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Japanese demonstration project begins for commercialization of vessels equipped with high-power fuel cells

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The project, which will begin this month, is Japan’s first effort to develop a commercially available FC vessel and carry out a demonstration operation involving the supply of hydrogen fuel. The partners will begin a feasibility study in September 2020 and start designing the vessel and hydrogen-fuel-supply equipment in 2021.

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Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

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Nikola’s business model supplies both the truck and hydrogen fueling infrastructure, solving the fleets’ concerns of where to refuel with green hydrogen at competitive pricing to diesel. Cowen is serving as financial and capital markets advisor, and Greenberg Traurig, LLP is serving as legal advisor to VectoIQ.

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ElectraMeccanica and Tevva to merge; targeting electric commercial trucks in UK, Europe and US

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battery-electric truck to commercial fleet customers focused on urban delivery—a critical and high-growth segment of the overall commercial truck market for delivery-dependent urban areas. McCarthy Tétrault LLP and Fox Williams LLP are serving as legal counsel to ElectraMeccanica in connection with the proposed transaction.

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Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

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Nikola intends to use the net proceeds from the sale of the Notes along with its other liquidity sources for business expansion in the form of scaling truck manufacturing and tooling setup, accelerating the development of its hydrogen infrastructure, as well as for general corporate purposes. —Nikola CFO Kim Brady.

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Skeleton Technologies raises €41.3 million in Series D from top European entrepreneurs

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The company acquired major new clients in the last months, including a world leader in renewable energy production and a leading hydrogen bus manufacturer. Ellex Raidla acted as legal advisors to Skeleton Technologies. The total commercial backlog is currently more than €150 million (US$176 million).

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BASF and Heraeus to form JV in China to recover PGMs from spent automotive catalysts

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The founding of the legal entity is targeted in Q1 2022, following the approval of the relevant authorities. The precious metals are used to make new products for the automotive, chemical, electronics and green hydrogen industries. —Tim Ingle, Vice President, BASF Precious Metals Refining, Chemicals & Battery Recycling.

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Road-legal Fuel Cell Black Cabs make first appearance on London’s roads

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Fuel Cell Black Cabs are on the roads of London for the first time since being awarded Road Legal status by the UK Vehicle Certification Authority (VCA). Earlier post.). The Fuel Cell Black Cab on Westminster Bridge as it passes the Houses of Parliament. Click to enlarge. Acceleration from 0-30 mph takes 4.5

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