In the first quarter of 2024, Nikola, under its Hyla brand, manufactured 43 Class 8 hydrogen fuel-cell electric vehicles, wholesaling 40 of them to end customers. Nikola’s CEO, Steve Girsky, expressed optimism for future sales growth, citing the upcoming availability of Hyla hydrogen fueling solutions, including modular refueling stations in California and Edmonton, Alberta. Reuters reported that Nikola surpassed delivery estimates for the first quarter, indicating a positive trend for the company.
Snam, an Italian energy infrastructure company, awarded Baker Hughes a contract to supply three hydrogen-ready gas turbine-driven compressor trains for a new gas compressor station in Italy. This move reflects a growing interest in hydrogen technology within the energy sector, particularly in Europe.
Nikola’s Hyla Brand (Credits: Transport Topics)
HDF Energy reported €3.9 million ($4.2 million) in consolidated revenue for 2023, marking an increase from €3.5 million in 2022. Despite revenue growth, the French hydrogen developer posted a net loss of €7.8 million for the year, attributing it to adverse economic conditions and project complexities.
HDF Energy highlighted progress on projects in Namibia, Mexico, and Indonesia, with construction slated to begin in the coming years.
The European Commission approved a €900 million French scheme aimed at supporting companies investing in biomass and renewable hydrogen.
This initiative offers direct grants to cover part of eligible investment costs, with projects required to be completed and operational within 36 months of receiving aid. The approval underscores efforts to promote sustainable energy practices and reduce carbon emissions in the European Union.
