Nikola Corporation (NKLA)

[uksausage]

My issue with blue hydrogen is that it is coming from a hydrocarbon fuel source through Steam methane reforming or SOEC. So they shouldn't be getting incentives

I would prefer my incentives to be towards electrolysis as the core technology to encourage scaling of the eco system to reduce costs. In 2024 it will be hard to get true green hydrogen through electrolysis as the grid isn't connecting the wind and solar farms at a fast enough rate. As time goes by though you will see electrolysis plants either directly connected to these farms or buying through the state power companies the output from them.

The hold up is in the permitting and the connection process. Manchin is trying to break that log jam.

I also think the hydro electric industry are very lazy in adding turbine capacity - modern turbines would increase output significantly without building more dams.