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Fuel cell truck maker Hyzon shares drop 20% in market debut

Fuel cell truck maker Hyzon shares drop 20% in market debut Co-branding Freightliner Cascadias for trial runs of hydrogen fuel cells in Q4 4 minutes read Hydrogen fuel cell electric truck maker Hyzon Motors began trading Monday, a terrible day for markets. (Photo: Hyzon Motors) Hyzon Motors Inc. began public trading Monday on a terrible note as its shares fell more than 20% on a day when markets continued to tumble. The maker of hydrogen-powered fuel cell trucks, which has more than $...
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Why Clean Energy Fuels Is Crashing This Week

Author Bio A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236 Key Points A partnership revolving around fuel cell-powered heavy duty trucks may pressure Clean Energy Fuels. What happened Failing to fuel investors enthusiasm, Clean Energy Fuels (NASDAQ:CLNE) appears to have been running on empty over the past few days. During the h...
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Source: fool.com

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The Station: Rivian rolls towards an IPO and Quantumscape makes a big battery hire

Shortly after publication, Steve Hill, president of the Las Vegas Convention and Visitors Authority (LVCVA), tweeted that a Loop test this week, with a few hundred participants, had demonstrated its planned 4,400 passenger per hour capacity, which could release $13 million in construction funds currently being held back. The IPO about six months since the company raised $1.7 billion in a funding round that included backing from SoftBank Vision Fund, Sequoia Capital China, Permira, Fidelity, Hil...
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Source: yahoo.com

The Station: Rivian rolls towards an IPO and Quantumscape makes a big battery hire – TechCrunch

Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. For my American readers, you might be traveling — perhaps for the first time in more than a year — because of the Memorial Day holiday. While Memorial Day is meant to honor members of the U.S. military who died while serving, the three-day weekend has become the unofficial kick off to summer. This year, those traveling by car, truck...
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EV fast charger developer Tritium to go public via SPAC merger at $1.2B valuation – TechCrunch

Another day, another mobility SPAC deal. This time, it’s Tritium, a Brisbane-based developer and producer of direct current fast EV chargers that is taking the SPAC path to the public market in a deal valuing the company at $1.2 billion. Tritium said Wednesday it will be heading to the Nasdaq via a merger with special […]
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SPAC Crackdown Threatens Gauzy Forecasts That Power EV Startups - Governors' Wind Energy Coalition

Governors Wind Energy Coalition SPAC Crackdown Threatens Gauzy Forecasts That Power EV Startups Source: By Crystal Kim, Bloomberg • Posted: Tuesday, May 4, 2021 The marriage between SPACs and clean-tech vehicle startups is on the rocks as regulators push for detail on the one thing most of them lack: a solid business. Stocks of electric-mobility firms like Nikola Corp., Lordstown Motors Corp. and Romeo Power Inc. that went public by merging with special-purpose acquisiti...
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