Nikola Corporation (NKLA) Quote

Repost from FCEL board, courtesy of Hoghead7.

Toyota And A Company Called Fuel Cell Energy Make A Case For Hydrogen
Capturing dangerous methane to make electricity and hydrogen makes the most sense.
BY MARK VAUGHN, PUBLISHED: MAY 07, 2024
https://www.autoweek.com/news/a60720918/toyota-and-fuel-cell-energy-make-case-for-hydrogen/

The Hydrogen Podcast Interview: Insights from OPW Clean Energy Solutions' Felipe Sperduti Machado

The Hydrogen Podcast
1.25K subscribers
Posted Jul 22, 2024

Join us on this episode of the Hydrogen Podcast as we delve into the future of hydrogen with Felipe Sperduti Machado, Senior Director of Hydrogen and Cryogenics at OPW Clean Energy Solutions. Felipe shares his extensive knowledge and experience in the hydrogen industry, discussing key accomplishments, challenges, and innovative solutions in hydrogen refueling and distribution.

Learn how OPW CES is paving the way for a cleaner energy future, and discover the exciting advancements in liquid hydrogen technology and infrastructure. Don't miss this insightful conversation that highlights the potential of hydrogen as a mainstream energy source and OPW CES's role in driving this transformation.

Key Moments:
0:00 - Introduction by Paul Rodden
1:08 - Felipe Sperduti Machado joins the podcast
1:20 - Felipe discusses his journey in the hydrogen industry
2:11 - Key accomplishments at OPW Clean Energy Solutions
2:58 - Overview of OPW CES and its mission
3:33 - Introduction to Acme Cryogenics and Rigo
4:37 - Challenges in liquid hydrogen distribution
6:03 - Addressing safety concerns in liquid hydrogen
7:20 - Importance of standardization in hydrogen refueling
9:13 - Technological advancements in hydrogen distribution
10:09 - Innovative solutions for liquid hydrogen refueling
11:50 - Enhancing capabilities with Acme Cryogenics and Rigo
12:43 - Ensuring reliability and efficiency in hydrogen infrastructure
14:00 - Success stories and significant impacts of OPW CES solutions
15:00 - Future trends and opportunities in heavy-duty transportation
15:54 - Preparing for the demands of a growing hydrogen economy
16:39 - Exciting collaborations and partnerships
17:27 - Key factors for hydrogen's success as a mainstream energy source
18:05 - Predictions for the hydrogen industry over the next decade
19:00 - Closing thoughts and where to find more information about OPW CES

Biden administration announces $4.3 billion in climate grants
By Valerie Volcovici
July 22, 2024
https://www.reuters.com/world/us/biden-administration-announces-43-billion-climate-grants-2024-07-22/

Key quote:
With the 2024 election looming and campaigning ramping up, the EPA and other federal agencies are scrambling to distribute grants earmarked by the 2022 Inflation Reduction Act. Former President Donald Trump and Republican lawmakers have eyed repeals of several IRA grant and loan programs.

Yup
I see this a few places --- each repeating sort of the same words

Hopefully today ? NIKOLA will do a news release with some specifics

(they may have been testing?)

Nikola Secures Talon Logistics as New Client for Hydrogen Fuel Cell Trucks

Hydrogen News
22.2K subscribers
Posted 13 hours ago

Repost from Stocktwits.

we ?
how many shares net long are you ?

and do you promise - cross your heart - to disappear when NKLA makes such announcement ?

Repost from PLUG board, courtesy of B_B!

California receives first $30m tranche of DOE hydrogen hub funding
By Charlie Currie on Jul 18, 2024

California has received the first $30m instalment of federal funding from the US Department of Energy (DOE) to develop its regional clean hydrogen hub (H2Hub).

Having been selected for a total of $1.2bn of H2Hub funding last October, the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) hub has signed a $12.6bn agreement with the DOE to build the hub.

Made up of the $1.2bn from the DOE, ARCHES said $11.4bn of public and private funding funds have been committed to build and expand clean energy infrastructure across the state.

Senior Advisor to Governor Gavin Newsom, Dee Dee Myers, said formally signing the DOE cooperative agreement was a “pivotal milestone” for the state’s drive to carbon neutrality.

“We are eager to put Californians to work building the future – a future powered by clean, renewable hydrogen that benefits all California’s residents,” she added.

One of the seven selected DOE H2Hubs, ARCHES plans to leverage California’s 16 green hydrogen projects, two blue hydrogen schemes, two existing hydrogen pipelines and vehicle refuelling infrastructure to establish 220,000 direct jobs.

https://www.h2-view.com/story/california-receives-first-30m-tranche-of-doe-hydrogen-hub-funding/2112503.article/

WTM - Aren't we supposed to be announcing NEW / BIG DEALS ?

It looks like the Growth Trend is heading in the WRONG Direction. Aren't some of these cancelled projects part of the National Hydrogen Hub System?

Not mentioned in the article, but FFI has shuttered their North American offices.

since "my phone" knows "I read NIKOLA" - today it gave me a short short article (likely new but forgot to check date)

that ?French Bank sold it NKLA shares

(although it had cleaned house and bought back before ----- and I wonder if they voted with management or against it)

Repost from PLUG board, courtesy of B_B!

Labor’s hydrogen dream stalls as Fortescue slims down H2 vision
Peter Ker and Angela Macdonald-Smith Jul 17, 2024

Fortescue will cut 700 jobs and slow its push into green hydrogen in a blow to the Albanese government’s plan to make Australia a hydrogen superpower supported by more than $8 billion of taxpayer-funded incentives.
Fortescue chairman Andrew Forrest said low carbon “green” hydrogen still had a bright future, but his immediate focus would shift to renewable electricity as he jettisoned a target for Fortescue to produce 15 million tonnes of green hydrogen by 2030.
…..
https://www.afr.com/companies/mining/fortescue-puts-hydrogen-on-backburner-with-700-jobs-cut-20240717-p5jufj

Reposts from Stocktwits.



There have been more sightings of a 4Gen Nikola FCEV truck by J.D. Son on the road. It looks like these sightings are becoming more frequent!#NKLA #HYLA #Fuelcell #EV #Hydrogen #H2 #follownone #CleanEnergy #ZeroEmission pic.twitter.com/zNyTm7TZaY— H2Now (@HydrogenH2Now) July 17, 2024

Our President of Energy, Ole Hoefelmann, recently caught up with @EdmontonGlobal! Catch a sneak peek below and stay tuned for the full interview.#FollowNone #NKLA https://t.co/fuGKfPKI26— Nikola Corporation (@nikolamotor) July 16, 2024

The Nasdaq is down 500 points!

What is going on with PPS?

$47 billion in charging infrastructure needed by 2040 as Canada pushes for greener trucks
July 5, 2024
https://www.trucknews.com/sustainability/47-billion-in-charging-infrastructure-needed-by-2040-as-canada-pushes-for-greener-trucks/1003186895/

The number of zero-emission medium- and heavy-duty vehicles (MHDVs) is projected to reach 414,000 by 2030 and 2.4 million by 2040 to meet the federal target of 100% zero-emission MHDVs by 2040, according to the study on the country’s EV charging infrastructure, recently released by Natural Resources Canada. While the adoption of zero-emission MHDVs in Canada is currently in its early stages, it is expected to grow rapidly over the next decade.

Public MHDV charging demand is expected to grow from nearly zero today to 41,000 ports by 2030, 120,000 by 2035, and 275,000 by 2040, the study reads, adding that battery EVs are expected to dominate the zero-emission MHDV market, with numbers reaching 414,000 in 2030 and 2.4 million by 2040.

. . .

Repost from Stocktwits board.

"all decisions now in hands of 9 People - lifetime appointments."

More like 6. The future of the USA in the hands of 6 unelected crooks in robes.

could not read all of it

yup

the court tossed out agency knowledge and expertise AND BIAS? and put their bias and knowledge and expertise on drugs and H and you name in its place (death for now of Chevron and hail the MQD all hail the SCOTUS Kings)

could help move the regulation to more blue H -- GRRREAT

but

could help kill it and manipulate it in many anti H ways too

all decisions now in hands of 9 People - lifetime appointments

Diesel demand drops while commercial EV, electric semi markets grow
Jul 15 2024
https://electrek.co/2024/07/15/diesel-demand-drops-while-commercial-ev-electric-semi-markets-grow/

OPINION | US hydrogen tax credits | Why a recent Supreme Court ruling is likely to have a 'chilling effect' on H2 investment
Time-consuming litigation is now inevitable, and the chances that hydrogen producers can overturn the much-criticised 45V regulations have significantly increased, write senior lawyers Barbara de Marigny and Jon D Feldhammer
16 July 2024
https://www.hydrogeninsight.com/analysis/opinion-us-hydrogen-tax-credits-why-a-recent-supreme-court-ruling-is-likely-to-have-a-chilling-effect-on-h2-investment/2-1-1678275

Posted 1 hr ago.

I think it makes a difference based on cash flow

The initial boost for a Biden election was logically related to the BIG cash and other incentives that followed. IMO that was real

However - looking back - too many start ups and (companies like the 100,000 brag) went up when there was no reach to profitability . So they fell -- other than some few

If Biden is re-elected - incentives to STOP using Diesel Trucks like we see in CA might become National
Money to companies like NKLS or maybe HYLA or a partner of NKLA may arrive

DJT will shut it all down --- even though right now we produce more oil per day/week than ever and will need less and less - regardless of who gets elected. Indeed - some oil company analysts fear that a DJT push on drilling will then hurt - big time - down stream if there is a gusher of exploration on decreasing demand for oil-gas

DNU, a great question, one that I've been tempted to post myself, but hesitated because I want to stay out of political issues. Many green energy (including hydrogen) stocks I invested in, experienced a tremendous boost when Biden was elected, but have since lost all the gains and are now actually significantly lower, some went bankrupt, others are on the verge. That's the reason why I'm not sure who would be better, or if it would make any difference at all.

Thank you

From their website --- further reason I am suspect about anything impactful for many years (bold is me if it works)

We are planning a national fueling network and local networks where the hydrogen comes to you. No worries about range or finding hydrogen, and all at an affordable price. When you sign up for a hydrogen fuel subscription, we will convert the semi or car you have and love to run on hydrogen at no up front cost. Sign up below for a reservation and we will contact you when our service is available in your area. Pricing for hydrogen is comparable to gas or diesel.

In your opinion

Is that good ?

It is lots of support for H but is it not mostly for clean/green H

(and I assume DJT would kill it all if he could)

DNU, the post was referring to the following quote:

"For a limited time, Odin is offering no out of pocket cost conversions when qualifying customers sign up for fuel subscription programs. With over 100,000 trucks already enrolled, you can learn more and make your reservation at www.odinenergygroup.com."
Source https://hydrogen-central.com/odin-energy-solutions-partners-with-locatorx-to-provide-real-time-visibility-for-its-new-hydrogen-fueling-network/

Definitely, it's companies/customers making projections, how long it's going to take to get there, I don't know.

Repost from PLUG board, courtesy of B_B!

US on Verge of Clean Hydrogen Boom as Dollars Flow
Jul 15, 2024
…..
A final ruling on the 45V guidance is expected by the third quarter of 2024.
…..
U.S. presidential elections in November present further political risk and Ben King, Associate Director with Rhodium Group’s Energy & Climate practice, says the Biden administration will be keen to see the guidelines adopted by federal authorities by “late summer at the absolute latest”.
…..
https://img03.en25.com/Web/FCBusinessIntelligenceLtd/%7B59e314b7-52b3-4220-aabf-01e473911ac0%7D_6590_Clean_Hydrogen_Whitepaper_V1.pdf

?
when
If ONLY NKLA is out there with sold H trucks - that is one hell of a goal for them ?

so I ask

is either company a listed company?

glad to see it but boy oh boy - it sounds like its many years away -- again 112 trucks are out there

Another post from PLUG board courtesy of B_B!

The Hydrogen Tax Credit Rules Are Effectively Dead
The “three pillars” are crumbling.
EMILY PONTECORVO JULY 15, 2024

Few aspects of Biden’s climate law have spurred more controversy than the “three pillars” — a set of rules proposed by the Treasury Department for how to claim a lucrative new tax credit for producing clean hydrogen. Now, it appears, the pillars may be poised to fall.
…..
But lately, the campaign to dismantle the pillars has gotten both more forceful and more threatening. There’s the politically challenging hurdle that leaders of another federally-funded hydrogen program — the regional clean hydrogen hubs — have spoken out against the rules, arguing they threaten investment in hub projects and therefore job creation and economic development around the country. Then there’s the recent Supreme Court decision to overturn the precedent known as Chevron deference, which weakened agencies’ ability to defend their own rules and thereby emboldens any aggrieved parties to sue the Treasury if it keeps the pillars in place. Last week, 13 Democratic Senators, 11 of whom hail from states involved in the hubs, sent a letter calling on Treasury Secretary Janet Yellen to dramatically revise the rules or risk having them challenged in court.
…..
“They're losing advantage over other parts of the world,” Hector Arreola, a principal analyst for hydrogen and emerging technologies at Wood Mackenzie told me. Momentum to develop hydrogen projects has started to shift back to Europe, which has already finalized its own definition of what constitutes clean hydrogen, he said.
…..
It’s hard to imagine a path forward for the Treasury to keep the three pillars intact. Last week’s letter outlined the current state of play in stark terms. “Without significant changes to the draft guidance,” it said, “one of the most powerful job creation and emission reduction tools in the IRA will likely be hamstrung by future court challenges, Congressional opposition, and unfulfilled private sector investment.”
…..
“People can always sue today to challenge regulations,” Keith Martin, a renewable energy tax lawyer at the firm Norton Rose Fulbright told me. “It's just that the odds of success have increased.” The Supreme Court’s ruling undermines regulatory agencies’ authority to interpret federal statute.
Another hydrogen company that has been fighting the three pillars, Plug Power, has already claimed victory: It put out a press release last month declaring that it anticipates receiving the tax credit, despite the fact that the rules are still not final and its projects would likely not qualify under Treasury’s proposal. The CEO, Andy Marsh, told a hydrogen trade publication that he’s “certain” the rules will be loosened. (Plug Power didn’t respond to a request for clarification by press time.)
…..
There’s also a realpolitik argument here that the industry might want this all to be over more than it wants to kill the three pillars. “The number one thing people want is business certainty,” Esposito told me. “I don't think people want this to drag on for another two years.”
https://heatmap.news/economy/hydrogen-tax-credit-rules

Repost from PLUG board, courtesy of B_B!

With over 100,000 trucks already enrolled

Odin Energy Solutions Partners with LocatorX to Provide Real-Time Visibility for Its New Hydrogen Fueling Network
July 15, 2024

Odin Energy Solutions Partners with LocatorX to Provide Real-Time Visibility for Its New Hydrogen Fueling Network.

LocatorX, the trusted supply chain intelligence provider, today announced an exclusive agreement with Odin Energy Solutions to ensure real-time visibility for all of Odin’s hydrogen fueling stations throughout North America. Odin, providing America’s Leading Energy Solutions, is building a North American hydrogen fueling network to bring easy access to hydrogen everywhere in the United States and Canada at a price point less than diesel solutions over lifetime.
…..
Odin’s hydrogen conversion program supports the company’s mission to ‘make it easy to convert to a beautiful, clean future.’ By signing up for hydrogen fuel subscriptions at a cost less than diesel, Odin will convert diesel trucks to hydrogen or subsidize purchase of new purpose-built hydrogen trucks at little or no cost to carriers and qualifying independent truckers.
…..
Steven Minard, CEO of Odin Energy Solutions, commented:
Hauling up to 25% more freight, cheaper operation and maintenance, no more DEF, no vapor lock, no issues with cold weather start – hydrogen is just better.
…..
For a limited time, Odin is offering no out of pocket cost conversions when qualifying customers sign up for fuel subscription programs. With over 100,000 trucks already enrolled,
…..
https://hydrogen-central.com/odin-energy-solutions-partners-with-locatorx-to-provide-real-time-visibility-for-its-new-hydrogen-fueling-network/

DRAYAGE TRUCK REBATE
https://drayage.sce.com/consumer/

Nikola CA | SCE Drayage Truck Rebate
QUICK FACTS
https://www.nikolamotor.com/wp-content/uploads/2024/07/Quick-Facts-CA-SCE-Drayage-Truck-Rebate-20240711.pdf

Hey - in the historic AC v DC battle there was a winner and a loser - and many conflicting thoughts all the way down to the END decision

And now - Direct is coming back

We will see ---- but it seems dumb to not push H to its limit (in conjunction with other ideas and approaches)

Interesting Read :

https://www.autoevolution.com/news/despite-high-hopes-it-s-time-people-acknowledge-that-hydrogen-is-a-dead-end-236924.html

I hear you and you --- yet - sorry but I will add some "show me please" concern in estimating sales and will also not put 100% of blame on supply of parts

If Q2 is 72 trucks - could we see 150 trucks built and sold in Q3

Does anyone have a guess at guidance we will hear

Imagine if they predict - suggest - say - there will be a 50%-100% increase from 72 ? Impact on PPS/

oops
so Phase Two is finished and paid for (cash flow -- with likely some debt but done)

?

I still had the Phase 1 2,500 in my head --- not 10,000 a shift

If NKLA can build 10,000 in one shift --- then it will be a long while until they need to pay for two shifts

Simple - wild guess math --- 1,200 built a year (inside 10,000 capacity) sold at 400,000 each

That is GROSS revenue of 480,000,000
If I use instead 1,000 built in a year - and at 300,000 each - that is GROSS revenue - SALES revenue of 300 Million
I wonder how far away they are ?? from ability (for real?) and demand
Do you have a guess - yes a guess - of how many trucks NKLA can produce and sell in Q3 - maybe 150 to 200 or ?
I still suspect there will be one more round of equity sales but that may be the last?

they have a back log of orders. so why “if they could sell them?”

The limiting thing is supply chain, items like radiators and batteries are on long lead times and they are to convince suppliers of the need to ramp up their own production lines to drop the costs as well. Hence the need for long term orders from large national companies for say 1000 trucks over the next 12 months.

assuming they have the supply chain then 1000 trucks a month is possible

check the California HVIP program to see the vouchers for Nikola FCEV and BEV taat are waiting to be claimed

DNU, 20,000 trucks per year on two shifts. Source https://www.nikolamotor.com/nikola-corporation-celebrates-the-customer-launch-of-serial-production-in-coolidge-arizona-163, Published April 27, 2022

"Phase 1 of the Coolidge, Arizona manufacturing facility provides Nikola with a production capacity of 2,500 trucks. Construction of the Phase 2 assembly expansion area has begun and is expected to be completed in 2023 with a production capacity of up to 20,000-trucks per year on two shifts."

Hello

If they could sell them - how many FCEV trucks could NKLA build in one month - currently - one shift ?

I guess 100 -125 at this time?

Anyone know? --- at one point I thought NKLA said it could produce 2,500 a year - but I think that was 3 shifts -- so maybe 200 a quarter if they have all the parts ?

WTM - Just Another One-Off.

World's 1st hydrogen-fueled zero-emissions ferry unveiled in San Francisco
Friday, July 12, 2024
https://abc7news.com/post/worlds-1st-hydrogen-fueled-zero-emissions-ferry-unveiled/15054370/

Up until now, On-Road FCEV's have been a failure, especially for passenger vehicles in North America.

Yet another application where hydrogen is SUBOPTIMAL.

Just like GSE's , and Material Handling at the retail level .

LOL- "Sale" $0.00

"Volume " 0.00 kgs

Just one location. If you can't get the company right, I can't believe your anecdotal numbers either.

looks like $5.65/kg to me.

so I get Hyvia and HYLA mixed up may be I should run for president?

Banger - Soooo.... NOT $5.65 and NOT Hyvia !

So why did you post initially ?

not saying the AVERAGE price is $5.65. but it was in Ontario (Nikola partner site)




See price here

DNU, yes, I believe so.

?
So for now - should we think of this competitor as good - as the think NKLA Trucks need the most is places to refuel - in transit?

Banger - The average price for Hydrogen at the pump in California is NOT $5.65.

Currently , the Average price for Hydrogen at the retail pump is in the $30's.

And there are NO Hyvia Hydrogen stations in Ontario, CA.

So far this year (2024) , Hydrogen vehicle sales in the US have fallen by more than half on account of the numerous issues mentioned in the article, the cost and availability hydrogen being just two of many.

Another example where hydrogen is not the best solution.

this article mentions hydrogen at $13 / kg “currently”. At the HYVIA Ontario filling station it was just $5.65 /kg on par with Diesel.
Rest of article is fine, buying a Mirai was and still is only for those with limited driving aspirations, but the infrastructure is filling out (pun intended) and in a years time will be very different not just in California