Electric Truck Maker Nikola Explores Sale as Cash Dwindles
Nikola Corp. is exploring options to stave off a cash crunch, including potentially selling part or all of the company, according to people familiar with the matter.
Hydrogen Industry May Turn to Gas, Carbon Capture Under Trump
The U.S. hydrogen economy will likely rely on natural gas and carbon capture technologies rather than green energy in Donald Trump’s second term, according to BloombergNEF.
US to Finalize Billions in Funding for Rivian, Plug Power
The Biden administration is poised to finalize billions of dollars in financing for electric vehicle maker Rivian Automotive and hydrogen manufacturer Plug Power.
January 16, 2025Biden Eases Rules for Hydrogen Tax Credits
The tax credit created by President Joe Biden’s signature climate law now includes a carve-out that will benefit some existing nuclear power plants.
January 3, 2025Hydrogen-Powered Hyundai Trucks Hit the Road in Georgia
Hyundai announced Dec. 4 it deployed 21 of its Xcient hydrogen fuel cell electric trucks in Georgia to ferry supplies between the ports and the automaker’s newly opened $7.6 billion EV factory.
Kansas Hydrogen Hunt Seen Fueling New Energy Revolution
A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are searching below the surface for hydrogen.
Truck Maker Nikola Trims 135 Staff in Cost-Cutting Move
Truck maker Nikola recently reduced staffing levels as it seeks to control costs.
Westport Q3 Loss Narrows as Cespira JV Ramps Up
Westport Fuel Systems’ loss narrowed in the third quarter, due in part to the company’s decision to recognize its heavy-duty truck operations as an equity investment on its financial ledger.
EPA Clean Ports Grants Pay for Hydrogen Equipment, Planning
Port facilities across six states will receive millions of dollars in federal funding for the purchase of zero-emission vehicles and fueling and charging infrastructure through EPA grants.
FRA Awards $96.5M to Hydrogen Rail Projects in Three States
Under terms of the grant program, FRA will pay no more than 80% of a project’s cost, with a minimum 20% match that can include in-kind contributions.