HYDROGEN Nikola Signs MOU with General Motors
November 30, 2020
PHOENIX — November 30, 2020 — Nikola Corporation (NASDAQ: NKLA) today announced the signing of a non-binding Memorandum of Understanding (“MOU”) with General Motors for a global supply agreement related to the integration of GM’s Hydrotec fuel-cell system into Nikola’s commercial semi-trucks. This supersedes and replaces the transaction announced on September 8, 2020.
Under the terms of the MOU, Nikola and GM will work together to integrate GM’s Hydrotec fuel-cell technology into Nikola’s Class 7 and Class 8 zero-emission semi-trucks for the medium- and long-haul trucking sectors. As previously announced, Nikola expects to begin testing production-engineered prototypes of its hydrogen fuel-cell powered trucks by the end of 2021, with testing for the beta prototypes expected to begin in the first half of 2022. In addition, Nikola and GM will discuss the potential for the utilization of GM’s versatile Ultium battery system in Nikola’s Class 7 and Class 8 vehicles.
“We are excited to take this important step with GM, which provides an opportunity to leverage the resources, strengths and talent of both companies,” said Mark Russell, Chief Executive Officer of Nikola. “Heavy trucks remain our core business and we are 100% focused on hitting our development milestones to bring clean hydrogen and battery-electric commercial trucks to market. We believe fuel-cells will become increasingly important to the semi-truck market, as they are more efficient than gas or diesel and are lightweight compared to batteries for long hauls. By working with GM, we are reinforcing our companies’ shared commitment to a zero-emission future.”
The agreement between Nikola and GM is subject to negotiation and execution of definitive documentation acceptable to both parties. The MOU does not include the previously contemplated GM equity stake in Nikola or development of the Nikola Badger. As previously announced, the Nikola Badger program was dependent on an OEM partnership. Nikola will refund all previously submitted order deposits for the Nikola Badger."
Great news for NEL who have a 448 electrolyser order from Nikola.
HYDROGEN NIKOLA & GM SIGN MoU @@.
Nikola and NEL can now crack on with the fuelling stations without question !
As per Nikola presentation , NEL to be confirmed to start building fuelling stations , multiple, with confirmation to come before New Year ! Please see the Nikola presentation timeline from 2 months ago.
Probably another reason why Hexagon Composites has also hit year highs today along with NEL. BRILLIANT !!!
HYDROGEN NIKOLA & GM SIGN MoU @@.
Nikola and NEL can now crack on with the fuelling stations without question !
As per Nikola presentation , NEL to be confirmed to start building fuelling stations , multiple, with confirmation to come before New Year ! Please see the Nikola presentation timeline from 2 months ago.
Probably another reason why Hexagon Composites has also hit year highs today along with NEL. BRILLIANT !!!
7% up today , news soon.
Any chartists out there ? If so are we looking at Feb-April Highs of NK 35-40 ? I know its all subjective, but that is my view based on previous rises ? Not mt official view but would like a little help here ?
Prediction based on my observations and back reading of prior contracts signed over the last 2 years = Big news soon.
Most likely the deal with Nikola Corp fuelling stations across the USA , WHICH is noted down in Nikola Corps presentation 2 months ago and is specific to NEL as it is fuelling stations, Nel do nothing with the truck build.
Hexagon Composites are part of Nikola Corps plan B for partnering Romeo Power building the powertrain for Nikola Corp trucks. I suspect the GM part of Nikolas deal will not happen , BUT we gain by Hexagon ( NEL partner and spin off company ) gets to pick up the contract. I guess that is.
HYDROGEN Hexagon Composites near year high today.
Just 0.50 off on the buy side.
NEL Hydrpgen their business partner easily broke through NK 24 year high today and is now above NK25.
= News !!!
NEL YEAR HIGH NK25.00 to buy on Oslo Bors !
Hitting my June target for year end. This whilst around NK17-22.
Hope that the route towards NK 28 should be straight forward to Dec 25th.
I think Nels 500mw start factory level of approx 160 electrolysers PER DAY 24/7 fully auto factory , when changed to include that simple 2nd line and then quickly up to 300-350 electrolysers PER DAY is the scale up which big industry needs tbh. Reliable, quality, timely delivery to date ordered scale up and NEL will be up where Hexagon's sp is currently. That is just my view. Current stated target from June was NK24-28.00 by year end with a bit of luck.
Nearly there.
Add in vast scale up and ... blue sky tbh as the costs are pretty set in a rough ball park that should not alter unlike in mining or tech role out.
PM44, it is getting involved but has other parts of the business which can be hit in a downturn. There are a few huge companies eg BP or Shell. Ok they get the headlines for hydrogen support - I am a poster of that info, - but I hold the hydrogen companies that Shell needs as the have the anti fossil fuel lobby right up against them ! Some big money boys involced who do not want oil or gas hit in any way. Rather own a company that they need or can buy out as a full unit ready formed ?
Thyssenkrupp doing huge things with hydro but have steel businesses to flog and other units thatbcan easily incur write downs or media pressure ? I hold a small amount of Thyssen just because the sp went so low and every 4th document if my research had them supplying electrolysers.
I do have mixed thoughts regularily on Thyssen tbh but in small for now.
I am almost involved with a strat which says follow the money but luckily did it before the surge.
Just luck and hours of my own research , nobody else owns my money but me. Creating my own luck lol
Sure it was NEL but it may have been hexagon ?
https://im-mining.com/2020/06/17/major-mining-investor-mitsui-puts-23-million-hydrogen-fuel-cell-start/
Overall, Mitsui aims to gain a stronger foothold in the global hydrogen business by acquiring insight into hydrogen demand creation and the downstream hydrogen business, as well as creating synergies with Hexagon Composites ASA, a Norwegian manufacturer of lightweight high-pressure hydrogen tanks in which Mitsui invested in 2016.
https://im-mining.com/2020/06/17/major-mining-investor-mitsui-puts-23-million-hydrogen-fuel-cell-start/
5 days ago.
https://timesofsandiego.com/tech/2020/11/23/sdge-and-socalgas-announces-hydrogen-blending-demonstration-program/
Working with Berkely University. Now don't I remember something about Berkely ?
Nice little project to get if NEL can.
Largest Gas Storage Facility in the whole of Western America , a huge project needing a heap of conversion to mixed supply stream of gas/ hydrogen, electrolysis creation and infrastructure support inc fuelling stations for hydrogen gas cars in LA and lower California.
https://www.socalgas.com/smart-energy/reliable-natural-gas-for-the-future
Thanks mkumar. I have stayed away from AFC and not looked for atleast 6 months. There are so many companies surging towards anything hydrogen. It is starting to feel like there is so much information on the next big investment that it is a daily event. Bubble territory for 2 months now but with us starting at a small bubble admittedly. For each month that passes more and more new research papers and developmenrs with come. For me my finances are pretty good, but there is a case of spreading yourself too think to make any real gains so I have 4-5 I really want to be holding and learned a few years back it is ok for other companies to do well and have days of 20% increase in sp eventhough I miss out. My hope is we all get UK wide cheap energy and not needing the help of pipes from Norway or Russian gas. Build here , using our tech our jobs and for the UK people and make it cheap too. This helps jobs and industry compete and even bring in companies from around the world to make new product here in the UK.
AFC I hope will do great things , but it is not one of my 4-5 big holdings. Hope you make a million mate.
Thanks for the info though.
https://www.smh.com.au/business/the-economy/china-s-new-digital-front-has-caught-the-world-napping-20201124-p56hkh.html
Any Western company linked with China may well find it much more difficult to avoid State control or threat of "do ... or be punished as we cut your money source" ?
They already have started to grade each member of the public as to good or bad citizen of the Chinese Republic. The natural progression is give us access to your IP / tech knowledge or we will control your finances within China ?
A major investment threat for us when considering investing in China through a non Chinese company.
New world order.
I do still hold , took some profit at €23 after the drop back to 21 last month. Found out about the new listing and the drag the new exchange will have in that buyers over there will be new and need more shares which there are very few about, so had a buy at €33 looking for 10% within 5-10 trading days. Not a large amount but it all mounts up.
Deciding currently whether to now trim to 3-4 hydrogen stocks that seem to be bursting out from the pack with regular orders or stick with less in more and really de risk ?
Holding loads of NEL so very happy. Holding loads of Hexagon as NELs partner spin off company they will do well off the back of NEL supply. Someone needs to store transport and build infrastructure for all the electrolyser producers ? Both doing global business so not to bad if brexit becomes an issue ?
Some favourites of shareholders, have very little actual or continual news each month on a whole heap of progression not just with new tech inc Nuclear and hydrogen and reverse energy PEM , but in to Government and private companies and across the whole world not just Europe so with NEL you get US, EU, Arabic, Japan, S Korea, Japan and Australia. Alkaline, PEM and possibly the next tech break through in reverse energy electrolysers which are far more efficient than basic stack system, fuelling stations across all the countries above and several Government backed projects.
Nel are a superb solid and serious contender being run in a fantastic manner. Actions speak louder than words.
The only one I consistantly see in the rns lists is Siemens Energy who are bagging around 3 contracts a week at the moment along with support from Siemens Gamesa.
These are all global contracts and large scale across different sectors too so derisking just like NEL.
So happy to gave bought in early doors.