EVgo Expansion in Los Angeles Recognized with 1st Place Leadership Award by Largest Municipal Utility in the Nation
May 01 2024
https://ih.advfn.com/stock-market/NASDAQ/evgo-EVGO/stock-news/93759283/evgo-expansion-in-los-angeles-recognized-with-1st

Los Angeles Department of Water & Power (LADWP) honored EVgo for its expansion in the Los Angeles area, commitment to transportation electrification at utility’s 9th Annual Sustainability Awards

EVgo Inc. (NASDAQ: EVGO), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that the company was recognized with a first place Leadership Award for Level 3 Electric Vehicle Charging – also known as DC fast charging – by the Los Angeles Department of Water & Power (LADWP). EVgo was honored as part of LADWP’s “Electrification of Transportation” category for its success deploying DC fast charging infrastructure in the Los Angeles metro area, expanding access to public charging in support of the state’s nation-leading climate goals.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501120294/en/


EVgo fast charging station in Los Angeles, CA. (Photo: Business Wire)

EVgo’s network footprint has grown by nearly 90% in the Los Angeles metro area, one of the nation’s top markets for electric vehicles, from 293 fast charging stalls at the end of 2020 to over 550 DC fast charging stalls today. Access to public infrastructure is critical for urban areas such as Los Angeles, where, according to a study by UCLA’s Luskin Center, EV drivers residing in multifamily dwellings are more likely to rely on public charging. EVgo has a long history of collaboration with LADWP, including ongoing efforts with the utility and city agencies to streamline deployments of accessible EV charging infrastructure in Los Angeles through permitting and zoning reforms.

“Receiving this recognition from LADWP is a testament to the value and importance of EVgo’s ongoing collaborations with utilities and other entities within the broader EV charging ecosystem,” said Sandeep Jayaram, Executive Vice President of Operations at EVgo. “We look forward to our continued partnership with LADWP to advance the deployment of public EV charging infrastructure and provide access to the much-needed charging resources for EV drivers in the Los Angeles metro region.”

LADWP’s 9th Annual Sustainability Awards recognized the utility’s customers and partners for their positive environmental impacts achieved throughout 2023. The event celebrated organizations across four categories including Energy Efficiency, Water Conservation, Electrification of Transportation, and Demand Response. Awards were distributed to organizations with first, second, and third place rankings across each category.

To learn more about EVgo’s best practices for EV charging infrastructure deployment, visit www.evgo.com/connect-the-watts. For more information about the EVgo charging network, please visit www.evgo.com.

About EVgo

EVgo (NASDAQ: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. EVgo is one of the nation’s largest public fast charging providers, featuring over 950 fast charging locations across more than 35 states, including stations built through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables a world-class charging experience where drivers live, work, travel, and play.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240501120294/en/

For Investors:
investors@evgo.com

For Media:
press@evgo.com

LION ELECTRIC ANNOUNCES FIRST QUARTER 2024 RESULTS RELEASE DATE
April 23 2024
https://ih.advfn.com/stock-market/NYSE/lion-electric-LEV/stock-news/93697906/lion-electric-announces-first-quarter-2024-results

MONTREAL, April 23, 2024 /CNW/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it will release its first quarter 2024 results on May 8, 2024, before markets open. A conference call and webcast will be held on the same day, at 8:30 a.m. (Eastern Time) to discuss the results.

To participate in the conference call, please dial (404) 975-4839 or (833) 470-1428 (toll free) using the Access Code 431009. A live webcast of the conference call will also be available at www.thelionelectric.com under the "Events and Presentation" page of the "Investors" section. An archive of the event will be available shortly after the conference call.

ABOUT LION ELECTRIC
Lion Electric is an innovative manufacturer of zero-emission vehicles. The Company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies.

Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.

Cision View original content:https://www.prnewswire.com/news-releases/lion-electric-announces-first-quarter-2024-results-release-date-302123868.html

Velcro, it's not just that, he looks and sounds as if he's sitting on the toilet constipated, no enthusiasm whatsoever, painful to watch.

Steve, great questions I don't have the answers to. I was just going to comment that once again he demonstrated that he has poor communication skills and is not a good spokesperson for a company. If you recall, he had a major breakdown during an important presentation for Plug Power, maybe the reason why he was let go. I don't know, I can only speculate. Hopefully he departed in good terms.

Nothing personal, as I also have terrible communication skills, but I don't hold a key level position in a company.

Repost from PLUG board, courtesy of B_B!

Futures extend gains after April jobs data
May 3, 2024

(Reuters) - U.S. stock index futures extended gains on Friday as fresh evidence of easing labor market conditions boosted hopes that the Federal Reserve could cut interest rates sometime this year.
A Labor Department report showed nonfarm payrolls increased by 175,000 jobs in April, compared with expectations for an increase of 243,000, according to economists polled by Reuters.

The unemployment rate stood at 3.9% compared with expectations that it would remain steady at 3.8%, while average earnings rose 0.2% on a monthly basis against forecasts of 0.3% growth.
At 08:30 a.m., Dow E-minis were up 520 points, or 1.35%, S&P 500 E-minis were up 55 points, or 1.08%, and Nasdaq 100 E-minis were up 249.5 points, or 1.41%.

https://www.streetinsider.com/Reuters/Futures+extend+gains+after+April+jobs+data/23167990.html

ESS Inc. Schedules First Quarter 2024 Financial Results Conference Call
April 24 2024
https://ih.advfn.com/stock-market/NYSE/ess-tech-GWH/stock-news/93708811/ess-inc-schedules-first-quarter-2024-financial-re

ESS Tech, Inc. (“ESS,” “ESS Inc.”) (NYSE:GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced that it will hold a conference call on Tuesday, May 7, 2024 at 5:00 p.m. EDT to discuss financial results for its first quarter 2024 ended March 31, 2024.

The news release announcing the first quarter 2024 financial results will be disseminated on May 7, 2024 after the market closes.

Interested parties may join the conference call beginning at 5:00 p.m. EDT on Tuesday, May 7, 2024 via telephone by calling (833) 927-1758 in the U.S., or for international callers, by calling +1 (929) 526-1599 and entering conference ID 193523. A telephone replay will be available until May 14, 2024, by dialing (866) 813-9403 in the U.S., or for international callers, +1 (929) 458-6194 with conference ID 618165. A live webcast of the conference call will be available on ESS’ Investor Relations website at http://investors.essinc.com/.

A replay of the call will be available via the web at http://investors.essinc.com/.

About ESS, Inc.

At ESS (NYSE: GWH), our mission is to accelerate global decarbonization by providing safe, sustainable, long-duration energy storage that powers people, communities and businesses with clean, renewable energy anytime and anywhere it’s needed. As more renewable energy is added to the grid, long-duration energy storage is essential to providing the reliability and resiliency we need when the sun is not shining and the wind is not blowing.

Our technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing up to 12 hours of flexible energy capacity for commercial and utility-scale energy storage applications. Established in 2011, ESS Inc. enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. For more information, visit www.essinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240423480283/en/

Investors:
Erik Bylin
investors@essinc.com

Media:
Morgan Pitts
503.568.0755
morgan.pitts@essinc.com

rbl100, I couldn't disagree more. The following chart shows the share of new cars sold that are EV from 2010 to 2023 in various countries around the world, and indicates a steady increase in adoption of EVs (Source: https://ourworldindata.org/electric-car-sales). Adoption in the US, being an oil rich country, is running a bit behind, while China is already up to 40%, and Norway is already over 80%.

Driving Through Historical Munich (InnovizTwo)

Innoviz Technologies
1.19K subscribers
Posted Apr 30, 2024

Join us on a mesmerizing journey as we drive through Ludwig street in #munich, capturing the awe-inspiring sights of the Victory Gate (Siegestor) and the Oden Square (Odeonsplatz). Through the lens of the InnovizTwo #lidar and our AI-powered Perception Software, witness the stunning beauty of these iconic #landmarks like never before.

Posted 13 hrs ago.

Posted 13 hrs ago.

California welcomes hydrogen alternative fuel infrastructure

CGTN America
703K subscribers
Posted Apr 25, 2024

Electric vehicles have exploded in popularity. But many auto experts believe there’s another green technology with even more potential — hydrogen-powered cars. As Mark Niu reports, innovators in the state of California are leading the way in trying to make that a reality.

California welcomes hydrogen alternative fuel infrastructure

CGTN America
703K subscribers
Posted Apr 25, 2024

Electric vehicles have exploded in popularity. But many auto experts believe there’s another green technology with even more potential — hydrogen-powered cars. As Mark Niu reports, innovators in the state of California are leading the way in trying to make that a reality.

How Nikola is building a Hydrogen Highway with Ole Hoefelmann | Loaded and Rolling

FreightWaves
28.7K subscribers
Posted May 1, 2024

In today’s episode Ole Hoefelmann, president of the Nikola Energy division at Nikola joins us to talk about their Hydrogen Highway plan to establish refueling stations. We also dive into Nikola’s plans on how they are expanding their HYLA hydrogen refueling stations nationwide through partnerships, collaborations, and funding.

How Nikola is building a Hydrogen Highway with Ole Hoefelmann | Loaded and Rolling

FreightWaves
28.7K subscribers
Posted May 1, 2024

In today’s episode Ole Hoefelmann, president of the Nikola Energy division at Nikola joins us to talk about their Hydrogen Highway plan to establish refueling stations. We also dive into Nikola’s plans on how they are expanding their HYLA hydrogen refueling stations nationwide through partnerships, collaborations, and funding.

Advent Technologies Holdings Approves Reverse Stock Split
May 01 2024
https://ih.advfn.com/stock-market/NASDAQ/advent-technologies-ADN/stock-news/93760545/advent-technologies-holdings-approves-reverse-stoc

FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2024
https://archive.fast-edgar.com/20240501/AE2NN22CZ22E39X2222D2ZE2DRMQZZ22N262/

Hyliion Holdings Reports First-Quarter 2024 Financial Results
April 30 2024
https://ih.advfn.com/stock-market/NYSE/hyliion-HYLN/stock-news/93751427/hyliion-holdings-reports-first-quarter-2024-financ

Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today reported its first-quarter 2024 financial results.

Key Business Highlights

- Announced that H2 Energy Group has executed a letter of intent to purchase up to 10 KARNO generator units that will operate on hydrogen rich syngas produced from sustainable processes
- Announced partnership with BayoTech to introduce Hyliion and BayoTech’s innovative solutions to each other’s customers
- Reiterated plans to deliver initial KARNO generator units to customers in late 2024
- Reported today that customer commitments are secured for 2024 production capacity and actively building a backlog of commitments for 2025 generator deliveries
- Hosted event with customers and other stakeholders to showcase KARNO technology and development progress
- Repurchased 8.7 million shares for $11.3 million as part of the company’s $20 million Stock Repurchase Program
- Ended the quarter with $264 million of cash and investments
- Reaffirmed guidance of $40 to $50 million cash expenditures in 2024 for KARNO development and capital investments

Executive Commentary

“I'm excited with the progress we've achieved in the past quarter as we remain on course for the initial deployment of KARNO generators to customers later this year," stated Thomas Healy, Hyliion’s Founder and CEO. "The growing interest from customers in our technology is promising, and we anticipate expanding our order backlog throughout this year for 2025. Additionally, we're swiftly increasing our production capacity by introducing additive printers to our Austin, Texas facility to meet rising demand."

KARNO Commercial Updates

Hyliion is initially developing a locally-deployable 200kW generating system which it intends to deliver to initial deployment customers in late 2024. Target markets in the commercial power space include EV Charging, Waste Gas, Prime Power and Mobility applications. Initial customer deployments will target each of these markets to demonstrate the versatility of the KARNO generator as well as key product attributes and differentiators versus competing technologies, including efficiency, emissions, fuel flexibility, and operating and maintenance costs.

Hyliion also recently announced that H2 Energy Group has executed a non-binding letter of intent for the purchase of up to 10 KARNO generators that will be fueled by hydrogen-rich syngas. H2 Energy specializes in the production of hydrogen using completely sustainable and renewable biomass. The letter of intent outlines the plan for five KARNO generator units to be installed in 2025 and includes an option for the purchase of five additional generators upon successful deployment of the initial units. Hyliion also announced a partnership with BayoTech, a full-service hydrogen supplier, allowing the companies to introduce their innovative solutions to each other’s customers, enhancing the product offerings of both companies.

Hyliion recently hosted a KARNO generator showcase event at its Cincinnati engineering and development facility, welcoming guests including customers, regulators, media representatives, government officials, supplier partners, and other stakeholders. Attendees had the opportunity to witness the KARNO generator in action and explore its underlying technology, including additive manufacturing and the fuel oxidation process with hydrogen. Additionally, the company provided updates on recent development progress, plans for initial generator deployments and the scaling up of production capacity.

KARNO Generator Development

Hyliion is developing a revolutionary new electrical generator powered by a linear heat motor that is expected to deliver step-change improvements in performance characteristics compared to conventional electricity generating systems, including efficiency, emissions, maintenance requirements, noise levels and fuel flexibility. The KARNO generator is enabled by the latest advances in additive manufacturing technology.

The development of the KARNO generator remains on track for initial customer deployments in late 2024. The company has been testing its Alpha version of the generator and earlier this year began printing components for its BETA version, which is the production-intent design. The company is taking delivery of additive manufacturing machines at its Austin, Texas facility, slated to become Hyliion’s primary KARNO generator printing, manufacturing and assembly center starting in 2025. Additive printers on hand and on order account for most of the capacity required for planned generator production in 2025.

Powertrain Wind-Down

In November 2023, Hyliion announced that it was winding down its powertrain business segment to maintain the company’s strong cash position as it furthers development of KARNO generator technology. The company has retained the powertrain technology, enabling it to explore future use or sale of the technology and tangible assets. Most wind-down activities were completed through the first quarter of 2024, while efforts to monetize powertrain assets and technology will continue throughout the year.

Financial Highlights and Guidance

First quarter operating expenses totaled $19.0 million, compared to $31.9 million in the prior-year quarter. First quarter expenses include $4.4 million of exit and termination charges directly related to the wind down of the powertrain business. Net loss in the quarter was $15.6 million, compared to $28.8 million in the first quarter of 2023.

The company repurchased 8.7 million shares of stock in the first quarter for $11.3 million as part of the $20 million share repurchase program announced in late 2023. Total cash expenditures for the quarter were $35.3 million, including share repurchases, $14.1 million for KARNO development, SG&A expenses, and capital spending and $9.9 million for outlays related to powertrain wind-down activities, net of asset sales. Total cash and investments remaining at the end of the quarter were $264 million.

For 2024, total cash consumed by KARNO development and capital investments is expected to be between $40 and $50 million, down compared to $131 million in cash consumed by the company in 2023. This estimate excludes cash payments associated with the stock repurchase program, payments associated with the ongoing wind down of powertrain operations, and cash generated from the sale of powertrain assets. Hyliion expects to achieve commercialization of the KARNO generator with the capital on hand.

Projections for 2025 include growth of KARNO generator deliveries with proceeds from sales in the low double-digit millions of dollars. The company also projects gross margins to be approximately break-even or slightly negative and cash spending to grow modestly compared to 2024.

About Hyliion

Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The KARNO generator is a fuel-agnostic solution, enabled by additive manufacturing, that leverages a linear heat generator architecture. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.

Steve, I'm a little less cynical, I'm guessing that they are doing it virtually as a cost cutting measure.

Steve, I blame primarely Sanjay and Paul M. (CFO) for Plug Power's demise.

Repost from PLUG board, courtesy of B_B!.

Amid Elon Musk's Visit To Beijing For FSD Push, China Is Eyeing 'Economical' Hydrogen-Powered Vehicles As Next Alternative For Green
Pooja Rajkumari April 29, 2024

Tesla CEO Elon Musk recently wrapped up his visit to China, sparking speculation about the introduction of the full-self driving (FSD) system in the country. However, this visit comes at a time when China’s auto sector is focusing on hydrogen-powered vehicles with policymakers introducing various incentives and business applications to position China as a global leader in this clean energy source.

What Happened: Both central and local governments in China are rolling out a range of incentives to encourage the use of hydrogen-powered vehicles, South China Morning Post reported recently.

For example, Sichuan province is contemplating the removal of highway tolls for these vehicles and lifting restrictions on their access within the city. The province also plans to construct hydrogen refuelling stations and offer subsidies based on the standards of the charging stations.

Hydrogen, a carbon-neutral energy source, allows quick refuelling, making it an ideal choice for large commercial vehicles. Guotai Junan Securities analyst Pang Junwen pointed out that Sichuan’s initiative could make hydrogen-powered vehicles a cost-effective alternative to diesel-fuelled trucks.

Sinopec, China’s largest oil and gas producer, has constructed 11 hydrogen fuel supply centres and 128 hydrogen refuelling stations. Recognizing hydrogen energy as a new frontier for emerging technologies and industries, China, already a significant producer of electric vehicles and lithium batteries, is keen to explore this avenue further.
.....
https://www.benzinga.com/markets/asia/24/04/38484139/amid-elon-musks-visit-to-beijing-for-fsd-push-china-is-eyeing-economical-hydrogen-powered-vehicles-a

Repost from PLUG board, courtesy of B_B!.

Amid Elon Musk's Visit To Beijing For FSD Push, China Is Eyeing 'Economical' Hydrogen-Powered Vehicles As Next Alternative For Green
Pooja Rajkumari April 29, 2024

Tesla CEO Elon Musk recently wrapped up his visit to China, sparking speculation about the introduction of the full-self driving (FSD) system in the country. However, this visit comes at a time when China’s auto sector is focusing on hydrogen-powered vehicles with policymakers introducing various incentives and business applications to position China as a global leader in this clean energy source.

What Happened: Both central and local governments in China are rolling out a range of incentives to encourage the use of hydrogen-powered vehicles, South China Morning Post reported recently.

For example, Sichuan province is contemplating the removal of highway tolls for these vehicles and lifting restrictions on their access within the city. The province also plans to construct hydrogen refuelling stations and offer subsidies based on the standards of the charging stations.

Hydrogen, a carbon-neutral energy source, allows quick refuelling, making it an ideal choice for large commercial vehicles. Guotai Junan Securities analyst Pang Junwen pointed out that Sichuan’s initiative could make hydrogen-powered vehicles a cost-effective alternative to diesel-fuelled trucks.

Sinopec, China’s largest oil and gas producer, has constructed 11 hydrogen fuel supply centres and 128 hydrogen refuelling stations. Recognizing hydrogen energy as a new frontier for emerging technologies and industries, China, already a significant producer of electric vehicles and lithium batteries, is keen to explore this avenue further.
.....
https://www.benzinga.com/markets/asia/24/04/38484139/amid-elon-musks-visit-to-beijing-for-fsd-push-china-is-eyeing-economical-hydrogen-powered-vehicles-a

DNU, true, however, Nikola needs hydrogen refueling stations to be available now, regardless of ownership, in order to sell trucks. The trucks have an insatiable need for hydrogen supply, so once Nikola is able to sell thousands of trucks a year, and has funds, they'll be able to build their own refueling stations.

DNU, FirstElement Fuel is a Nikola partner, not sure what the terms are.

Nikola and FirstElement Fuel Forge 10-Year Strategic Partnership to Advance Hydrogen Fueling Infrastructure
FirstElement Fuel named authorized Fueling Solutions Partner for Nikola Class 8 hydrogen fuel cell electric trucks
Published December 20, 2023
https://nikolamotor.com/nikola-and-firstelement-fuel-forge-10-year-strategic-partnership-to-advance-hydrogen-fueling-infrastructure

Key quotes:

FEF is in the process of installing a number of hydrogen refueling stations capable of fast-filling for Class 8 trucks. This strategic initiative with Nikola will enable an acceleration of FEF’s commitment to building hydrogen infrastructure to serve transportation hubs in areas where clean solutions are imperative.

Nikola plans to develop a series of new hydrogen fueling locations under the brand name HYLA throughout Southern Calif. in the coming months followed by Northern Calif. to support the recent launch of the Nikola hydrogen fuel cell electric truck. Supplementing these stations will be a network of hydrogen fueling solution partners that will create additional hydrogen fueling opportunities for Nikola customers. The combination of these hydrogen fueling options will help facilitate the adoption of hydrogen fuel cell electric trucks and the decarbonization of transportation.

Fossil Fuel Subsidies Surged to Record $7 Trillion
Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change
Simon Black, Ian Parry, Nate Vernon
August 24, 2023
https://www.imf.org/en/Blogs/Articles/2023/08/24/fossil-fuel-subsidies-surged-to-record-7-trillion

Plug Power (PLUG) Earnings Date and Reports 2024
3 days ago
https://www.marketbeat.com/stocks/NASDAQ/PLUG/earnings/

"Plug Power has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, May 14th, 2024 based off prior year's report dates."

FuelCell Energy Announces Debt Financing for Derby Power Projects
Apr 29, 2024
https://investor.fce.com/press-releases/press-release-details/2024/FuelCell-Energy-Announces-Debt-Financing-for-Derby-Power-Projects/default.aspx

Oakland Port Hosts World’s First Large-Scale Commercial Hydrogen Truck Stop
Story by Jim Motavalli • 3h
https://www.autoweek.com/news/a60619293/firstelement-fuel-opens-hydrogen-truck-refueling-at-oakland-port/

Who takes over Tritium, the titan house of EV charger manufacturing in Australia?
APRIL 26, 2024
https://www.watoday.com.au/business/companies/who-takes-over-tritium-the-titan-house-of-ev-charger-manufacturing-in-australia-20240422-p5flq4.html

Less than a year after Labor was catapulted into power, Prime Minister Anthony Albanese headed back to Tritium’s headquarters in Brisbane to spruik yet again his government’s key election commitment – a $15 billion National Reconstruction Fund to support the nation’s ailing manufacturing sector.

Walking through the factory during his third visit to the company, vowing to challenge the global dominance of Tesla in electric vehicle charging, Albanese posed for photos with Tritium chief executive Jane Hunter and declared this was the type of Australian business the federal government could get behind.

“This is what one of the world’s fastest electric vehicle chargers looks like,” Albanese tweeted. “It’s the kind of technology we need to make Australia a renewable energy superpower. Businesses like Tritium here in Brisbane need certainty to invest in new tech, new ideas and new jobs.”

By the end of that year, the company was struggling to raise capital from governments or investors, being threatened with delisting from the Nasdaq, and eventually forced to shut down its Brisbane manufacturing plant, laying off 200 staff, to consolidate its operations in the United States as a last-ditch effort to save itself.

After a rapid rise, and at the centre of US President Joe Biden’s electric car revolution, the company’s fall had been equally rapid, culminating in its collapse last week.

“They designed a pretty cool piece of equipment, and they filled what was clearly a significant market gap, and it was growing rapidly,” says Tony Wood, the director of the energy program at the Grattan Institute.

“You look at their growth and their share price, and it was quite dramatic. Maybe they got carried away because when you have a market like that, you need to keep up with it, you need to raise capital because if you don’t, others will step in and eat your lunch.

“It’s the nature of a capitalist market system. It can be very cruel.”

Who fills the significant gap now?
Tritium was viewed as a national success story by state and federal politicians. The company had claimed it was the second-largest producer of charging infrastructure outside China, and owned and operated three-quarters of EV chargers across Australia.

When it moved to the United States in 2021, its future seemed so promising. It listed on the Nasdaq with a $2 billion valuation, built a factory in Lebanon, Tennessee, to produce 30,000 units a year, and employed thousands of local people.

It was building critical infrastructure in a fast-growing industry, and expanding its market, but as high-profile shareholder Brian Flannery lamented before pulling out two months ago, its bloated corporate management structure was stunting profit.

Tritium reported a revenue of $US185 million ($284 million) in the 2022-23 financial year, more than double what it recorded the previous year, but it had failed to make a profit over the past three years.

The collapse of Tritium as a business model will be raked over, but the real question for the rest of us transitioning to a low carbon economy is: how do we grow this critical industry in a nation where EV uptake had for far too long been too low, and what are the lessons from the once titan house of fast-charger manufacturing?

“They had a problem when the proportion of their chargers not functioning was quite high. You’d turn up at a charging facility, and of the four units, two were usually not working. They got a bit of a reputation for not being reliable, but they still had that market share, so I don’t know who’s going to step into that.”

There are now more than 180,000 EVs on Australian roads, a figure that has doubled since 2022, but represents less than 1 per cent of the total passenger vehicle fleet.

A Deloitte report, EV charging infrastructure – the next frontier, published in January, notes the uptake of EVs is projected to increase from 8.4 per cent of all new passenger vehicle sales in 2023 to 43 per cent by 2033.

To service that demand, Australia will need an eightfold increase on current public charging capacity, which means installing, on average, eight new public chargers every day for the next nine years.

It is one of the reasons why NSW and Victoria last year scrapped $3000 subsidies for drivers who buy new EVs and redirected some of the savings to roll out more charging stations in public spaces.

University of Melbourne chair in management Daniel Samson is confident EV charging infrastructure will continue to grow in Australia, but he hopes this industry will be far better supported than car manufacturing, which disappeared from the nation’s shores seven years ago.

“For far too long, Australia has had almost no industrial policy to speak of in which we positively helped catalyse sufficient industries to start up … so personally, I really welcome the idea of us having a business plan and a Future Made in Australia approach,” Samson says.

“And the other thing the government can do about EV charging is try to establish some standards so that rather than have a whole bunch of EV charging systems and approaches, if we can have some standards that manufacturers realise their equipment needs to fit, then that will reduce some of the risk.”

It’s still early days, but receivers McGrathNicol are in the process of finding a buyer for Tritium.

Partner Shaun Fraser said a sale process for Tritium’s business and assets had already been under way, and McGrathNicol would engage as a “matter of urgency” with those potential buyers.

“Our immediate focus is to stabilise operations and work closely with Tritium’s employees, customers and suppliers as we attempt to secure the best possible outcome for all parties,” Fraser said in a statement after Tritium’s collapse was announced last week.

Bjorn Sturmberg is a senior research fellow at the Australian National University and his work focuses on electric vehicles and general grid integration of green techs. The collapse of Tritium is a significant loss, he says, but it should not detract from the quality of Australian innovation.

It is more important than ever to continue turbocharging this industry.

“They had three-quarters of the market share in fast chargers so in that case it is calling into question the availability of parts and serving those – it’s a serious hit,” Sturmberg says.

“But I would kind of balance that off with [the fact that] the vast majority of the cost of fast-charging stations goes into the engineering, work of finding a site, developing a site, civil works, upgrades you need to make. So even for sites that may have a Tritium charger end up being uninstalled, it’s not the end of the world, and it’s still an imperative we have lots of charging stations deployed.”

This week, Stockland announced it was joining forces with Ampol to roll out one of the biggest Australian shopping centre networks fast EV charging stations. The ASX-listed fuel supplier is aiming to become one of Australia’s leading EV charging networks.

Tritium’s collapse won’t sound the death knell for clean technology manufacturing in Australia, and while most experts agree it has only highlighted how imperative it is for the nation to power an industry that is critical to a net zero future, others are wondering whether we can ever keep up with the EV titan, China.

Nikola | Earth Day 2024

Nikola Motor Company
43.7K subscribers
Posted Apr 22, 2024

From the first light of dawn to the forefront of innovation, we're driving change for a sustainable today and tomorrow. Happy Earth Day! Learn more:
https://www.nikolamotor.com/

Air Products announces plans to build network of commercial-scale multi-modal H2 refueling stations
24 Apr 2024
https://h2-tech.com/news/2024/04-2024/air-products-announces-plans-to-build-network-of-commercial-scale-multi-modal-h-sub-2-sub-refueling-stations/

Air Products announced it intends to build a network of permanent, commercial-scale multi-modal H2 refueling stations stretching from Edmonton to Calgary, Alberta, Canada.

“With abundant resources, tremendous talent, and forward-thinking governments, Canada is driving the clean energy transition forward,” said Seifi Ghasemi, Air Products’ Chairman, President and Chief Executive Officer. “Last year, Air Products announced our continued investment in Western Canada with the first permanent, commercial-scale H2 refueling station in Alberta. Today, we build on that commitment with plans to build additional commercial-scale multi-modal H2 refueling stations, developing a H2 highway connecting Alberta’s two largest cities and enabling the continued development of the region’s H2 ecosystem.”

The permanent, multi-modal H2 refueling stations will be equipped to serve heavy-duty vehicles, such as commercial and municipal trucks and buses, as well light-duty H2 fuel cell cars. The stations will be along the Queen Elizabeth II Highway that runs through Calgary and Edmonton, providing a fueling experience and speed that is similar to gasoline or diesel. This H2 infrastructure will help Western Canada reach a goal of 5,000 H2 or dual fuel vehicles on the road in five years.

“Each of our state-of-the-art, high-capacity, high-reliability stations will be able to fuel up to 200 heavy-duty trucks or 2,000 cars per day,” noted Rachel Smith, vice president and general manager, Air Products Canada. “In Canada, H2 is essential to decarbonizing transportation where heavy-duty vehicles travel long distances in extreme temperatures. We are excited to be activating Canada’s first H2 corridor here in Alberta.”

The first of Air Products’ permanent H2 refueling stations, located in Edmonton, near the site of the Company’s landmark net-zero H2 energy complex that is under construction, is scheduled to be onstream in 2025. Currently, Air Products has placed a temporary, H2 mobile fueler on the site that is supplying customers. The permanent Edmonton H2 refueling station is supported in part by $1 million (CAD) in funding from Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program.

Hon. Jonathan Wilkinson, Minister of Energy and Natural Resources Canada, said, “The development and deployment of H2 presents an enormous economic and environmental opportunity for Canadians. The federal government is prepared to seize this opportunity, and today’s announcement by Air Products shows that Canadian companies and innovators are also continuing to lead the way on H2. I congratulate Air Products on today’s exciting announcement. Together, we will continue to establish Canada as a leading producer and supplier of H2 on our path to net-zero by 2050.”

Hon. Danielle Smith, Premier of Alberta, said, “H2 is a fuel of the future and our government is fully on-board with efforts to pursue early adoption of H2 technology. I’m thrilled that Air Products is working toward development of a H2 highway between Edmonton and Calgary. This will help grow Alberta’s H2 ecosystem and spur on additional interest, investment, and progress in the H2 space.”

Hon. Dale Nally, Minister of Service Alberta and Red Tape Reduction, said, “This is exciting news and a great leap forward in growing the use of H2 as a transportation fuel in Alberta. By adding H2 fueling infrastructure along Alberta’s busiest transportation corridor, Air Products is helping to clear the way for H2-powered vehicles as a viable clean alternative to EVs. Alberta’s government knows H2 has the potential to be a major source of clean energy here at home and around the world, and today’s announcement is helping to turn that vision into reality.”

Jim Wood, Mayor of Red Deer County, said, “Red Deer County takes pride in supporting trucking and logistics; we are excited that future trucks driving along the QE2 will have easy access to a clean alternative energy fuel source.”

Malcolm Bruce, CEO of Edmonton Global, said, "Air Products' bold initiative to build a network of multi-modal H2 refueling stations between the Edmonton region and Calgary marks a significant leap forward in Canada's clean energy journey and the 5,000 H2 Vehicle Challenge. Announcements like these will help us in reaching our goal of having 5,000 H2 or dual-fuel vehicles on the road in Western Canada in five years. By connecting our two largest cities with this H2 highway, we're not just fostering innovation; we're catalyzing a sustainable future. This investment underscores our shared commitment to advancing green technologies and propelling Alberta to the forefront of the H2 revolution. Canada's path to net-zero truly runs through the Edmonton region."

In addition, Air Products has a H2 mobile fueler at the Edmonton International Airport to provide H2 for the airport’s fleet of Toyota Mirai H2 fuel cell vehicles as well as a mobile fueler located on Aurum Road ready to serve the broader Edmonton market.

As the world’s largest supplier of H2, Air Products has hands-on operating experience with over 250 H2 fueling station projects in 20 countries and the company’s technologies are used in over 1.5 million fueling operations annually.

Air Products announces plans to build network of commercial-scale multi-modal H2 refueling stations
24 Apr 2024
https://h2-tech.com/news/2024/04-2024/air-products-announces-plans-to-build-network-of-commercial-scale-multi-modal-h-sub-2-sub-refueling-stations/

Air Products announced it intends to build a network of permanent, commercial-scale multi-modal H2 refueling stations stretching from Edmonton to Calgary, Alberta, Canada.

“With abundant resources, tremendous talent, and forward-thinking governments, Canada is driving the clean energy transition forward,” said Seifi Ghasemi, Air Products’ Chairman, President and Chief Executive Officer. “Last year, Air Products announced our continued investment in Western Canada with the first permanent, commercial-scale H2 refueling station in Alberta. Today, we build on that commitment with plans to build additional commercial-scale multi-modal H2 refueling stations, developing a H2 highway connecting Alberta’s two largest cities and enabling the continued development of the region’s H2 ecosystem.”

The permanent, multi-modal H2 refueling stations will be equipped to serve heavy-duty vehicles, such as commercial and municipal trucks and buses, as well light-duty H2 fuel cell cars. The stations will be along the Queen Elizabeth II Highway that runs through Calgary and Edmonton, providing a fueling experience and speed that is similar to gasoline or diesel. This H2 infrastructure will help Western Canada reach a goal of 5,000 H2 or dual fuel vehicles on the road in five years.

“Each of our state-of-the-art, high-capacity, high-reliability stations will be able to fuel up to 200 heavy-duty trucks or 2,000 cars per day,” noted Rachel Smith, vice president and general manager, Air Products Canada. “In Canada, H2 is essential to decarbonizing transportation where heavy-duty vehicles travel long distances in extreme temperatures. We are excited to be activating Canada’s first H2 corridor here in Alberta.”

The first of Air Products’ permanent H2 refueling stations, located in Edmonton, near the site of the Company’s landmark net-zero H2 energy complex that is under construction, is scheduled to be onstream in 2025. Currently, Air Products has placed a temporary, H2 mobile fueler on the site that is supplying customers. The permanent Edmonton H2 refueling station is supported in part by $1 million (CAD) in funding from Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program.

Hon. Jonathan Wilkinson, Minister of Energy and Natural Resources Canada, said, “The development and deployment of H2 presents an enormous economic and environmental opportunity for Canadians. The federal government is prepared to seize this opportunity, and today’s announcement by Air Products shows that Canadian companies and innovators are also continuing to lead the way on H2. I congratulate Air Products on today’s exciting announcement. Together, we will continue to establish Canada as a leading producer and supplier of H2 on our path to net-zero by 2050.”

Hon. Danielle Smith, Premier of Alberta, said, “H2 is a fuel of the future and our government is fully on-board with efforts to pursue early adoption of H2 technology. I’m thrilled that Air Products is working toward development of a H2 highway between Edmonton and Calgary. This will help grow Alberta’s H2 ecosystem and spur on additional interest, investment, and progress in the H2 space.”

Hon. Dale Nally, Minister of Service Alberta and Red Tape Reduction, said, “This is exciting news and a great leap forward in growing the use of H2 as a transportation fuel in Alberta. By adding H2 fueling infrastructure along Alberta’s busiest transportation corridor, Air Products is helping to clear the way for H2-powered vehicles as a viable clean alternative to EVs. Alberta’s government knows H2 has the potential to be a major source of clean energy here at home and around the world, and today’s announcement is helping to turn that vision into reality.”

Jim Wood, Mayor of Red Deer County, said, “Red Deer County takes pride in supporting trucking and logistics; we are excited that future trucks driving along the QE2 will have easy access to a clean alternative energy fuel source.”

Malcolm Bruce, CEO of Edmonton Global, said, "Air Products' bold initiative to build a network of multi-modal H2 refueling stations between the Edmonton region and Calgary marks a significant leap forward in Canada's clean energy journey and the 5,000 H2 Vehicle Challenge. Announcements like these will help us in reaching our goal of having 5,000 H2 or dual-fuel vehicles on the road in Western Canada in five years. By connecting our two largest cities with this H2 highway, we're not just fostering innovation; we're catalyzing a sustainable future. This investment underscores our shared commitment to advancing green technologies and propelling Alberta to the forefront of the H2 revolution. Canada's path to net-zero truly runs through the Edmonton region."

In addition, Air Products has a H2 mobile fueler at the Edmonton International Airport to provide H2 for the airport’s fleet of Toyota Mirai H2 fuel cell vehicles as well as a mobile fueler located on Aurum Road ready to serve the broader Edmonton market.

As the world’s largest supplier of H2, Air Products has hands-on operating experience with over 250 H2 fueling station projects in 20 countries and the company’s technologies are used in over 1.5 million fueling operations annually.

Air Products announces plans to build network of commercial-scale multi-modal H2 refueling stations
24 Apr 2024
https://h2-tech.com/news/2024/04-2024/air-products-announces-plans-to-build-network-of-commercial-scale-multi-modal-h-sub-2-sub-refueling-stations/

Air Products announced it intends to build a network of permanent, commercial-scale multi-modal H2 refueling stations stretching from Edmonton to Calgary, Alberta, Canada.

“With abundant resources, tremendous talent, and forward-thinking governments, Canada is driving the clean energy transition forward,” said Seifi Ghasemi, Air Products’ Chairman, President and Chief Executive Officer. “Last year, Air Products announced our continued investment in Western Canada with the first permanent, commercial-scale H2 refueling station in Alberta. Today, we build on that commitment with plans to build additional commercial-scale multi-modal H2 refueling stations, developing a H2 highway connecting Alberta’s two largest cities and enabling the continued development of the region’s H2 ecosystem.”

The permanent, multi-modal H2 refueling stations will be equipped to serve heavy-duty vehicles, such as commercial and municipal trucks and buses, as well light-duty H2 fuel cell cars. The stations will be along the Queen Elizabeth II Highway that runs through Calgary and Edmonton, providing a fueling experience and speed that is similar to gasoline or diesel. This H2 infrastructure will help Western Canada reach a goal of 5,000 H2 or dual fuel vehicles on the road in five years.

“Each of our state-of-the-art, high-capacity, high-reliability stations will be able to fuel up to 200 heavy-duty trucks or 2,000 cars per day,” noted Rachel Smith, vice president and general manager, Air Products Canada. “In Canada, H2 is essential to decarbonizing transportation where heavy-duty vehicles travel long distances in extreme temperatures. We are excited to be activating Canada’s first H2 corridor here in Alberta.”

The first of Air Products’ permanent H2 refueling stations, located in Edmonton, near the site of the Company’s landmark net-zero H2 energy complex that is under construction, is scheduled to be onstream in 2025. Currently, Air Products has placed a temporary, H2 mobile fueler on the site that is supplying customers. The permanent Edmonton H2 refueling station is supported in part by $1 million (CAD) in funding from Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program.

Hon. Jonathan Wilkinson, Minister of Energy and Natural Resources Canada, said, “The development and deployment of H2 presents an enormous economic and environmental opportunity for Canadians. The federal government is prepared to seize this opportunity, and today’s announcement by Air Products shows that Canadian companies and innovators are also continuing to lead the way on H2. I congratulate Air Products on today’s exciting announcement. Together, we will continue to establish Canada as a leading producer and supplier of H2 on our path to net-zero by 2050.”

Hon. Danielle Smith, Premier of Alberta, said, “H2 is a fuel of the future and our government is fully on-board with efforts to pursue early adoption of H2 technology. I’m thrilled that Air Products is working toward development of a H2 highway between Edmonton and Calgary. This will help grow Alberta’s H2 ecosystem and spur on additional interest, investment, and progress in the H2 space.”

Hon. Dale Nally, Minister of Service Alberta and Red Tape Reduction, said, “This is exciting news and a great leap forward in growing the use of H2 as a transportation fuel in Alberta. By adding H2 fueling infrastructure along Alberta’s busiest transportation corridor, Air Products is helping to clear the way for H2-powered vehicles as a viable clean alternative to EVs. Alberta’s government knows H2 has the potential to be a major source of clean energy here at home and around the world, and today’s announcement is helping to turn that vision into reality.”

Jim Wood, Mayor of Red Deer County, said, “Red Deer County takes pride in supporting trucking and logistics; we are excited that future trucks driving along the QE2 will have easy access to a clean alternative energy fuel source.”

Malcolm Bruce, CEO of Edmonton Global, said, "Air Products' bold initiative to build a network of multi-modal H2 refueling stations between the Edmonton region and Calgary marks a significant leap forward in Canada's clean energy journey and the 5,000 H2 Vehicle Challenge. Announcements like these will help us in reaching our goal of having 5,000 H2 or dual-fuel vehicles on the road in Western Canada in five years. By connecting our two largest cities with this H2 highway, we're not just fostering innovation; we're catalyzing a sustainable future. This investment underscores our shared commitment to advancing green technologies and propelling Alberta to the forefront of the H2 revolution. Canada's path to net-zero truly runs through the Edmonton region."

In addition, Air Products has a H2 mobile fueler at the Edmonton International Airport to provide H2 for the airport’s fleet of Toyota Mirai H2 fuel cell vehicles as well as a mobile fueler located on Aurum Road ready to serve the broader Edmonton market.

As the world’s largest supplier of H2, Air Products has hands-on operating experience with over 250 H2 fueling station projects in 20 countries and the company’s technologies are used in over 1.5 million fueling operations annually.

Posted 10 hrs ago.

Innoviz Sets First Quarter 2024 Conference Call for Wednesday, May 8 at 9:00 a.m. ET
April 17 2024
https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/93673520/innoviz-sets-first-quarter-2024-conference-call-fo

TEL AVIV, Israel, April 17, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the first quarter ended March 31, 2024 on Wednesday, May 8, 2024 before the market opens.

Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its operational and financial results followed by a question-and-answer session for the investment community. Operational and financial results will be issued in a press release prior to the call.

Investors are invited to attend by registering in advance here. All relevant information will be sent upon registration. A replay of the webinar will also be available shortly after the call in the Investors section of Innoviz's website for 90 days.

About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 direct supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit www.innoviz-tech.com

Join the discussion: Facebook, LinkedIn, YouTube, Twitter

Media Contact
Media@innoviz-tech.com

Investor Contact
Investors@innoviz-tech.com

Logo - https://mma.prnewswire.com/media/1496323/Innoviz_Technologies_Logo.jpg

Cision View original content:https://www.prnewswire.com/news-releases/innoviz-sets-first-quarter-2024-conference-call-for-wednesday-may-8-at-900-am-et-302119283.html

Recent LinkedIn post.
https://www.linkedin.com/mwlite/feed/posts/murray-newton-b311656b_hydrogen-localmanufacturing-zeroemissions-activity-7188269845484912641-D59l

Repost from NKLA board (related to my previous post), courtesy of TheKRA.

From Nikol's X page

We attended the grand opening of FirstElement Fuel's hydrogen refueling station, strategically located near the Port of Oakland! The Oakland station’s fast-fill lane is a prime example of the synergies between Nikola’s advanced truck technology as well as FEF’s station capabilities. Learn more about this partnership:

https://nikolamotor.com/nikola-and-firstelement-fuel-forge-10-year-strategic-partnership-to-advance-hydrogen-fueling-infrastructure

We attended the grand opening of FirstElement Fuel's hydrogen refueling station, strategically located near the Port of Oakland! The Oakland station’s fast-fill lane is a prime example of the synergies between Nikola’s advanced truck technology as well as FEF’s station… pic.twitter.com/Kszfic0JMx

— Nikola Corporation (@nikolamotor) April 24, 2024

EVgo to Report First Quarter 2024 Results on May 7, 2024
April 24 2024
https://ih.advfn.com/stock-market/NASDAQ/evgo-EVGO/stock-news/93706184/evgo-to-report-first-quarter-2024-results-on-may-7

EVgo Inc. (Nasdaq: EVGO), (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that it will release its first quarter 2024 financial results on Tuesday, May 7, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. PT (11 a.m. ET).

EVgo First Quarter 2024 Webcast
When: Tuesday, May 7, 2024
Time: 8 a.m. PT (11 a.m. ET)
Live Webcast: https://investors.evgo.com/events-and-presentations

The call can also be accessed live over the telephone by dialing:
Toll Free: (888) 340-5044 (for U.S. callers)
Toll/International: (646) 960-0363 (for callers outside the U.S.)
Conference ID: 6304708

A copy of the press release with the financial results and the presentation discussed during the webcast will be available on the Investor Relations section of EVgo's website prior to the commencement of the webcast. An archive of the webcast will be available for a period of time shortly after the call on the Events & Presentations page in the Investor Relations section of EVgo’s website.

About EVgo

EVgo (Nasdaq: EVGO) is a leader in electric vehicle charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. EVgo is one of the nation’s largest public fast charging providers, featuring over 950 fast charging locations across more than 35 states, including stations built through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables a world-class charging experience where drivers live, work, travel and play.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240424533030/en/

For Investors:
investors@evgo.com

For Media:
press@evgo.com

As a follow up to my previous posts, for context, current Nikola FCEV trucks have a hydrogen fuel tank capacity of 70 kg, and range of 500 miles. Thus, if the hydrogen refueling station has a refueling rate capacity of 100 kg H2 in 10 minutes, a next generation Nikola FCEV truck with a larger tank capacity of 100kg, could travel 715 miles and refuel in 10 minutes (conservatively assuming no advancements in fuel cell efficiency).

As a follow up to my previous posts, for context, current Nikola FCEV trucks have a hydrogen fuel tank capacity of 70 kg, and range of 500 miles. Thus, if the hydrogen refueling station has a refueling rate capacity of 100 kg H2 in 10 minutes, a next generation Nikola FCEV truck with a larger tank capacity of 100kg, could travel 715 miles and refuel in 10 minutes (conservatively assuming no advancements in fuel cell efficiency).

Recent Linkedin post.
https://www.linkedin.com/posts/jorgwimbert_come-by-our-nikola-booth-next-to-the-mobility-activity-7188684145101885441-7UR_/