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Nikola Lowers Debut Electric Truck Production Volume Targets

(Bloomberg) Nikola Corp. shares slipped after the company cut projected output of its first commercial zero-emission vehicles and said it may seek to raise more capital to invest in facilities such as a planned hydrogen-fueling network.The startup now expects to deliver 100 battery-electric Tre semis to customers this year, down from a previous target of 600. It blamed the global pandemic and supply-chain issues for the drop in planned production volumes.“We see pent-up demand hitting the supply chain, creating global critical-parts shortages for components” such as display screens and batteries, Chief Executive Officer Mark Russell said on a call with analysts late Thursday after Nikola released its latest earnings. “In light of all of these uncertainties, we believe it would be prudent to revise expectations for Nikola Tre BEV deliveries.”The Phoenix-based company is one of a number of new and legacy automakers developing clean-energy commercial vehicles ....

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Hydrogen is Hot! 584 hydrogen fueling stations in 33 countries, Ways2H expansion, Preem, Siemens and more : Biofuels Digest


Photo courtesy of JBEC/Tsubasa Engineering
Hydrogen is heating up around the planet – but not in terms of CO2 or GHG emissions – in fact, it can help cool the planet down. What is making hydrogen so hot right now is the news that hydrogen fueling stations are having a dramatic acceleration in growth with 584 hydrogen stations deployed in 33 countries by the end of this year, Ways2H’s fundraising and expansion on new orders and building of new facilities to produce renewable hydrogen, Canada getting one of the world’s largest green hydrogen plants, Preem and Siemens and others moving forward on blue hydrogen, cities like Barcelona powering city buses from green hydrogen, and Hydrogen Council’s latest reports on the path to hydrogen competitiveness. ....

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