It’s been a turbulent first quarter for the hydrogen trucking sector. Wednesday’s (February 19) news that Nikola has been forced into Chapter 11 may not come as a surprise to those who have been following its fortunes, but it will raise awareness around the economic challenges facing the FCEV trucking sector. This is a paid [...]

It comes as the firm reported FY 2024 revenues of €13.1m ($16.7m) – down 30% on 2023. McPhy attributed the decline primarily to the lack of revenue recognition from the 20MW Djewels green hydrogen plant in the Netherlands, as well as deductions related to compensation for the termination of historical refuelling station contracts. Despite the [...]

The announcement follows GFG Alliance’s decision to delay its offtake commitment, which involved using green hydrogen from the planned adjacent plant to decarbonise its steel operations. Read more: Whyalla hydrogen project future uncertain as GFG Alliance delays offtake commitment The South Australian Premier, Peter Malinauskas, stated there’s “no point in producing hydrogen if there’s not [...]

In a statement released today (February 20), the company said its founder, Dr. Daniel Teichmann, who had served as CEO since its founding in 2014, would become Executive Chairman of Hydrogenious’ board. Additionally, the previous chief strategy officer, Dr. Andreas Lehamnn, has taken over as CEO and also joined the board, along with Chief Technology [...]

The seed round, led by Cloudberry Pioneer Investments, saw participation from the National University of Singapore (NUS), TK & Partners, and angel investors. The funding will support the development of a 2MW manufacturing facility in India to scale production of its AEM electrolysers, develop a 25kW single-stack system, and begin expanding across India and Southeast [...]

The Japanese auto giant is independently developing the 150kW module to replace its current model, which is produced in a joint venture with General Motors (GM). Honda says the new PEM system’s manufacturing costs will be half those of the current model. It will also more than double its durability and increase its volumetric power [...]

A statement released by the controversial company said that Nikola, along with certain subsidiaries, “have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of Delaware.” Nikola previously attempted to raise capital, cut costs and restructure but ultimately failed to overcome financial challenges. The firm was [...]

The German environmental thinktank, in its Hydrogen Guiderails Report, said sectors where there are effective, alternative decarbonisation solutions should be excluded from hydrogen deployment strategies and public funding. It argues that hydrogen should not be used in building heating, road transport or electricity generation. Its justification for this is the expected 100 million tonnes of [...]

A new market study from IMI has revealed that 83% of decision-makers in Europe see transport decarbonisation as feasible without the use of hydrogen, despite ongoing industry interest. Approaching up to 300 decision-makers based in the UK, Germany and Italy, market research agency Censuswide carried out the analysis for IMI’s ‘The Road Ahead’ report. Overall, [...]

Hintco, the German Government-funded investment vehicle behind the scheme, said the supply-side auction is organised into five lots – four regional and one global. The regional auctions each have a minimum budget of €484m ($505m), focusing on purchasing hydrogen from North America, South America, Australia, Asia and Africa. These auctions will be “product-open lot,” allowing [...]