RealTime53
2 days ago
Hi Jack --
It's all true. Every word of it. Until it changes. The future may be a hydrogen future. It just may not be Hyzon future.
I'm not even sure that there isn't a market for Hyzon products. Somehow, Nikola managed to sell 72 trucks last quarter. For a story stock like Hyzon, how would the narrative have changed if Hyzon had sold 72 trucks last quarter?
The last quarterly report, Hyzon had $82M cash on hand. The bills for the second quarter are due. Best guess -- $20M. Closing the European and Australian plants? $17M in the second and third quarter, total. There is the third tranche of the SEC fine, $8.3M. And there are consultant fees.
If there is no market. there is no reason to put the 200kW stack into production, saving $3M.
So, how does Hyzon survive? They will have to sell their newly minted diluted shares. How many shares? The daily volume is about 500,000. Say they sell about 100,000 shares a day. That's about $2M a quarter. That'll help, but it will put negative pressure on the share price, for a long time. Hyzon has six to twelve months to hope that something changes
WeTheMarket
7 days ago
Rivian's Amazon Delivery Vans Keep Mysteriously Catching Fire
JUL 05, 2024
https://www.zerohedge.com/markets/rivians-amazon-delivery-vans-keep-mysteriously-catching-fire
Amazon delivery vans, manufactured by Rivian, keep catching fire.
That was the topic of a new report from Quartz.com this week which highlighted that the blue Prime vans seen all over the country keep catching fire at Amazon distribution centers.
"One starts to wonder why," QZ.com asked.
The report notes that footage from Third Coast Drone reveals Rivian vans ablaze outside an Amazon facility in Houston.
While the video doesn't show how the fire started, it captures firefighters working to control the flames. Importantly, the footage also reveals that each van was parked at a charging station.
This isn’t the first time Rivian vans have caught fire at an Amazon location, the report notes.
Last August, a similar incident occurred in Salt Lake City, where vans burned in a distribution center parking lot. Posts in Amazon worker subreddits revealed that drivers have reported issues with the vans charging in high heat and suspected the chargers as the cause of the blaze.
Chargers have been blamed for fires before, either due to improper home wiring or inadequate cooling.
What’s still unclear is whether professionally-installed chargers, like these Rivian units, are prone to the same issues as Level 2 chargers plugged into home dryer outlets.
Heat-related issues with electric vehicles are likely to become more common as global temperatures rise.
The transition to EVs still remains worthwhile according to QZ—just, maybe consider charging in the shade until these issues are resolved.
Sure thing. We'll be back to diesel powered delivery trucks in no time!
WeTheMarket
2 weeks ago
Repost from NKLA board, courtesy of uksausage.
Nikola announces better than guided numbers:
https://ih.advfn.com/stock-market/NASDAQ/nikola-NKLA/stock-news/94136225/nikola-wholesales-72-hydrogen-fuel-cell-trucks-for
For Q2 2024, Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, wholesaled 72 Class 8 Nikola hydrogen fuel cell trucks, above the high end of truck sales guidance of 60 units.
For the first half of 2024, Nikola wholesaled 112 hydrogen fuel cell trucks.
"We have maintained our 2024 momentum with solid wholesale numbers, new customers such as Walmart Canada, and repeat customers like 4GEN and IMC, purchasing vehicles through our dealer network," said Nikola CEO Steve Girsky. "We are firmly on the field and are continuing to secure our first-mover advantage in zero-emissions Class 8 trucks in North America, as well as with our HYLA hydrogen refueling solutions."
All Nikola trucks are assembled in Coolidge, Ariz.
WeTheMarket
2 weeks ago
Follow up on previous Mission Hydrogen webinar post by David Wenger, Mission Hydrogen GmbH, based in Germany (for context).
The Japanese word for “Future” is “Mirai” – and that’s also the name of the current Toyota fuel cell vehicle. I’ve had one for three years. Last week, I handed it back to the Toyota dealer because the leasing contract had expired.
It’s time to say “Goodbye Mirai” or “Goodbye Future.” The “Future” is now history.
Here are a few thoughts on my experience (also available on https://www.linkedin.com/posts/dawenger_mirai-future-toyota-activity-7213583238533918724-AaTZ)
- The reliability of the car was 100%. No issues at all. That's certainly good news.
- I have done 44,859 km over three years. Not very much, but still. It was used for my daily trips to the office, but also to customer meetings etc. - everyday scenarios. It worked well.
- My team used it as well whenever they needed a car.
- The refueling station nearby (some 7 min from home and some 10 min from the office) was very helpful. I only remember one situation when it was not operational, but it did not really matter that day.
- Other refueling stations I have used regularly where the ones in Switzerland and some other stations in the south of Germany. No big deal, everything was fine (with a few exceptions, but no major problems).
- I have never done a 1,000+ km trip or so. I try to avoid that anyway, but even more with such a car.
- The typical consumption was 1.1 kg per 100 km, and the hydrogen price in Germany is € 15.75 including 19% VAT. Yes, that's expensive, but the main problem is that nobody is making any money along the value chain. That's a big problem.
- The only real complaints I got were from my kids. I have three kids, and the Mirai is certainly not suitable for a family. If young kids complain about missing legroom in a car it's certainly time to think about the overall vehicle concept.
- My own "WTF" typically came when I tried to transport goods of any kind. Sorry my friends at Toyota, but the trunk is a disaster. I think a cargo bike would do a better job. No matter how much you like the hydrogen experience: this is a no go.
- The second "WTF" was about the UX and the map. I don't know who designed it, but Toyota is lightyears behind Tesla and other OEMs.
- The third "WTF" was about the range indicator. I was told it's very conservative to be on the safe side. I can understand that, but why don't you tell me "you have 1.2 kg H2 left" somewhere? That would give me the opportunity to do my own math if necessary. If you tell me that I have 50 km left (with an unknown 70 km of safety margin)...not what I need.
And to answer the most important question again: I had the car to get real life experience - and talk about it. I am not one of those PowerPoint heroes, and I don't want to rely on Google research. I want first hand experience in everything I do. Mission accomplished.
While my project has come to an end, Toyota is still pushing forward, especially on the heavy duty side.
On Wednesday, we'll do a webinar on the "Toyota Hydrogen Strategy for Heavy Duty" with Vincent Mattelaer (Toyota Motor Europe) and Jackie Birdsall (Toyota North America). Both of them are among the leading experts within Toyota, and both of them are very famous hydrogen ambassadors, too.
I promise you: You will learn a lot, and they will certainly be able to answer 99% of your questions.
Join for free: www.mission-hydrogen.com (and yes, we will talk about my experience, too).
Mission Hydrogen GmbH
David Wenger
Einsteinstrasse 55
89077 Ulm
Germany
WeTheMarket
2 weeks ago
Mission Hydrogen webinar "The Toyota Hydrogen Strategy for Heavy Duty."
Date: Wednesday, July 03
Time: 16:00 CEST | 07:00 am Pacific | 10:00 am Eastern | 07:30 pm IST | 10:00 pm AWST
Duration: 90 minutes
Join for free: www.mission-hydrogen.com
Background
The first country in the world to adopt a national hydrogen strategy was Japan. One of the driving forces behind was the largest OEM, Toyota Motor Corporation.
Toyota has had their own vision of a decarbonized mobility for decades, and hydrogen has always been at the center of their activities. Currently, Toyota has several vehicles on the market, including the Mirai (passenger car), a prototype of the Hilux (pickup truck) and several heavy duty trucks (including vehicles in cooperation with other OEMs such as Kenworth, Isuzu and Daimler Buses).
In our next webinar, Toyota will present their current hydrogen strategy for heavy duty vehicles, including their vision of the infrastructure.
The speakers are:
Vincent Mattelaer, Toyota Motor Europe: Vincent has been with TME since 2007, and he is responsible for the European hydrogen R&D activities including standardization (SAE, CEN, ISO), the development of the necessary refueling protocols and EU projects.
Jackie Birdsall, Toyota North America: Jackie is the Senior Engineering Manager of the Fuel Cell Integration Group at Toyota Motor North America and was once called the “Fuel Cell Rockstar” by the press. With 20+ years of experience, 171,216 followers on LinkedIn and thousands of hours of hands-on vehicle testing experience (yes, these activities with wrenches and screwdrivers out in the Death Valley to fix issues before the vehicles are delivered) Jackie is one of the most experienced and knowledgeable hydrogen leaders out there.
Jackie and Vincent will share their decades of experience with you and explain:
- Why Toyota believes in hydrogen
- What their long term vision for zero-emission mobility is
- What vehicles Toyota has under development and what they will look like (ok, they cannot share the secrets, but they will give you an overview)
- What kind of hydrogen infrastructure Toyota needs
- What the difference is between Europe, North America and Japan in terms of hydrogen mobility
- What Codes&Standards they have helped to develop, and what is still needed
- What you can do e.g. as a supplier to be part of the game
- As always, they will answer your questions regarding technology, vehicles and market.
WeTheMarket
3 weeks ago
Repost from PLUG board, courtesy of B_B!
Why US Towns are Changing Lanes from Electric to Hydrogen Buses
June 23, 2024 By ERIN KILGORE
In the evolving landscape of public transportation, the shift from traditional diesel-powered buses to more sustainable alternatives is gaining momentum. While electric buses have been at the forefront of this transition, many US towns are now reconsidering their strategies and turning to hydrogen fuel cell buses. This shift is driven by various operational needs, environmental concerns, and technological advancements.
…..
Conclusion
The shift from electric to hydrogen buses represents a significant evolution in public transportation. Hydrogen fuel cell buses offer extended range, better performance in extreme conditions, and faster refueling times, making them a compelling alternative to electric buses. As more US towns and transit agencies explore this technology, the future of public transportation looks poised for a hydrogen-powered revolution.
https://www.hydrogenfuelnews.com/hydrogen-buses-us-towns/8565333/
RealTime53
4 weeks ago
Hi BK --
Interesting question. Hyzon is a 'story stock'. Intrinsic value is difficult to determine. They have minimal revenue. They have minimal intellectual property. They have minimal prospects. They are staring at delisting from NASDAQ. They have a chequered past. They recently announced a 150 percent stock dilution. Strictly on the dilution, at a pre=dilution price of 50 cents per share, the new price would be about 13 cents.
I would not invest in Hyzon at this price and at this time. Maybe after delisting, maybe after the next quarter results, maybe after the dilution hits the market and how Hyzon handles the dilution. See how Horizon sells their Hyzon stock? Penny packets, once or twice a week. small effect on the price.
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13 hours ago
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