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Norwegian fuel cell maker TECO 2030 files for bankruptcy

"The board of directors has decided to file for bankruptcy. The board decision is unanimous and is due to the fact that there is no longer a realistic opportunity to raise sufficient capital to continue operations", was written in an official note.

Highlights

Nikola in need of new source of money to continue its business

Media reports say that the manufacturer has got the money to survive no longer than one quarter in 2025. Nikola managed to sell something like 200 hydrogen fuel cell trucks in the first 3 quarters of the year. At the same time, the company has been facing trouble for quite a long time, with the need...
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Hydrogen

UK, HVS gets £6.6 million funding to develop autonomous hydrogen truck

The first hydrogen-electric truck prototype will be fitted with a driver’s cab and tested on the road in autonomous operation, using the Fusion Processing Ltd’s Automated Drive System, CAVStar, with a human safety driver at the wheel. The second prototype will have the driver’s cab removed and repla...

Nikola launches new hydrogen brand HYLA

“The HYLA brand represents Nikola’s hydrogen-focused energy business by supporting our fuel cell electric vehicles and those of other OEMs,” added Carey Mendes, President, Nikola Energy. “Hydrogen energy is the catalyst for the HYLA brand and serves as a forward-looking solution for our customers"....
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