portions of the Florida Gulf Coast where a Storm Surge Warning is in effect."

A somewhat similar incident happened in Palm Harbor, Florida on Wednesday when fire officials had to rescue a Tesla damaged by flood waters.

"If you own a hybrid or electric vehicle that has come into contact with saltwater due to recent flooding within the last 24 hours, it is crucial to relocate the vehicle from your garage without delay. Saltwater exposure can trigger combustion in lithium-ion batteries. If possible, transfer your vehicle to higher ground," Palm Harbor Fire Rescue said on Facebook.

[RealTime53]

WTM -- Thank you.

[WeTheMarket]

Related video.
Posted August 30, 2023

[G-OiL-D]

Agreed. Guesstimating about an hour stop at each location.

[WeTheMarket]

UK, I believe they drove the truck faster than 30 mph, as they also completed 8 stops for deliveries in those 16 hrs and 540 mile run. I believe what they meant by 16 hrs straight, is that they did not stop to refuel the truck.

[uksausage]

30MPH? I guess 16 hr non stop is pretty good. but still hhey should be targetting multiples of that.
noce ot kne the technology can work but Gaseous cn dothe same for now

[WeTheMarket]

Key quotes from the article:
(Source https://investors.hyzonmotors.com/news/news-details/2023/HYZON-MOTORS-SUCCESSFULLY-COMPLETES-FIRST-CUSTOMER-DEMO-OF-LIQUID-HYDROGEN-FUEL-CELL-ELECTRIC-TRUCK/default.aspx, previously posted by GOiLD)

"Starting in Temple, TX, the truck completed deliveries to eight PFG customers near Dallas, TX, travelling over 540 miles on a 16-hour continuous run including over 100-degree Fahrenheit temperatures. The run – further than the distance from Sacramento to San Diego – demonstrates the viability of on-board liquid hydrogen to fuel long-distance, zero-emission transport."

"Liquid hydrogen as a fuel source has been estimated to be up to $5 per kilogram less expensive all-in to dispense than high-pressure gaseous hydrogen1, which would provide meaningful benefits to fleet owners."

Previously disclosed but not mentioned in the article, are the fact that the total range of the truck on one fill is estimated to be well over 600 miles, and perhaps more importantly, that it refuels in 10-15 minutes.

[WeTheMarket]

GOLD, great news, thanks for sharing.

[G-OiL-D]

https://investors.hyzonmotors.com/news/news-details/2023/HYZON-MOTORS-SUCCESSFULLY-COMPLETES-FIRST-CUSTOMER-DEMO-OF-LIQUID-HYDROGEN-FUEL-CELL-ELECTRIC-TRUCK/default.aspx