It seems like Nikola Motors [Nasdaq: NKLA] was able to stop the bleeding of the past few months. The stock is rising again. Up to 30 million shares are now traded each day, a comparatively high volume for the company. The new-found optimism among investors seems to stem from reports about Nikola’s recent progress in meeting its targets. Construction of the Arizona factory is well underway. Then there are new production facilities being built in Ulm, Germany. And another boost for the stock came when competitor Daimler Truck announced its intention to have 5,000 hydrogen-fueled heavy-duty vehicles on the road over the next few years, with business partner Shell providing the fueling infrastructure. Sounds a lot like Nikola’s business model, the difference being that Nikola will produce its own hydrogen, and be able to keep the revenue, instead of outsourcing the task to another company.
Nowadays, Tesla [Nasdaq: TSLA] is largely making headlines not for of its financials but for the tweets of its charismatic chief executive, Elon Musk. His thoughts on cryptocurrencies such as bitcoin and doge coin, which, depending on the time of day, he says are a really good or a really bad deal, can dominate whole news cycles. Someone recently brought up the huge amounts of energy needed to mine them. As it turns out, the process uses non-renewable sources of energy, which could end up reflecting badly on the image of battery-electric cars as well. In response, Musk said he will rethink his position on bitcoin, which helped cause the cryptocurrency’s price to plunge from over USD 60,000 to USD 30,000. One might wonder what his behavior did to Tesla’s own USD 1.5 billion bitcoin investment.
“Who cares if H2 production is inefficient? Free is still free!”
Mike Strizki is more than infatuated with hydrogen. He’s dedicated to it, saying he has a lifelong commitment to the most plentiful element on Earth – that it is essential to bringing about zero emissions. And allowing his eight grandchildren to live healthier and more productive lives.
When it comes to electricity generated from pure hydrogen, there’s good news: The Los Angeles Department of Water and Power has reached an agreement with authorities in Utah to buy much of the output from the Intermountain Power Project, which will produce green hydrogen from wind and solar.
All the signs point in the right direction for this to work: For starters, Los Angeles is going all-green by 2045 and it is already getting some of its electricity from this Utah-based 1,800-megawatt coal power plant.
Ballard Power Systems is a pioneer in the fuel cell industry. Since 1983, fuel cells have been developed in the company founded by Geoffrey Ballard in Burnaby near Vancouver. Randy MacEwen has been President & CEO of the Canadian fuel cell manufacturer since 2014. On October 23, 2019, the International Hydrogen Symposium brought him to Hamburg where H2-international seized the opportunity for an interview.
California continues to move the needle in adopting more and more ambitious climate, energy and transportation goals, to improve air quality and reduce health impacts from emissions, and to develop a strong clean energy economy in the state that creates sustainable jobs.
I’m a hydronaut. No, that’s not a term for an underwater astronaut, but a term Honda uses to describe me, as one of their Clarity Fuel Cell electric vehicle (FCEV) drivers on California’s road today. Between three automakers (Honda, Toyota, Hyundai) there are now over 7,000 (Aug 1, 2019) FCEV’s on the road.
Solar Power International (SPI) will take place this year from September 23 to 26 as part of North America Smart Energy Week in Salt Lake City, but without Hydrogen + Fuel Cells North America. As the organiser Solar Power Events confirmed to H2-international, the cooperation of the past two years with Deutsche Messe and Tobias … Read more
Following a short-term dip, the stock of Canadian fuel cell manufacturer Ballard Power (Nasdaq: BLDP) went on to rebound in a big way, shooting up daily. A good sign. While the company didn’t ink any major deals, it signed several framework agreements and received multiple letters of intent. It also tried to branch out, getting in on projects such as H2Ports. As a global leader, Ballard will remain in the spotlight, in multiple markets, thanks to its highly advanced technology.