Nikola Corporation (NKLA)

[srm4u]

it looks like Shell has it's own plan, to convert their existing stations to hydrogen......

Collaboration Brings More Hydrogen Stations
Shell currently operates two hydrogen refueling stations in California, located in Newport Beach and Torrance. Additionally, in collaboration with Honda and Toyota, Shell is bringing seven new hydrogen refueling stations to the state; three in the city of San Francisco, and one in each of Berkeley, Sacramento, Citrus Heights and Walnut Creek. The hydrogen refueling stations will be installed in strategic locations within the existing network of Shell-branded retail stations, offering existing and future fuel cell electric vehicle drivers high-quality service with simple and straightforward car refueling in minutes.
https://www.shell.us/about-us/features-and-highlights/hydrogen-for-fuel-cell-electric-vehicle-and-heavy-duty-trucks.html
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Shell to cut up to 9,000 jobs in shift to low-carbon energy
9/30/2020
Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels.

The Anglo-Dutch company said Wednesday that it would cut between 7,000 and 9,000 positions by the end of 2022, potentially affecting more than 10% of its workforce. The total includes 1,500 people who have volunteered to leave the company this year.

The job losses are part of an overhaul aimed at cutting costs and simplifying the company's structure as it moves into low-carbon energy. Shell expects the overhaul to deliver annual cost savings of up to $2.5 billion by 2022.
https://www.msn.com/en-us/news/us/shell-to-cut-up-to-9-000-jobs-in-shift-to-low-carbon-energy/ar-BB19yLZw
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looks like the race has already started, NKLA will have to do something so they don't fall behind....it's now or never....

Competition
While automotive incumbents, particularly Honda, Hyundai and Toyota, are developing their own FCVs, newcomers are raising significant capital to specialize in hydrogen vehicles, including Grove Hydrogen Automotive and Nikola Motor Company. FCV developers will need to keep costs low to remain competitive with ICE and electric vehicles, and this can be done in a few ways – downsizing the fuel cell stack to reduce the cost of the vehicle itself, ramp up production of fuel cells and ancillary components to achieve fuel cell cost reductions through scale and building out a robust refueling infrastructure for various applications to reduce hydrogen and storage costs.

Auto OEMs have an advantage over newcomers through the ability to scale production and finance the supply chain. For example, FCV startup Grove Automotive is developing innovative passenger vehicles that feature lightweight materials to improve vehicle efficiency and clean production methods, but Toyota, Hyundai and Honda have already sold over 6,500 FCVs in California alone. Toyota, the leading FCV producer, plans to increase annual production to 30,000 by 2020 and Hyundai plans to increase annual production to 40,000 by 2022. This level of scale could help drive down costs and accelerate deployment of FCVs and refueling infrastructure.
https://www.cleantech.com/hydrogen-fuel-cell-vehicles-a-new-path-to-decarbonize-transporation/


Nikola goes forward to getting its fuel cell trucks on the road

Nikola plans to build a network of 700 truck stop-size hydrogen fuel stations across the U.S. and Canada by 2028. The typical facility would occupy seven to 10 acres of land. Nikola would purchase some of the properties and lease others, said Milton, CEO. The company did not provide an estimate of what it expects the stations to cost
https://www.australiahqj.com/2020/07/21/nikola-motor-company-nasdaqnkla-foresees-considerable-shifts-in-the-transportation-sector/

Electric Truckmaker Nikola Buys $50 Million Stake In Indiana Hydrogen Plant
Nikola’s vision for the fuel to power heavy-duty vehicles has been dramatically amplified in the past two years by competing plans by industrial giants including Daimler, Volvo Group, Toyota, Hino, Hyundai, Cummins, General Motors and Navistar. That’s because of a growing consensus that batteries are a viable option for shorter ranges, hauling loads up to 300 miles, while hydrogen is more appealing for long distance and faster refueling.

The Indiana hydrogen plant is to be a “multi-product facility, where the hydrogen can be combusted in a turbine to produce clean base-load power,” said Simon Greenshields, Wabash Valley Resources’ board chairman. “We also look forward to working with Nikola to bring zero-emission transportation solutions to the Midwest.”

Nikola has begun testing prototype versions of its fuel cell Tre trucks in Arizona and German, and will initially sell battery-powered Tres with range of up to 300 miles per charge starting late this year. Volume production of hydrogen-powered Tres begins in 2023.
https://www.forbes.com/sites/alanohnsman/2021/06/22/truckmaker-nikola-buys-50-million-stake-in-indiana-hydrogen-plant/?sh=1cd4f9674cba

Startup Nikola Bets Hydrogen Will Finally Break Through With Big Rigs
https://www.forbes.com/sites/alanohnsman/2019/04/14/can-a-15-billion-bet-on-fuel-cell-big-rigs-be-a-game-changer-for-hydrogen/?sh=b945c51fe4ce

IVECO and parter company FPT Industrial are the commercial vehicle and powertrain brands of parent company CNH Industrial. If the name sounds familiar, it’s because CNH Industrial rolled a cool $250 million investment into Nikola Motors just a few months ago in September 2019. Leveraging the heavy truck manufacturing prowess of IVECO was clearly the plan and indeed, the current version of the Nikola TRE that’s in development is directly based on IVECO’s S-Way platform.
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