TheHydrogenBull
@thehydrogenbull.bsky.social
Managing Member at KV Catalyst. Former portfolio manager for the Resource Real Estate Diversified Income Fund. Previously with Merrill Lynch and Lazard.
9/...Fueling infrastructure for liquid hydrogen is the most important constraint for the roll out.
October 29, 2025 at 1:46 PM
9/...Fueling infrastructure for liquid hydrogen is the most important constraint for the roll out.
8/...completed testing with a variety of customers including #Amazon and #AirProducts that comprised 225,000km of active logistics operations. The Company plans to run another trial starting in Q425 and is preparing for a small-series production of ~100 trucks for late 2026...
October 29, 2025 at 1:46 PM
8/...completed testing with a variety of customers including #Amazon and #AirProducts that comprised 225,000km of active logistics operations. The Company plans to run another trial starting in Q425 and is preparing for a small-series production of ~100 trucks for late 2026...
7/...operating in Switzerland, Germany, and Oakland, CA. Hyundai also leveraged Xcient technology to introduce a hydrogen refuse truck this past summer. Just a little further back in September, #DaimlerTruck announced that five of its GenH2 Class 8 trucks have successfully...
October 29, 2025 at 1:46 PM
7/...operating in Switzerland, Germany, and Oakland, CA. Hyundai also leveraged Xcient technology to introduce a hydrogen refuse truck this past summer. Just a little further back in September, #DaimlerTruck announced that five of its GenH2 Class 8 trucks have successfully...
6/...On October 20th, Hyundai announced the first Australian deployment of its #Xcient FCEV truck to Coregas (chemicals company) that would leverage a hydrogen fueling station also developed by Coregas. A new model of Xcient rolled out last May and over 200 Xcients are already..
October 29, 2025 at 1:46 PM
6/...On October 20th, Hyundai announced the first Australian deployment of its #Xcient FCEV truck to Coregas (chemicals company) that would leverage a hydrogen fueling station also developed by Coregas. A new model of Xcient rolled out last May and over 200 Xcients are already..
5/...fueling station in Ontario, CA near the warehouses where cargo from the Port is stored. Air Liquide will supply the station from it’s a production facility in Nevada that derives liquid hydrogen from methane emitted from a landfill facility for biological waste...
October 29, 2025 at 1:46 PM
5/...fueling station in Ontario, CA near the warehouses where cargo from the Port is stored. Air Liquide will supply the station from it’s a production facility in Nevada that derives liquid hydrogen from methane emitted from a landfill facility for biological waste...
4/...customer operations. The vehicle has a loaded range of 650km and refuels in 15-30 minutes. Separately, Toyota is planning to roll out FCEV #drayage trucks at Long Beach Port where it already produces clean hydrogen and is also working with #AirLiquide to add another...
October 29, 2025 at 1:46 PM
4/...customer operations. The vehicle has a loaded range of 650km and refuels in 15-30 minutes. Separately, Toyota is planning to roll out FCEV #drayage trucks at Long Beach Port where it already produces clean hydrogen and is also working with #AirLiquide to add another...
3/...apparently already in service with a Honda affiliated logistics company in the City of Wuhan with plans to expand to Guangzhou and Shanghai. #Toyota trucking subsidiary #HinoMotors released its Profia Z FCV in Japan on October 24th after extensive real-world testing in...
October 29, 2025 at 1:46 PM
3/...apparently already in service with a Honda affiliated logistics company in the City of Wuhan with plans to expand to Guangzhou and Shanghai. #Toyota trucking subsidiary #HinoMotors released its Profia Z FCV in Japan on October 24th after extensive real-world testing in...
2/...recovery as incumbent heavy duty truck manufacturers slowly move in to fill the vacuum left by those failures. This week, per the article above, #Honda announced it is deploying a “fleet” of FCEV trucks in China with its partner Dongfeng Motor Group. The trucks are...
October 29, 2025 at 1:46 PM
2/...recovery as incumbent heavy duty truck manufacturers slowly move in to fill the vacuum left by those failures. This week, per the article above, #Honda announced it is deploying a “fleet” of FCEV trucks in China with its partner Dongfeng Motor Group. The trucks are...
4/...EV/2026 Projected Sales multiple of 4.6x is relatively in-line with #PlugPower (4.5x). Consensus estimates from a handful of brokerage analysts covering the Company project profitability in 2027.
October 24, 2025 at 3:56 PM
4/...EV/2026 Projected Sales multiple of 4.6x is relatively in-line with #PlugPower (4.5x). Consensus estimates from a handful of brokerage analysts covering the Company project profitability in 2027.
3/... powered fuel cell product specifically for the off-grid and data center backup power markets. As with other smaller hydrogen companies, $PCELL is narrowing its scope and cutting costs. Positive EBITDA for 12 months ended 9/30 is another good data point...
October 24, 2025 at 3:56 PM
3/... powered fuel cell product specifically for the off-grid and data center backup power markets. As with other smaller hydrogen companies, $PCELL is narrowing its scope and cutting costs. Positive EBITDA for 12 months ended 9/30 is another good data point...
2/...of customers move from planning to demonstration project phase and even some repeat business emerges. PEM fuel cells run at lower temperatures so aren't as adaptable as Bloom's solid oxide fuel cells for primary power, but $PCELL says it is rolling out a #methanol...
October 24, 2025 at 3:56 PM
2/...of customers move from planning to demonstration project phase and even some repeat business emerges. PEM fuel cells run at lower temperatures so aren't as adaptable as Bloom's solid oxide fuel cells for primary power, but $PCELL says it is rolling out a #methanol...
5/...truck manufacturers are advancing hydrogen trucks but moving slowly. As we've heard from companies like #BallardPower, the FCEV bus market continues to grow well for $HPUR. Hydrogen tanks for the space exploration industry was another small bright spot for the Company.
October 22, 2025 at 3:01 PM
5/...truck manufacturers are advancing hydrogen trucks but moving slowly. As we've heard from companies like #BallardPower, the FCEV bus market continues to grow well for $HPUR. Hydrogen tanks for the space exploration industry was another small bright spot for the Company.
4/...Revenues for stationary storage equipment (primarily for oxygen and nitrogen) also declined. Revenues were also down in the business that sells fuel tanks to heavy duty fuel cell vehicles. Upstart FCEV truck companies like Nikola and Hyzon are gone and the incumbent...
October 22, 2025 at 3:01 PM
4/...Revenues for stationary storage equipment (primarily for oxygen and nitrogen) also declined. Revenues were also down in the business that sells fuel tanks to heavy duty fuel cell vehicles. Upstart FCEV truck companies like Nikola and Hyzon are gone and the incumbent...
3/..equipment and would use the cylinders and racks on their own truck fleet to deliver H2 to smaller customers (the so called "merchant market"). Notably, #AirProducts also recently announced it was reducing head count at a factory in the US that makes tanks to transport H2...
October 22, 2025 at 3:01 PM
3/..equipment and would use the cylinders and racks on their own truck fleet to deliver H2 to smaller customers (the so called "merchant market"). Notably, #AirProducts also recently announced it was reducing head count at a factory in the US that makes tanks to transport H2...
2/...the Company reported sharp revenue declines in its hydrogen infrastructure business (this is hydrogen cylinders and racks that are installed on flat bed truck trailers to carry those cylinders). An industrial gas company like Linde is an example of a customer for this...
October 22, 2025 at 3:01 PM
2/...the Company reported sharp revenue declines in its hydrogen infrastructure business (this is hydrogen cylinders and racks that are installed on flat bed truck trailers to carry those cylinders). An industrial gas company like Linde is an example of a customer for this...
4/...constrained regional grids have forced data centers to consider developing their own co-located energy generation capacity (i.e. BTM) and also to consider a wider range of energy equipment (e.g., ProEnergy's aeroderivative turbines and #BloomEnergy's solid oxide fuel cells).
October 21, 2025 at 6:58 PM
4/...constrained regional grids have forced data centers to consider developing their own co-located energy generation capacity (i.e. BTM) and also to consider a wider range of energy equipment (e.g., ProEnergy's aeroderivative turbines and #BloomEnergy's solid oxide fuel cells).
3/...uses. ProEnergy originally planned to sell their turbines for the development of peaker plants but have now shifted their focus to data centers. Years long waiting times for conventional gas turbines and/or approvals to connect new energy generation capacity to...
October 21, 2025 at 6:58 PM
3/...uses. ProEnergy originally planned to sell their turbines for the development of peaker plants but have now shifted their focus to data centers. Years long waiting times for conventional gas turbines and/or approvals to connect new energy generation capacity to...
2/...engines and deploying them for stationary power (so called #aeroderivative gas turbines). This is another take on products from companies such as #GEVernova and #SiemensEnergy that have leveraged their expertise in airplane engines to create new products for stationary...
October 21, 2025 at 6:58 PM
2/...engines and deploying them for stationary power (so called #aeroderivative gas turbines). This is another take on products from companies such as #GEVernova and #SiemensEnergy that have leveraged their expertise in airplane engines to create new products for stationary...
10/...configurations as a means of easing demand side inflationary pressures, and in the case of state governments, attracting data center business into the state.
October 20, 2025 at 3:21 PM
10/...configurations as a means of easing demand side inflationary pressures, and in the case of state governments, attracting data center business into the state.
9/...that BTM has also historically been controversial from a regulatory perspective due to concerns about optimizing efficiency of power generation assets or creating a two-tier power market. However, current federal and state governments are more supportive of BTM...
October 20, 2025 at 3:21 PM
9/...that BTM has also historically been controversial from a regulatory perspective due to concerns about optimizing efficiency of power generation assets or creating a two-tier power market. However, current federal and state governments are more supportive of BTM...
8/...to the grid but will use the onsite generation assets as a bridge until the regional grid can catch up. At that point, the onsite assets could be switched to backup use or be converted to serve as a power source for the regional grid. Lastly, it is worth mentioning...
October 20, 2025 at 3:21 PM
8/...to the grid but will use the onsite generation assets as a bridge until the regional grid can catch up. At that point, the onsite assets could be switched to backup use or be converted to serve as a power source for the regional grid. Lastly, it is worth mentioning...