Nikola explores strategic options amid financial challenges: reports
Hydrogen and electric truck manufacturer Nikola is reportedly exploring strategic options, including the potential sale of parts or even the entirety of its business.
Hydrogen and electric truck manufacturer Nikola is reportedly exploring strategic options, including the potential sale of parts or even the entirety of its business.
Mantle Ridge had publicly criticised Air Products’ strategy for its focus and high spending on clean hydrogen, as well as its succession plan for 81-year-old Ghasemi.
“The President doesn’t have the power to repeal laws. He may not always appreciate that, but that is indeed true.”
California’s Verne has said it “successfully demonstrated” the first cryo-compressed hydrogen (CcH2) truck, driving “hundreds of miles” and conducting several refuelling events with its novel equipment.
“We are using subsurface temperature, pressure, chemistry and geologically existing rocks to produce ammonia directly.”
Verdagy has agreed to provide over 320MW of its eDynamic alkaline electrolysers to produce green hydrogen in a sustainable aviation fuel (SAF) and e-methanol biorefinery.
Optimising hydrogen production and CAPEX requires careful sizing of renewable energy sources, writes Daniel W. Bernadett, P.E., Global Director of Wind Engineering at ArcVera Renewables, a Bureau Veritas Company.
“The future for hydrogen blending with natural gas for home heating and cooking is not bright, as the purported benefits are far from impressive and fail to stack up against the risks,” the report reads.
Nel ASA has received a purchase order for 5MW of containerised PEM electrolyser units for $7m from one of the US’ “largest steel producers.”
Both acts, which created huge subsidies for the clean hydrogen sector, will have their “processes, policies and programmes for issuing grants, loans, contracts or any other financial disbursements” reviewed.
