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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

Hydrogen-fueled IC engines: Cummins begins testing stage

Srikanth Padmanabhan, President of the Engine Segment, commented the announcement: «We are using all new engine platforms equipped with the latest technologies to improve power density, reduce friction and improve thermal efficiency, allowing us to avoid the typical performance limitations and effic...

Everfuel is pushing on hydrogen development in Scandinavia

A subsidiary of Everfuel A/S, namely Everfuel Sweden, entered into a cooperation agreement with primary Scandinavian fuel company OKQ8 in order to boost the hydrogen market in Sweden. In addition, a cooperation agreement was recently signed with Greenstat «for developing commercially competitive hyd...

Gaussin road trucks will be designed by Pininfarina

Gaussin has reached an agreement with iconic Italian design house Pininfarina for designing the French company’s range of road trucks. The new design is expected to cover the entire range of Gaussin trucks developed thanks to the electric, hydrogen, autonomous ready Gaussin modular skateboard
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