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Posted 7 hrs ago.
Posted 7 hrs ago.
Posted 7 hrs ago.
NIKOLA PRODUCES 43, WHOLESALES 40 HYDROGEN TRUCKS IN Q1 2024 | NKLA Stock News
UON News EV
800 subscribers
Posted Apr 4, 2024
Transcript: Nikola Corporation reported a productive Q1 2024, manufacturing 43 Class 8 Nikola hydrogen fuel cell electric trucks. They've also started to return battery-electric trucks to their customers. In Q1, a total of 40 Class 8 trucks went to dealers for end customers. Three unsold hydrogen trucks from Q1 are destined to be delivered this April. Nikola plans to continue expanding its operations, geared by their first modular refueling station based in Ontario, California. The trucks are assembled in Coolidge, Arizona. Final financial statements for Q1 2024 are yet to come.
CM, I hope so, it would help drive the share price higher and keep it above $1 to regain compliance.
California HVIP voucher data has been updated to March 31, 2024. New Unredeemed voucher for Nikola so far in 2024, 7 for BEV trucks (up from 0 at end of February), and 18 for hydrogen FCEV (up from 8 at end of February).
Link https://californiahvip.org/impact/#deployed-vehicle-mapping-tool
Hyliion - April 4th Karno Showcase And A Few Other Points
Freeman Jones
Posted Mar 30, 2024
UK, agree, and perhaps more importantly, the hydrogen FCEV trucks are performing well and are receiving great reviews from customers.
Advent Technologies Signs Strategic Joint Development Agreement with Siemens Energy to Expedite the Decarbonization of the Maritime Sector
04/04/2024
https://ir.advent.energy/news/news-details/2024/Advent-Technologies-Signs-Strategic-Joint-Development-Agreement-with-Siemens-Energy-to-Expedite-the-Decarbonization-of-the-Maritime-Sector/default.aspx
BOSTON--(BUSINESS WIRE)-- Advent Technologies Holdings, Inc., an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that its wholly owned subsidiary, Advent Technologies A/S (“Advent”), has signed a Joint Development Agreement (“JDA”) with Siemens Energy, one of the world's leading energy technology companies.
The newly signed JDA outlines the collaboration between Advent and Siemens Energy, combining Advent's HT-PEM fuel cell 50kW modules utilizing its innovative Ion-Pair™ membrane electrode assembly (MEA) technology with Siemens Energy's electrification and automation solutions for hybrid and electric vessels.
The goal is to develop an integrated 500kW High-Temperature Proton Exchange Membrane (“HT-PEM”) fuel cell solution for maritime applications and then evaluate to scale down/up the system to fit with market requirements from motor and Giga Yachts to ferries and container/commercial ships.
The innovative clean energy solution resulting from this multi-year collaboration is expected to initially address the power needs of large yachts. Subsequently, plans are underway to broaden its application to include ferries and commercial/container vessels.
The initial prototype testing for the HT-PEM fuel cell module is expected to take place at Siemens Energy's testing facility in Erlangen, Germany, in 2025, with the testing of the first fuel cell module scheduled for completion in 2026. Advent is currently engaging with world-leading customers in the maritime industry and anticipates signing commercial term sheets in the near term to pursue upcoming Requests for Proposals (RFPs).
This agreement builds upon the strong collaboration between Advent and Siemens Energy, which began in February 2022 with the Sanlorenzo Life Ocean pilot project. In this project, the companies jointly developed a marine HT-PEM fuel cell solution to provide clean power for hotel functions aboard a 50-meter Sanlorenzo superyacht. Additionally, in March 2024, Advent and Siemens Energy deepened their collaboration by joining as consortium partners in the RiverCell 3 research and development project, which is partially funded by the German Federal Ministry for Digital and Transport as part of the National Innovation Programme Hydrogen and Fuel Cell Technology.
Advent Technologies' HT-PEM fuel cells utilizing the innovative Ion Pair™ MEA technology, offer high-temperature operation between 80°C and 240°C. This advancement extends their lifespan by at least threefold and doubles the power density compared to earlier Advent systems. Additionally, Advent’s HT-PEM fuel cell technology enables the use of liquid green fuels like eMethanol, enhancing efficiency by utilizing both heat and electricity, resulting in high resilience. These fuel cells can function with impure hydrogen, impure air intake, and in extreme ambient temperature and humidity conditions, making them an ideal choice for widespread adoption in the maritime industry.
As the world advances towards extensive green hydrogen production, eMethanol emerges as a leading choice for marine fuel in the maritime industry, promising a potential 100% reduction in CO2 emissions. Methanol and its derivatives function as versatile energy carriers and storage solutions, efficiently releasing hydrogen catalytically through fuel reformers. With its efficient storage capabilities, ease of handling, and utilization of existing infrastructure for transportation, methanol stands as a secure and economically viable alternative to fossil fuels.
Advent’s Chaiman and CEO, Dr. Vasilis Gregoriou, commented: “The Advent team is thrilled to witness Siemens Energy's recognition of the immense potential of HT-PEM fuel cell technology in maritime applications. After two years of intensive collaboration, we stand prepared for the next stage, with the goal of positioning HT-PEM fuel cell technology as a pivotal element in global decarbonization initiatives, working towards achieving net-zero emissions in the maritime sector by 2050. We look forward to maintaining our collaborative momentum, combining our extensive fuel cell expertise with Siemens Energy's unparalleled experience in electrification and automation solutions, to collectively pave the way for a more sustainable future in maritime operations worldwide.”
About Advent Technologies Holdings, Inc
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions, suitable for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Gorilla Reports Record 2023 Financial Results
April 4, 2024
https://investors.gorilla-technology.com/news-releases/news-release-details/gorilla-reports-record-2023-financial-results
Highlights
-- 2023 revenues up 189% YoY compared to 2022, highlighting continued success globally --
-- High value product and services business model reflected in 2023 gross margin of 69% --
-- Total net income of $19.9 million, compared to ($87.5 million), a 123% increase YoY --
-- Adj. EBITDA of $29.0 million, compared to ($6.0) million, a 587% increase YoY --
Podcast: Benefits of Iron Flow Battery Storage Technology Detailed by Burbank Water and Power’s Mandip Samra
Link to Podcast: https://energycentral.com/c/gr/benefits-iron-flow-battery-storage-technology-detailed-burbank-water-and-power%E2%80%99s
California public power utility Burbank Water and Power on April 5 is scheduled to hold a ribbon cutting for a new iron flow battery storage project. Among the benefits of iron flow battery storage technology is the useful life of the battery, which is expected to be 25 years, as compared with 10 years for other types of storage technology, said Mandip Samra, Assistant General Manager for Power Supply at Burbank Water and Power, in the latest episode of the American Public Power Association's Public Power Now podcast.
Hyzon: Welcome to the New Industrial Revolution
Hyzon
1.44K subscribers
Posted Apr 2, 2024
A sustainable future demands clean-powered industries. At Hyzon, we’re decarbonizing industry in ways previously impossible, using hydrogen to power heavy-duty jobs. Our Chief Executive Officer (CEO) Parker Meeks welcomes you to the new industrial revolution—powered by hydrogen, made possible by Hyzon.
Related video.
Related video.
New Texas Fuel Cell Gigafactory Pours More Cold Water On Clean Power Foes
23 hours ago
https://cleantechnica.com/2024/04/01/new-texas-fuel-cell-gigafactory-pours-more-cold-water-on-clean-power-foes/
New Texas Fuel Cell Gigafactory Pours More Cold Water On Clean Power Foes
23 hours ago
https://cleantechnica.com/2024/04/01/new-texas-fuel-cell-gigafactory-pours-more-cold-water-on-clean-power-foes/
I wonder if this new manufacturing approach by Tesla would work for Nikola as well.
Tesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly Line
Mar 28, 2024
https://www.bnnbloomberg.ca/tesla-s-25-000-car-means-tossing-out-the-100-year-old-assembly-line-1.2052740
Relevant excerpts:
"The company is moving to what it calls an “unboxed” approach, which is more like building Legos than a traditional production line. Instead of a large, rectangular car moving along a linear conveyer belt, parts are assembled simultaneously in dedicated areas and then all put together at the end. Tesla says the change could reduce manufacturing footprints by more than 40%, allowing the carmaker to build future plants far faster and at less expense."
"If the new assembly process is successful, Tesla says it can slash production costs in half."
I wonder if this new manufacturing approach by Tesla, would also work for fuel cell manufacturing.
Tesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly Line
Mar 28, 2024
https://www.bnnbloomberg.ca/tesla-s-25-000-car-means-tossing-out-the-100-year-old-assembly-line-1.2052740
Relevant excerpts:
"The company is moving to what it calls an “unboxed” approach, which is more like building Legos than a traditional production line. Instead of a large, rectangular car moving along a linear conveyer belt, parts are assembled simultaneously in dedicated areas and then all put together at the end. Tesla says the change could reduce manufacturing footprints by more than 40%, allowing the carmaker to build future plants far faster and at less expense."
"If the new assembly process is successful, Tesla says it can slash production costs in half."
California HVIP voucher data not available for last couple of days, likely being updated (link https://californiahvip.org/impact/#deployed-vehicle-mapping-tool).
It does provide a link to the following interesting summary report for 2023. HVIP Drayage and Truck Summary: 2023 Year in Review
Cabel, I took the liberty of fixing the video link in your previous post.
Hydrogen Semi-Trucks: A "Total Failure" In The Making.
Visceral Ace
9.22K subscribers
Posted Apr 1, 2024
In this video, I explain why hydrogen fueling stations are gaining traction, for Class 8 semi trucks!
XOS shares upgraded to buy by DA Davidson
Published 2024-04-01
https://ca.investing.com/news/stock-market-news/xos-shares-upgraded-to-buy-by-da-davidson-93CH-3329067
On Monday, DA Davidson shifted its stance on XOS Inc. (NASDAQ: XOS), upgrading the stock from Neutral to Buy, while maintaining a price target of $17.00. The upgrade follows XOS's fourth-quarter results for 2023, which have contributed to a more optimistic outlook for the electric vehicle (EV) truck manufacturer.
The firm's decision comes on the heels of the company's recent acquisition of SOLO, completed last week, which has significantly improved XOS's financial outlook. The analyst noted that the acquisition might enable XOS to eliminate the "going concern" provision from its financial statements, indicating a more stable financial position.
XOS's recent deal to supply powertrains to a leading electric bus provider was also highlighted as a key factor behind the upgrade. This development is seen as a strong endorsement of XOS's technology and its potential within the EV industry.
The analyst expressed confidence in the company's trajectory, citing the return of customers and their increasing orders for more trucks. This customer loyalty and growing demand are viewed as positive indicators for XOS's performance in the competitive EV market.
DA Davidson's maintained price target of $17.00 reflects a steady outlook for XOS's share value, underpinned by recent strategic moves and partnerships that could position the company favorably in the evolving EV landscape.
InvestingPro Insights
Following DA Davidson's upgrade, real-time data from InvestingPro provides a deeper look into XOS Inc.'s financial health and market performance. With a market capitalization of $61.14 million, XOS shows a significant revenue growth of 22.4% in the last twelve months as of Q4 2023. This growth trajectory is underscored by an impressive quarterly revenue growth of 114.4% in Q4 2023, signaling potential in the company's operational expansion and market penetration.
Despite these promising signs, XOS faces challenges highlighted by InvestingPro Tips. The company's stock price has experienced substantial volatility, and analysts are not expecting profitability this year, which is reflected in the negative P/E ratio of -0.8. Additionally, with a gross profit margin of -2.9%, XOS is grappling with weak gross profit margins, emphasizing the need for improved cost management and operational efficiency.
Investors may take note of the company's ability to maintain liquidity, as indicated by liquid assets exceeding short-term obligations. This aspect of XOS's financial position could provide some reassurance amidst the high price volatility of its stock.
BofA Securities 2024 Automotive Summit
NYC, USA, Mar 27, 2024
Link to webcast https://bofa.veracast.com/webcasts/bofa/automotive2024/idjUCg63.cfm
Australia, US See Low Cost Green Hydrogen On Horizon
2 days ago
https://cleantechnica.com/2024/03/29/australia-us-see-low-cost-green-hydrogen-on-horizon/
Australia, US See Low Cost Green Hydrogen On Horizon
2 days ago
https://cleantechnica.com/2024/03/29/australia-us-see-low-cost-green-hydrogen-on-horizon/
Australia, US See Low Cost Green Hydrogen On Horizon
2 days ago
https://cleantechnica.com/2024/03/29/australia-us-see-low-cost-green-hydrogen-on-horizon/
Treasury hearing told to incentivise nuclear for hydrogen under IRA rules
By Charlie Currie
on Mar 27, 2024
https://www.h2-view.com/story/treasury-hearing-told-to-incentive-nuclear-for-hydrogen-under-ira-rules/2108026.article/
Treasury hearing told to incentivise nuclear for hydrogen under IRA rules
By Charlie Currie
on Mar 27, 2024
https://www.h2-view.com/story/treasury-hearing-told-to-incentive-nuclear-for-hydrogen-under-ira-rules/2108026.article/
Treasury hearing told to incentivise nuclear for hydrogen under IRA rules
By Charlie Currie
on Mar 27, 2024
https://www.h2-view.com/story/treasury-hearing-told-to-incentive-nuclear-for-hydrogen-under-ira-rules/2108026.article/
Mobilicom Reports 2023 Year-End Financial Results
March 26 2024
https://ih.advfn.com/stock-market/NASDAQ/mobilicom-MOB/stock-news/93549314/mobilicom-reports-2023-year-end-financial-results
Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced financial results for the year ended December 31, 2023.
Recent Operational Highlights:
- Received initial production-scale order in Q3 2023 followed by additional quantity-increase order in Q4 2023 from U.S. Tier-1 drone manufacturer which delivers to the U.S. Department of Defense (“DOD”)
- Chosen by the U.S.DOD for Soldiers' Next Generation Wearable Tactical AI-Enhanced Mission Kits
- Secured $900,000 initial production-scale order from global Tier-1 Israeli-based manufacturer for loitering (kamikaze) drones platform
- Secured initial production-scale order from another global Tier-1 Israeli-based manufacturer for use by the Israeli Defense Forces
- Secured license-based order for ICE Cybersecurity from Israel’s Ministry of Defense for its small-sized drone program
- Launched MCU-70, cybersecure SDR Product with high size-to-performance ratio addressing new target market for mid-sized long-range UAVs
2023 Financial Highlights:
- Revenues increased 43% year-over-year to $2.3 million driven by repeat orders
- Gross margin remained high, at 59% compared to 62% in 2022, reflects our strong IP and know-how
- Confirmed order backlog of $1.4 million expected to be fulfilled in first half of 2024
- Strong cash position of $8.4 million with narrowing monthly burn rate affords Mobilicom a long cash runway to implement its strategic plans, capture market share, and ramp revenues
- Completed $2.95 million capital raise in January 2024 adding to strong cash position at year-end
- EBITDA decreased from approximately $(3.2) million as of December 31, 2022 to approximately $(4.2) million as of December 31, 2023.
“2023 was a transformative year for Mobilicom marked by several initial commercial scale orders from large global defense manufacturers. Our cybersecure systems are now integrated into drones and robotics purchased by the U.S. Department of Defense, Israel’s Ministry of Defense and others” stated Mobilicom CEO and Founder Oren Elkayam. “Our revenue growth, driven by our design win customer- based expansion demonstrates Mobilicom ability to deliver end-to-end systems that operate effectively under the most difficult conditions.”
“During the year, we expanded our U.S. market presence and business activities, product line and market segments. We’ve had great traction with our newly launched MCU-70, a cybersecure software defined radio that expands our reach into mid-sized and long-range unmanned aerial vehicles (UAVs) that delivers a superior size-to-performance ratio. Our solutions are now used in a broad range of systems from mini and small-sized drones to high-speed mid-range drone and robotics.”
“We foresee a strong financial start for 2024 based on our $1.4 million sales backlog. We anticipate additional repeat orders as well as new contracts to drive 2024 revenues. We believe that with $8.4 million in cash at the end of 2023 plus the recent $3 million fund raise in January, we are well positioned to continue to innovate, grow, and become a leading provider of cybersecure solutions for the global small-sized drone and robotics industry.”
Key Sales and Contracts by Region:
United States
U.S. DoD/Leading robotics manufacturer: The U.S. DoD chose Mobilicom’s SkyHopper to be integrated into the soldiers’ next-generation wearable tactical AI-enhanced mission kits made by a leading robotics manufacturer for the U.S. defense industry, and will be integrated into the RAID System, a fully integrated communications and common control solution for uncrewed systems on land and air.
Repeat initial commercial-scale order from a U.S. Tier-1 defense manufacturer: Mobilicom received a follow-on order from a U.S.-based Tier-1 customer for its SkyHopper PRO, an essential component of the customer’s drone platform manufactured for the U.S. defense industry and other U.S. federal agencies.
Initial $150,000 order for high-payload long-range drones: This design win and initial order for two products—Mobile Ground Control Stations and the SkyHopper Pro V datalinks, is with a new customer, an innovative drone designer and manufacturer that serves commercial and defense customers in the U.S. and globally. Mobilicom’s systems will be integrated into high-payload long- range drones that are set for intensive commercial demonstrations to leading defense and commercial end users across the U.S.
Tier-1 customer purchases: One of the world’s large manufacturers of small-sized drones and robotics has integrated Mobilicom’s SkyHopper PRO into its new small-sized drone platform and placed an initial commercial-scale order. The customer’s small-sized drones are being manufactured for the U.S. DoD.
Europe
Initial order from one of Europe’s largest defense contractors: The customer is integrating two of Mobilicom’s products—the Mobile Ground Control Station and MCU Mesh networking into a paired, networked ground vehicle and drone system. This Tier-1 company serves the European market where NATO countries have increased their defense budgets significantly in response to the Russia-Ukraine conflict.
Israel and ROW
$900,000 initial production-scale order from Tier-1 customer: An Israel-based Tier-1 global defense and drone manufacturer, one of the largest loitering munitions providers in the world, moved from design to initial commercial-phase with Mobilicom’s SkyHopper, which is integrated into its loitering munitions. Shipments commenced in Q4 2023 and continued into Q1 2024. Driven by the high replacement rates of loitering munitions, Mobilicom expects follow-on orders and further demand.
United Arab Emirates (UAE): Mobilicom secured a repeat order for its robust end-to-end solutions from a leading UAE government organization. The customer purchased Mobilicom’s entire product offering, including hardware and software.
Israel Ministry of Defense: The Company’s ICE Cybersecurity software drone solution was purchased by Israel’s Ministry of Defense to be used in small-sized drones for reconnaissance, surveillance, and intelligence gathering. The initial order was fully delivered in January 2024, with additional orders and deliveries expected in Q2 2024 and beyond.
Initial production-scale order from another Israeli-based global Tier-1 manufacturer: Mobilicom secured a new initial production-scale order for its SkyHopper Pro Lite from Israel’s major aerospace and aviation manufacturer for loitering drones to be deployed by the Israel Defense Forces. This follows a successful integration and testing of SkyHopper Pro in loitering drones. This order is planned to ship in Q1 2024 and is expected to be followed by larger purchases as the manufacturer demonstrates the drones to other potential customers worldwide including the U.S. DoD.
Leading global provider of autonomous and remote-controlled armor technology selected Mobilicom solutions: Based on a previous design win, Mobilicom’s Mobile Ground Control Station 10” Pro, MCU Mesh Networking, and SkyHopper are being installed into autonomous and remote-controlled electric vehicles for the homeland security and defense markets.
About Mobilicom
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.
For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com
Second Chance For Nikola? Electric Trucks Return To Customers After Fire Recalls With New Features
by
Anan Ashraf, Benzinga Editor
March 29, 2024
https://www.benzinga.com/news/24/03/38001915/second-chance-for-nikola-electric-trucks-return-to-customers-after-fire-recalls-with-new-features
HYLA Site Launch | Ontario, Ca.
Nikola Motor Company
43.6K subscribers
Posted Mar 29, 2024
Our mission to decarbonize commercial transportation is making waves. With the launch of the first HYLA hydrogen modular refueling station and plans for expansion, we're committed to reducing emissions and building a better environment for generations to come.
HYLA Site Launch | Ontario, Ca.
Nikola Motor Company
43.6K subscribers
Posted Mar 29, 2024
Our mission to decarbonize commercial transportation is making waves. With the launch of the first HYLA hydrogen modular refueling station and plans for expansion, we're committed to reducing emissions and building a better environment for generations to come.
Biden-Harris Administration Announces $4 Billion in Tax Credits to Build Clean Energy Supply Chain, Drive Investments, and Lower Costs in Energy Communities
MARCH 29, 2024
https://www.energy.gov/articles/biden-harris-administration-announces-4-billion-tax-credits-build-clean-energy-supply
Biden-Harris Administration Announces $4 Billion in Tax Credits to Build Clean Energy Supply Chain, Drive Investments, and Lower Costs in Energy Communities
MARCH 29, 2024
https://www.energy.gov/articles/biden-harris-administration-announces-4-billion-tax-credits-build-clean-energy-supply
Biden-Harris Administration Announces $4 Billion in Tax Credits to Build Clean Energy Supply Chain, Drive Investments, and Lower Costs in Energy Communities
MARCH 29, 2024
https://www.energy.gov/articles/biden-harris-administration-announces-4-billion-tax-credits-build-clean-energy-supply
Repost from FCEL board, courtesy of Hoghead7.
Relevance to Plug Power:
- https://www.chemengonline.com/plug-power-and-chart-industries-to-build-two-hydrogen-liquefaction-plants-in-the-u-s/
- https://investors.bakerhughes.com/news-releases/news-release-details/plug-power-chart-industries-and-baker-hughes-announce-their/
- https://www.globenewswire.com/news-release/2020/10/01/2102441/0/en/Chart-Industries-Expands-Liquid-Hydrogen-and-LNG-Business-with-Strategic-Agreements.html
Chart Industries (GTLS)
Source: petrmalinak / Shutt anderstock
A champion for sustainable a sustainable future, Chart Industries (NYSE:GTLS) is a leader in engineered services for clean energy.
Chart Industries’ main cryo tank solutions and heat transfer systems segments play a big role in the hydrogen market. The solutions provide storage, distribution, and application solutions for various hydrocarbons and industrial gases and supply equipment for hydrocarbon and gas separation, liquefaction, and purification.
Newsweek recognizes Chart Industry’s commitment to ESG and social responsibility, earning it a spot in the periodical’s list of America’s most responsible companies in 2024.
GTLS reported strong full-year results for 2023. Sales reached $3.35 billion, representing a near 108% growth from the $1.61 billion it reported in fiscal year 2022. Net income attributable to the company also accelerated from $24 million to $47.3 million in fiscal year 2023.
Furthermore, Chart Industries reported accelerated spending in 2023 due to acquisitions and integrations. However, its recent integration with Howden helped the company exceed its cost synergy and achieve its commercial targets ahead of schedule.
For 2024, Chart Industries expects total sales growth of 28% to 37% and adjusted EBITDA growth of 52% to 68%. Its impressive growth numbers and optimistic outlook show the company has more than enough room for growth for value-hungry investors.
Still waiting for:
"The U.S. Energy Dept. is set to finalize by the end of March a $1.6-billion loan to clean energy technology firm Plug Power Inc. to build six U.S. green hydrogen production plants, company executives told analysts and investors on Jan. 23. Construction would start in the second half of 2024, with plans to produce 500 tons per day domestically by the end of 2025."
Link https://www.enr.com/articles/58068-green-hydrogen-pioneer-plug-power-to-build-6-plants-with-big-us-loan dated January 29, 2024
Biden administration rolls out strongest pollution standards for heavy-duty trucks and buses
March 29, 2024
https://edition.cnn.com/2024/03/29/climate/biden-administration-rule-heavy-duty-trucks-buses/index.html
One week after rolling out the country’s strongest-ever federal tailpipe standards for the cars most Americans drive, the Biden administration is doing the same with the biggest, most polluting vehicles on the roads: buses, commercial vans and freight trucks.
The new rules for heavy-duty vehicles bear many similarities to their counterparts for smaller cars and trucks and will push the industry toward zero-emission technology. The Environmental Protection Agency estimates the changes will cut 1 billion tons of planet-warming pollution by 2055.
“I’m so proud to announce that EPA is finalizing the strongest national greenhouse gas standards for heavy-duty vehicles in history,” Environmental Protection Agency administrator Michael Regan told reporters.
The rule is technology-neutral, meaning vehicle manufacturers can meet the standards how they choose: advanced internal combustion engine vehicles, hybrid vehicles, plug-in hybrid electric vehicles, battery electric vehicles and hydrogen fuel cell vehicles.
However, the rule won’t necessarily mean there will be many more electric heavy-duty trucks on the roads in the coming years. By the early 2030s, EPA modeling predicts between 12-25% of the biggest freight trucks on the road will be zero-emissions vehicles. For smaller classes, like beverage or dump trucks, it could be closer to 40%.
Like its light-duty counterpart, the new standards will be phased in gradually, giving vehicle manufacturers flexibility and allowing more time for clean fuel infrastructure to get up and running. The standards will ramp up more stringently after 2030.
While the light-duty cars and trucks that most Americans drive are the biggest contributors to transportation pollution, medium and heavy-duty trucks play an outsized role: They represent about 5% of the overall vehicle fleet, but contribute about 20% of total transportation climate pollution, according to White House national climate adviser Ali Zaidi.
Still, moving big trucks to cleaner fuels isn’t as easy as buying an EV. These vehicles – especially long-haul freight trucks – need to travel long distances and be able to carry heavy loads. Hydrogen fuel cell trucks are better for those reasons, but the technology is still relatively nascent compared to battery-electric models.
“We are making deep cuts to emissions from our nation’s transportation sector investing billions of dollars to replace older vehicles and engines with cleaner alternatives and creating thousands of good paying American jobs in the process,” Regan said.
Another issue is cost, as many cleaner vehicles are more expensive than diesel vehicles.
Biden administration strengthens Endangered Species Act protections weakened under Trump
The trucking industry has been split on the new rules. Some manufacturers like Ford and Cummins are supportive of the EPA’s timeline. But several industry groups, including one representing small business truckers, have voiced concerns about meeting the regulatory timeline.
“We are concerned that the final rule will end up being the most challenging, costly and potentially disruptive heavy-duty emissions rule in history,” said Jed Mandel, president of the Truck and Engine Manufacturers Association. To be successful in the transition, “all parties need to be better aligned on the realistic timing for delivering the products and infrastructures critical to achieving the successful outcome we all want.”
White House national climate adviser Ali Zaidi pointed to tax credits that can be used to defray the cost of buying clean commercial vehicles. The Biden administration has also made clean buses a major priority, replacing diesel school buses all over the country and awarding federal funding for some municipalities to replace their public buses, too.
Officials and environmental groups said the rule is major step forward for public health and environmental justice in communities near major trucking corridors.
“Today’s announcement is a big one in terms of cleaning up the pollution from these vehicles on our roads and highways and importantly, the pollution that impacts our communities and our kids,” Zaidi said.
Biden administration rolls out strongest pollution standards for heavy-duty trucks and buses
March 29, 2024
https://edition.cnn.com/2024/03/29/climate/biden-administration-rule-heavy-duty-trucks-buses/index.html
One week after rolling out the country’s strongest-ever federal tailpipe standards for the cars most Americans drive, the Biden administration is doing the same with the biggest, most polluting vehicles on the roads: buses, commercial vans and freight trucks.
The new rules for heavy-duty vehicles bear many similarities to their counterparts for smaller cars and trucks and will push the industry toward zero-emission technology. The Environmental Protection Agency estimates the changes will cut 1 billion tons of planet-warming pollution by 2055.
“I’m so proud to announce that EPA is finalizing the strongest national greenhouse gas standards for heavy-duty vehicles in history,” Environmental Protection Agency administrator Michael Regan told reporters.
The rule is technology-neutral, meaning vehicle manufacturers can meet the standards how they choose: advanced internal combustion engine vehicles, hybrid vehicles, plug-in hybrid electric vehicles, battery electric vehicles and hydrogen fuel cell vehicles.
However, the rule won’t necessarily mean there will be many more electric heavy-duty trucks on the roads in the coming years. By the early 2030s, EPA modeling predicts between 12-25% of the biggest freight trucks on the road will be zero-emissions vehicles. For smaller classes, like beverage or dump trucks, it could be closer to 40%.
Like its light-duty counterpart, the new standards will be phased in gradually, giving vehicle manufacturers flexibility and allowing more time for clean fuel infrastructure to get up and running. The standards will ramp up more stringently after 2030.
While the light-duty cars and trucks that most Americans drive are the biggest contributors to transportation pollution, medium and heavy-duty trucks play an outsized role: They represent about 5% of the overall vehicle fleet, but contribute about 20% of total transportation climate pollution, according to White House national climate adviser Ali Zaidi.
Still, moving big trucks to cleaner fuels isn’t as easy as buying an EV. These vehicles – especially long-haul freight trucks – need to travel long distances and be able to carry heavy loads. Hydrogen fuel cell trucks are better for those reasons, but the technology is still relatively nascent compared to battery-electric models.
“We are making deep cuts to emissions from our nation’s transportation sector investing billions of dollars to replace older vehicles and engines with cleaner alternatives and creating thousands of good paying American jobs in the process,” Regan said.
Another issue is cost, as many cleaner vehicles are more expensive than diesel vehicles.
Biden administration strengthens Endangered Species Act protections weakened under Trump
The trucking industry has been split on the new rules. Some manufacturers like Ford and Cummins are supportive of the EPA’s timeline. But several industry groups, including one representing small business truckers, have voiced concerns about meeting the regulatory timeline.
“We are concerned that the final rule will end up being the most challenging, costly and potentially disruptive heavy-duty emissions rule in history,” said Jed Mandel, president of the Truck and Engine Manufacturers Association. To be successful in the transition, “all parties need to be better aligned on the realistic timing for delivering the products and infrastructures critical to achieving the successful outcome we all want.”
White House national climate adviser Ali Zaidi pointed to tax credits that can be used to defray the cost of buying clean commercial vehicles. The Biden administration has also made clean buses a major priority, replacing diesel school buses all over the country and awarding federal funding for some municipalities to replace their public buses, too.
Officials and environmental groups said the rule is major step forward for public health and environmental justice in communities near major trucking corridors.
“Today’s announcement is a big one in terms of cleaning up the pollution from these vehicles on our roads and highways and importantly, the pollution that impacts our communities and our kids,” Zaidi said.
Biden administration rolls out strongest pollution standards for heavy-duty trucks and buses
March 29, 2024
https://edition.cnn.com/2024/03/29/climate/biden-administration-rule-heavy-duty-trucks-buses/index.html
One week after rolling out the country’s strongest-ever federal tailpipe standards for the cars most Americans drive, the Biden administration is doing the same with the biggest, most polluting vehicles on the roads: buses, commercial vans and freight trucks.
The new rules for heavy-duty vehicles bear many similarities to their counterparts for smaller cars and trucks and will push the industry toward zero-emission technology. The Environmental Protection Agency estimates the changes will cut 1 billion tons of planet-warming pollution by 2055.
“I’m so proud to announce that EPA is finalizing the strongest national greenhouse gas standards for heavy-duty vehicles in history,” Environmental Protection Agency administrator Michael Regan told reporters.
The rule is technology-neutral, meaning vehicle manufacturers can meet the standards how they choose: advanced internal combustion engine vehicles, hybrid vehicles, plug-in hybrid electric vehicles, battery electric vehicles and hydrogen fuel cell vehicles.
However, the rule won’t necessarily mean there will be many more electric heavy-duty trucks on the roads in the coming years. By the early 2030s, EPA modeling predicts between 12-25% of the biggest freight trucks on the road will be zero-emissions vehicles. For smaller classes, like beverage or dump trucks, it could be closer to 40%.
Like its light-duty counterpart, the new standards will be phased in gradually, giving vehicle manufacturers flexibility and allowing more time for clean fuel infrastructure to get up and running. The standards will ramp up more stringently after 2030.
While the light-duty cars and trucks that most Americans drive are the biggest contributors to transportation pollution, medium and heavy-duty trucks play an outsized role: They represent about 5% of the overall vehicle fleet, but contribute about 20% of total transportation climate pollution, according to White House national climate adviser Ali Zaidi.
Still, moving big trucks to cleaner fuels isn’t as easy as buying an EV. These vehicles – especially long-haul freight trucks – need to travel long distances and be able to carry heavy loads. Hydrogen fuel cell trucks are better for those reasons, but the technology is still relatively nascent compared to battery-electric models.
“We are making deep cuts to emissions from our nation’s transportation sector investing billions of dollars to replace older vehicles and engines with cleaner alternatives and creating thousands of good paying American jobs in the process,” Regan said.
Another issue is cost, as many cleaner vehicles are more expensive than diesel vehicles.
Biden administration strengthens Endangered Species Act protections weakened under Trump
The trucking industry has been split on the new rules. Some manufacturers like Ford and Cummins are supportive of the EPA’s timeline. But several industry groups, including one representing small business truckers, have voiced concerns about meeting the regulatory timeline.
“We are concerned that the final rule will end up being the most challenging, costly and potentially disruptive heavy-duty emissions rule in history,” said Jed Mandel, president of the Truck and Engine Manufacturers Association. To be successful in the transition, “all parties need to be better aligned on the realistic timing for delivering the products and infrastructures critical to achieving the successful outcome we all want.”
White House national climate adviser Ali Zaidi pointed to tax credits that can be used to defray the cost of buying clean commercial vehicles. The Biden administration has also made clean buses a major priority, replacing diesel school buses all over the country and awarding federal funding for some municipalities to replace their public buses, too.
Officials and environmental groups said the rule is major step forward for public health and environmental justice in communities near major trucking corridors.
“Today’s announcement is a big one in terms of cleaning up the pollution from these vehicles on our roads and highways and importantly, the pollution that impacts our communities and our kids,” Zaidi said.