CNH Industrial to lead Nikola’s Series D round with $250MM USD investment
Parties announce strategic partnership to industrialize fuel-cell and battery electric Heavy-Duty Trucks for North America and Europe
LONDON — CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), today announced its intention to enter into a strategic and exclusive Heavy Duty Truck partnership with Nikola Corporation, based in Phoenix, Arizona, U.S.A., to accelerate industry transformation towards emission neutrality of Class 8 / Heavy Duty Trucks in North America and Europe through the adoption of fuel-cell technology.
Oslo– Nel ASA (“Nel”) reported revenues in the second quarter of 2019 of NOK 122.5 million (135.8), in line with company outlook, and an all-time high order backlog of NOK 568 million at the end of the quarter.
Nel booked a provision of NOK 35 million to cover estimated cost, net of estimated insurance coverage, related to the incident at the Kjørbo hydrogen station, and is on-track getting stations back in operations. Nel reiterates the strong market outlook.
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to note the announcements today by BOC and the Australian Government via the Australian Renewable Energy Agency (“ARENA”) of its support for a project for BOC to produce hydrogen from renewable energy at its Bulwer Island gas facility in Brisbane. ITM Power is supplying the 220kW electrolyser.
To strengthen their market position, Blue World Technologies has acquired 15 per cent of Danish Power Systems, a highly recognised developer and manufacturer of MEA-technology.
The MEA (membrane electrode assembly) is one of the core components in the fuel cell stack, and with a focus on high-efficiency Blue World Technologies is going to utilise the proven technology of Danish Power Systems for their methanol fuel cell systems.
Following the joint development and licensing agreement with Robert Bosch GmbH, signed in April 2019, PowerCell Sweden AB posts a record high operating income of 513,828 Thousand SEK (-19,287) for the second quarter.
AFC Energy, the leading alkaline fuel cell power company, has appointed experienced power generation and application specialists to spearhead its market development activities as it initiates commercial roll-out for its hydrogen fuel cell power technology.
Doosan Corp., holding company of Doosan Group, announced today that its shareholders have approved the plan to spin off its fuel cell and organic light-emitting diode (OLED) material business divisions.
Hydrogen CHP to form part of a pilot project in Dubai
Management Board expects 2019 net sales to be in the upper range of EUR 210 – 230 million
Heek — 2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading manufacturers of gas-driven combined heat and power (CHP) systems for decentralized energy supply, has received an order to deliver a hydrogen-driven CHP system to Siemens AG.