Today's Trucking’s Post

Hydrogen fuel cell maker Ballard Power Systems is undertaking a global restructuring to cut its expenses by over 30 per cent, as the Vancouver-based company wrestles with an industry slowdown. The cuts will impact an undisclosed number of staff, along with its product development programs, capital expenditures and working capital improvement initiatives. Operational consolidation will also take place. Pointing to a “challenging macroeconomic and geopolitical outlook and amid protracted policy uncertainty,” Ballard’s president and CEO Randy MacEwen said the company sees the availability of low-cost hydrogen and refuelling infrastructure as a process that will take years to develop. #hydrogen #sustainability #cleanfuel #cleanenergy https://lnkd.in/g3K3yAsq

#ballardpower #hydrogenvehicles #hydrogenpoweredvehicles #hydrogenadoption - Ballard Power to cut jobs, replace executives, as hydrogen adoption lags https://lnkd.in/g7fhxCtZ

Plug Power targets $150m gains with new hydrogen equipment leasing platform: Plug Power is targeting $150m mid-term returns from a newly-launched leasing platform for its hydrogen equipment assets. #hydrogen #HydrogenNow #H2View

Ballard Power Q2 2024 Revenue Up 4% Strong fuel cell sales drive growth, with revenue hitting $16M. Fuel cells now account for 84% of total revenue, but the company reports a net loss of $31.46M. To read the entire article click on the link below https://bit.ly/3SR0oSW #ballardpower #fuelcells #earningsreport #cleanenergy #stockmarket #financenews #constructionmagazine #constructionworldmagazine #cwmagazine2024 #constructionworld #constructionworldmagazine #cwmagazine #infrastructureboom

Hydrogen midstream infrastructure plays a central role in developing a resilient, liquid, and low-cost hydrogen market to help North America achieve its decarbonization targets. Yet for all the talk about hydrogen’s supply and demand, there has been far less attention on the connective tissue that bridges the two together. In a new article co-authored with RMI, #GuidehouseExperts Lisa Frantzis and Darek Imadi outline the objectives of the North American Hydrogen Backbone and the need for a coordinated approach to hydrogen midstream infrastructure planning and development. Guidehouse ES&I #infrastructure #greenhydrogen

Stardust Power, Inc.: Expanding America’s battery-grade lithium refining capacity. Stardust Power Inc. is developing a strategically central, vertically-integrated lithium refinery in the US that is capable of producing 50,000 tonnes of battery-grade lithium per year. Stardust Power is an American developer of battery-grade lithium resources critical to the US electric vehicle (EV) supply chain. Our focus is to support America’s energy independence. Lithium is essential to the global electrification transition, and the critical resource required for EV batteries, among others. Roshan Pujari Founder & Chairman William Tates Head of Investor Relations Find our more about Stardust Power, Inc. here ⤵ https://lnkd.in/emvbpuWP #lithium #energytransition #USLithium #batterymetals #batteryprodcution #electricvehicles #greentransport #tesla #USEV

Hydrogen producer Plug Power.’s stock soared May 14 after the Biden administration offered the U.S. company a conditional commitment for $1.66 billion in loan guarantees to build up to six facilities. Shares of the company, which has said the financing will be key to its growth plans, gained as much as 70% in New York in the biggest intraday increase in seven years. The stock traded 43% higher at $4.13 as of 9:39 a.m. The deal is critical for Plug, which has faced a cash crunch in the past year as it burned through capital to develop its production capacity. The Energy Department financing comes as the Biden administration has said the clean-burning gas is needed to achieve its climate goals and has sought to jump-start the domestic production of green hydrogen to decarbonize steel, cement and other heavy industry.

  The #energytransition at the heart of #EV adoption may provide attractive investment opportunities for #nickel and the companies that discover and extract it. Learn more in this video. https://lnkd.in/gST-icn3 Disclosures: https://lnkd.in/gcjvY3eu

Is lithium the new oil? Last night, Sean Voigt hosted Austin ClimateTech: Electrify Everything at UT's Robert B. Rowling Hall. The panel of investors and founders spoke on the opportunities and challenges of transitioning from hydrocarbons to electrons. My major takeaway is that the US government is making major progress in major electrification initiatives while many issues come from the existing supply chain. With 85% of the battery supply chain existing in China (mostly on the southeast coast), the US DOE has put an overt effort to bring that supply chain to the US. Last month, the DOE announced a $2.26B loan to Lithium Americas focusing on building the Thacker Pass lithium project in Nevada (https://lnkd.in/gf83U85p). Additionally, the DOT and DOE have established a joint office to assist in the transition across transportation. The main focus of the joint office is to build out the network of chargers, zero-emission fuels, and grow zero-emission transit Thank you John Stibal, Teague Egan ⚡, and Zeina El-Azzi for providing amazing insight into the industry. I look forward to seeing how Austin continues to provide critical economic solutions to the energy transition. #ClimateTech #EnergyTransition

🌽✈️ New Gevo Video: Acquisition News You Don’t Want to Miss! ✈️🌽 After taking a 1-year break, I'm back with a new video update about Gevo, Inc. and their game-changing acquisition of Red Trail Energy's ethanol and carbon capture assets on my YouTube-channel. 🌱💡 In my latest YouTube video, I break down the details of this $210M deal and explain how it sets Gevo on the fast track to profitability by 2025. 📈 If you're interested in sustainable aviation fuel (SAF), carbon capture, or the future of net-zero energy, this video is for you! Don't miss out on my analysis of what this acquisition means for Gevo's stock and its long-term growth prospects. 👉 Watch the full video here: https://lnkd.in/d7JY4Qq3 🎬 Share your thoughts and join the discussion in the comments! #SustainableAviationFuel #CarbonCapture #NetZero #Gevo #Biofuels #RenewableEnergy #GreenTech #CleanEnergy #Sustainability #SAF #YouTube #EnergyInnovation #FutureOfEnergy #CleanTech