Nikola files for bankruptcy and seeks buyers for asset sale
The hydrogen-powered truck manufacturer intends to “market and sell all, substantially all, or a portion of its assets and effectuate an orderly wind-down of its businesses.”
The hydrogen-powered truck manufacturer intends to “market and sell all, substantially all, or a portion of its assets and effectuate an orderly wind-down of its businesses.”
However, conflicting responses from UK, Italian, and German industry leaders highlight ongoing interest in hydrogen, with decentralised production emerging as a potential solution.
Viritech will design a portable sub-5kW fuel cell REX to complement battery packs in smaller passenger vehicles, creating an “entirely new market” for the technology.
Interest is starting to build around a major green hydrogen and ammonia export project in Dakhla, Morocco.
Green hydrogen “has arrived” and will be pivotal to India’s future energy system, according to Hardeep Singh Puri, Minister of Petroleum & Natural Gas.
Alpha H2 stated online that if the Mexico trials are successful, “orders are expected to follow.”
Amid the collapse of hydrogen truck start-ups, HVS is taking a different path – ditching manufacturing for technology licensing.
The Urbino 12 buses, delivered to Emilia-Romagna transport operator TPER, mark the first batch of vehicles to arrive in the region off the back of a 2023 order.
Anglo American took ownership of First Mode in 2023 in a $1.5bn deal but halted its funding after a pivot away from hydrogen towards batteries due to slow uptake, as well as several job-cutting rounds.
India continued to advance its green hydrogen sector in Q4 2024 through numerous key tenders, bid submissions, investments and policy measures.
