[igotthemojo]

“He and Mary have the experience of major vehicle manufacturing and understanding of what national accounts need and their processes.”

I think their knowledge and experience is NOW telling them they will not be able to sell fcev trucks in the quantity that is needed…not even close…

I’m not sure trucking companies will buy many bev’s either…

Drill baby drill…

[uksausage]

Listen to the calls after Girsky was appointed CEO. not from 3 years ago.
He and Mary have the experience of major vehicle manufacturing and understanding of what national accounts need and their processes.
His interview describing his first 100 days - day one was the fires in BEVS leading to the recall.

If what we hear is true about all the BEVS being returned by end of Q4 that means Protera was able to boost battery production in Q4, but now they can be focussed on shipping FCEV (three times as many FCEV as BEV per batch of batteries. We did see FCEL VIN 351 leaving the factory by Xmas but was it shipped to a customer to count as delivered?

I expect deliveries were ahead of schedule but it is all a matter of who has been using them and when they will turn orders for 10’s into commitments to buy 100’s or 1,000s later in 2025

with those they can get supply chain prices down significantly and start making gross margin on each vehicle.

[igotthemojo]

“listen to the earnings calls where the company strategy for FCEV sales is well explained and set out.”

They were well explained and set out less than 3 yrs ago when the pps was $350…the same was true 1 1/2 yrs ago when the pps was $100…

Now at a pps of $1.22, they think they may a handle on it now?…

Trump seems to want to pull money out of hydrogen…I don’t see how this is a positive for hydrogen vehicles or trucks…it seems most companies that have anything to do with hydrogen can’t go to the bathroom without some kind of Federal funding, subsidies or loans…

Trucking companies were facing mandates to lower their emissions…doesn’t sound like they need to worry about that for at least the next 4 yrs…

So if trucking companies are not in a hurry to buy fcev trucks and Nkla has to sell a buttload more trucks in order to stay in business, then I’d say Nkla is in deep do do…

[Donotunderstand]

YUP
And so the approach to hold - not buy now - and hope to have reason to load up later

[uksausage]

listen to the earnings calls where the company strategy for FCEV sales is well explained and set out.
every truck manufactured is being delivered in line with this strategy - be it to national accounts for initial or follow on evaluation, new dealers, follow through orders.

what we don't have is a date for FCEV2.0 to be launched (we dont even know whoo the fuel cell manufacturer will be assuming it is still Bosche) but they state it is 50 % cheaper in parts and mostly USA suppliers which makes supply chain easier to manage.

[Donotunderstand]

agree

but you assume static volume of trucks and static cost to produce

if that turns out true - all is dead

if volume goes up and costs to produce go down (with new tech and volume) then a future is visible - but with diluted shares as 400-500 million is likely needed. Can not buy now - but hope to have a chance later

[igotthemojo]

bottom line, they lose a huge amount of money with every fcev they sell...they always have...that isnt good...and its not good business...it literally makes no sense...

reworking the math does not a profit make...

[Donotunderstand]

While the article IMO strays too much into politcs
While this GREEN "direction" with H may be stopped by DJT
It was very interesting to read the CORE stuff this article reports going on


https://www.msn.com/en-us/news/world/us-army-develops-revolutionary-replacement-for-traditional-diesel-generators-a-unique-opportunity/ar-AA1xtQPM?ocid=msedgntp&pc=LCTS&cvid=f7d3a5e8a9e44ce8872059e22be91169&ei=12

[Donotunderstand]

https://catalysts.shell.com/en/blue-hydrogen?hsa_acc=2377408393&hsa_cam=12914334885&hsa_grp=1296324504699377&hsa_ad=&hsa_src=a&hsa_tgt=kwd-81020440123027:loc-190&hsa_kw=blue%20hydrogen%20process&hsa_mt=e&hsa_net=adwords&hsa_ver=3&msclkid=55c90a34c7a61f8fe1a46dbaab317474&utm_source=bing&utm_medium=cpc&utm_campaign=Blue%20Hydrogen&utm_term=blue%20hydrogen%20process&utm_content=Blue%20Hydrogen

Did not read this SHELL article - but it seems to sit right on that question ----- in summary - how fast (soon) do H trucks need to be fully the low or no carbon world we want - and what does the phase in look like ?

if the link does not work it is under Shell Catalysts and Technologies (although I had a picture link)

[Donotunderstand]

Nothing new - NKLA needs cash as it loses money on sales

I assume - ??????? - that with a strong definition of MARGINAL cost to build - that NKLA adds cash to the bottom line as it sells MORE trucks. (A strong - thin definition of Added Marginal cost - e.g. assume work force would not reduce so even labor is not counted - is what I have in mind. (How much did cost - cash expenditure REALLY go up for one more or two more trucks v the cash received)

All that said - the math is the math ---- and right now - with caution - NKLA needs to add BIG chain type customers and supply BIG chain type current customers with what they want in terms of more trucks. Sometimes marketing and sales and more trucks on the road --- even if "bought with loss" is right - especially if the true extra cash spent is less than the true cash received.

The bottom line ----- to me - Is it easier for NKLA to attract the capital it needs with more sales? Do more sales and data like the increase in CA help to raise private investment or ability to borrow. Or does the potential increase in paper loss hurt worse, That is where the rubber hits the road

A 10 Million Dollar Greater semi annual GAAP loss from selling say 50-100 more trucks - may be the price needed to get 400M of equity without massive destructive dilution

[Donotunderstand]

Help
You likely answered this - and maybe more than one time - sorry

But can we tell from the data provided OVERALL - what the increase in FCEV from 546-610 is caused by.

I know to get on the list there needs to be some form of agreement to purchase

But I assume companies can back out
And if an actual sale is MADE ----- the transfer of money !! - does the "count" reduce

So - is an increase always positive or can it be a lack of "count not dropping due to lack of what i am calling FINAL SALES ?

[igotthemojo]

“but significant increase for hydrogen FCEV from 546 to 610.”

Since they sell every fcev at huge losses, the increase in sales just means that they have increased their losses by a bunch…

Woo hoo…

[WeTheMarket]

Following is TheKRA recent post on updated total number of California HVIP vouchers for Nikola trucks at end of December 2024, and comparison to same data for end of November 2024. Note that format has changed, but the same data is provided. Slight increase from 144 to 153 for BEV, but significant increase for hydrogen FCEV from 546 to 610.
Link to California HVIP database https://californiahvip.org/impact/#deployed-vehicle-mapping-tool

Looks like they have updated numbers. The date has been added at the top of the information per the attached. New vaouchers as of 12/31 are 763.

153 BEVs and 610 FCEVs

[glenn1919]

NKLA..............................https://stockcharts.com/h-sc/ui?s=NKLA&p=W&b=5&g=0&id=p86431144783

[WeTheMarket]

Global EV Sales Jump 25% in 2024 Setting New Record
January 17, 2025
https://www.greencarstocks.com/global-ev-sales-jump-25-in-2024-setting-new-record/

[Bruno2]

Sorry

[Bruno2]

Plug Power https://finance.yahoo.com/quote/PLUG/ has finalized a $1.66 billion loan guarantee from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).

The funding will support the construction of up to six projects across the United States for producing and liquefying zero- or low-carbon hydrogen.

Jan. 17, 2025 : https://energynews.biz/plug-power-secures-1-66b-doe-loan-guarantee-for-hydrogen-expansion/?amp=1

[WeTheMarket]

Plug Closes Loan Guarantee from the U.S. Department of Energy
January 16, 2025
https://www.ir.plugpower.com/press-releases/news-details/2025/Plug-Closes-Loan-Guarantee-from-the-U.S.-Department-of-Energy/default.aspx

Loan guarantee supports Plug’s domestic hydrogen production plant buildout

Plug’s Graham, Texas, plant first beneficiary of loan guarantee

SLINGERLANDS, N.Y., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, closed a $1.66 billion loan guarantee from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).

“Finalizing this loan guarantee with the Department of Energy represents a significant step in the expansion of our domestic manufacturing and hydrogen production capabilities, which create many high-quality jobs throughout the U.S.,” said Plug CEO Andy Marsh. “In addition to reducing carbon emissions and enhancing the resilience of the U.S. energy grid, we believe the hydrogen economy aligns closely with national security interests, ensuring that the U.S. remains at the forefront of energy technology development and deployment on a global scale.”

The loan guarantee will help finance the construction of up to six projects to produce and liquify zero- or low-carbon hydrogen at scale throughout the United States. Plug’s Graham, Texas, green hydrogen plant, the first to benefit from this financing, will create hundreds of high-quality jobs. Powered by an adjacent wind farm, Plug’s green hydrogen production plant will utilize the company’s electrolyzer stacks manufactured at its factory in Rochester, N.Y., and its liquefaction and storage systems built at its facility in Houston.

The hydrogen economy is strengthening America’s energy independence, and securing U.S. leadership in clean energy innovation. Most importantly, the industry is a vital step toward bolstering the resilience of our energy grid and reducing reliance on foreign energy sources. By aligning with national security priorities, this initiative ensures the U.S. remains a global leader in cutting-edge energy technology and economic growth.

Plug’s current hydrogen generation network, with plants in Woodbine, Georgia, Charleston, Tennessee, St. Gabriel, and Louisiana has a liquid hydrogen production capacity of approximately 45 tons per day.

About Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.

For more information, visit www.plugpower.com.

[WeTheMarket]

DNU, yes PLUG. This will help NKLA, a PLUG partner, but it will take time.

Major Boost for Plug Power! Big News That Could Change the Hydrogen Game
17 January 2025
https://zaman.co.at/en/news/major-boost-for-plug-power-big-news-that-could-change-the-hydrogen-game/1212382/

[Donotunderstand]

I assume this is PLUG - but appears today is a done deal

In addition, the administration closed a separate $1.66 billion loan to finance the construction of six facilities that will produce hydrogen energy.



was part of an article in a general business - politics section

[Donotunderstand]

and
Initium
which Hyundai is rolling out this quarter

https://www.hyundai.com/worldwide/en/newsroom/detail/hyundai-motor-reveals-bold-and-efficient-hydrogen-fcev-concept-previewing-new-design-language-0000000858

I guess I am nervous about H --- but with simple searches one finds MAJOR companies invested in and working on H fuel cells

If nothing else - if IVECO is stubborn - there could well be solid alternative sources for fuel cells

[Donotunderstand]

Showing on my Yahoo feed or something like that


Today on FRAME, we explore the manufacturing of Honda's fuel cell system, where technology and craftsmanship come together to create cleaner, more sustainable energy solutions for transportation.

I think I read here or on news feed that some company had stopped trying Hydrogen Cells (and maybe moved to Hydrogen ICE ?)

anyway - unless the above is old ---- HONDA is still in the game big time

and those garbage trucks in China or ?

[Donotunderstand]

I am sure I have asked - someone - and was answered but bluntly I do not remember (or some one gave me the link to try and get what I asked)

1. Does a rising number of vouchers completely mean positive stuff - as there is a PO --- but I thought not the final sale -- so the total could ??? go up month to month from only a few adds a greater then normal failure of sales ? ----- Does that make sense

And what do you all read in these new numbers

[TheKRA]

Looks like they have updated numbers. The date has been added at the top of the information per the attached. New vaouchers as of 12/31 are 763.

153 BEVs and 610 FCEVs

[WeTheMarket]

Nikola (NASDAQ:NKLA) Jumps as Hindenburg Goes Down
January 16, 2025
https://www.tipranks.com/news/nikola-nasdaqnkla-jumps-as-hindenburg-goes-down

Shares of Nikola NKLA +2.03% jumped after the demise of short seller Hindenburg Research, whose influential 2020 report on the company wiped billions from its value.

[Law of Averages]

A move up is definitely coming. A double bottom pattern in the $1.08/$1.07 area has started. Once this breaks a previous resistance at $1.79 this should fly.

[Donotunderstand]

I am a believer - and I think NKLA now has good products and a semi unique H offering

Will want to see Q4 production numbers - burn rate - if there is a V2 H fuel truck to cost a lot less to build - and how they plan to raise say 500 million needed - IMO

But - again - they are pushing forward

Not buying now as I can not see how they raise the cash they need - and I want to see them raise - without some form of dilution

Some answers - one done (future) round of dilution - and I am a buyer

Note a take out or say 1/3 ownership right now - would likely bring little gain (relative to decline) or dilution - but again - if it brings CASH as needed - i think they have tons of space for volume growth and a good product . All from a distance

[a surfer]

Anyone been adding? Or waiting... Seems like a move is coming. At least my gut says so. lol

[WeTheMarket]

KRA, they changed the look of the page, but the same information is there. The current date for the database used to be at top, now is at the bottom, and it's still 11/30/2024 as shown below. Note also that the look may differ if using a mobile phone vs. computer or laptop.
Link https://californiahvip.org/impact/#deployed-vehicle-mapping-tool

[TheKRA]

Looking at the HPIV vouchers for CA, it looks like they have changed their webpage so there isn't a date on it anymore to see if it is updated or not, at least from what I found so far. Filtering it for Nikola, it is showing 690 vouchers total. I didn't look around a lot to see if there is still a page that matches what they had before, so if anyone has a link that gets us to the old page, if it still exists, would you mind posting it? Thanks.

[Donotunderstand]

WTF ?

China - some one - built and "sold" 400 Hydrogen fueled trucks ?

Well - that - for now - is positive in the more the merrier at this point on Heavy Hydrogen Trucks

Do we know who made the hydorgen cells ? Was it GWM HYDROGEN-FTXT ?

[WeTheMarket]

Big Clean-Up Goes Green with a Fleet of 406 Hydrogen Trucks from GWM
January 14, 2025
https://www.hydrogenfuelnews.com/406-hydrogen-trucks-from-gwm/8569168/

On January 10th, 2025, GWM HYDROGEN-FTXT delivered 406 hydrogen-fueled sanitation vehicles in Baoding, China, marking a breakthrough moment for hydrogen energy innovation.

[WeTheMarket]

In farewell, Biden urges Trump to tackle China's overcapacity, clean energy dominance
Tue, January 14, 2025
https://www.yahoo.com/news/farewell-biden-urges-trump-tackle-093000035.html

Key Takeaways:

- US President Joe Biden emphasized the importance of the US winning the competition with China in clean energy supply chain and addressing China's "overcapacity" in the sector.

- Biden claimed that the US is in a stronger position in the long-term competition with China, thanks to efforts made during his tenure to protect American workers, technology, and investments in the country.

- The incoming US President Donald Trump may face challenges in continuing American efforts to counter China's dominance in clean energy manufacturing and critical material supply chains, as he has expressed skepticism about the need for clean energy and has vowed to repeal environmental initiatives launched by Biden.

[WeTheMarket]

Group closely eyeing hearings on 3 key Trump nominees in energy
Bipartisan clean energy group weighs in on choices to lead key agencies
Published: Jan 13, 2025
https://www.deseret.com/utah/2025/01/13/energy-pollution-utah-environment/

Key excerpts:

In a media briefing Monday, the group said it will be tracking hearings on Doug Burgum, a former GOP governor from North Dakota. The Donald Trump-selected nominee to lead the U.S. Department of Interior and the newly-formed National Energy Council hails from an oil and gas rich state. It is the nation’s third largest producer of crude oil in the country. He pioneered a program that gives North Dakota supremacy over carbon capture wells, the first state in the nation to do so. He also had a goal to make North Dakota carbon neutral by 2030.

He has a scheduled hearing Thursday before the Senate Committee on Energy and Natural Resources, after being moved from a Tuesday slot.

The group is also tracking Chris Wright’s nomination to lead the U.S. Department of Energy. The oil industry executive is likely to get strong pushback from Democrats and conservation groups. Wright, however, has served on the board of Oklo, a California developer of small modular nuclear reactors. Advanced nuclear technologies have enjoyed bipartisan support in three different presidential administrations, with a global race on to get them deployed and generating energy. Wright has a hearing Wednesday before a Senate committee.

Another nominee being closely watched is Lee Zeldin, tapped by Trump to lead the Environmental Protection Agency. Zeldin, a former GOP congressman from New York, backed Trump’s exit from the Paris Climate Accord. He has vowed to roll back regulations that he asserts stymie U.S. global energy independence. Zeldin, while in Congress, strongly advocated for tighter scrutiny of PFAS, or forever chemicals. Zeldin’s hearing is Thursday.

“We’re looking forward to hearing more this week, particularly with how the administration may take advantage of bipartisan policies and bipartisan investments that have been put in place over the last five years or so,” said Evan Chapman, senior director of policy for Clean Tomorrow. “Clean energy and energy growth is not a partisan issue here, and we’re excited about the opportunities that will be presented over the next couple years.”

Chapman cited Wright’s experience in working with “cutting edge clean technologies” and involvement in helping the DOE bring clean tech innovation to a commercial scale.

[igotthemojo]

yup...we are back to hitting all time lows again...

[ptcgolf]

Another all-time low coming, or it could be multiples all this week.

JMHO

[WeTheMarket]

Hydrogen Truck Breaks World Record & The #1 Driver Of Hydrogen Success In 2025

The Hydrogen Podcast
Posted 10 days ago