Challenge Nikola? What challen_老虎社区_美港股上老虎

Ariel888
2021-02-11

Challenge Nikola? What challenge? Installinga $13,000 solar roof or something?

A New Hydrogen-Technology Stock Will Challenge Nikola<blockquote>一只新的氢技术股票将挑战尼古拉</blockquote>

As far as the fuels that power the future of transportation, investors have become convinced diesel

A New Hydrogen-Technology Stock Will Challenge Nikola<blockquote>一只新的氢技术股票将挑战尼古拉</blockquote>

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Installinga $13,000 solar roof or something?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/381735072","repostId":1189340956,"repostType":4,"repost":{"id":"1189340956","kind":"news","pubTimestamp":1612950655,"share":"https://www.laohu8.com/m/news/1189340956?lang=zh_CN&edition=full","pubTime":"2021-02-10 17:50","market":"us","language":"en","title":"A New Hydrogen-Technology Stock Will Challenge Nikola<blockquote>一只新的氢技术股票将挑战尼古拉</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189340956","media":"Barrons","summary":"As far as the fuels that power the future of transportation, investors have become convinced diesel ","content":"As far as the fuels that power the future of transportation, investors have become convinced diesel and gasoline are on the way out, whileelectricityandhydrogenare on the way in. That growing belief is reflected in theproliferation, valuations, andperformanceof electric and hydrogen-powered vehicle stocks.<blockquote>就未来交通运输的燃料而言，投资者已经确信柴油和汽油正在被淘汰，而电力和氢气正在进入。这种日益增长的信念反映在电动和氢动力汽车股票的激增、估值和表现上。</blockquote>As of Tuesday, investors have another stock that is part of that story to follow and evaluate. Hydrogen fuel cell makerHyzon Motorshas agreed to merge withDecarbonization Plus Acquisition(ticker: DCRB), a special purpose acquisition company, or SPAC. The companies expect to close the transaction in the second quarter, when Hyzon will take over the SPAC’s Nasdaq listing under a to-be-determined ticker symbol.<blockquote>截至周二，投资者还有另一只股票需要关注和评估，该股票也是该故事的一部分。氢燃料电池制造商Hyzon Motorshas已同意与特殊目的收购公司(SPAC)Decarbonization Plus Acquisition（股票代码：DCRB）合并。两家公司预计将在第二季度完成交易，届时Hyzon将接管SPAC在纳斯达克的上市，股票代码待定。</blockquote>As written, the deal values Hyzon at roughly $2.7 billion including proceeds. But rumors of the coming agreementleaked last week, sending Decarbonization stock higher than the $10 per share that valuation is based on. Shares closed at $17.76 Monday, implying about $4.8 billion for the merged entity.<blockquote>截至撰写本文时，该交易对Hyzon的估值约为27亿美元（包括收益）。但有关即将达成协议的传言上周泄露，导致脱碳股票高于估值所依据的每股10美元。周一股价收于17.76美元，这意味着合并后实体的市值约为48亿美元。</blockquote>It’s an attractive early valuation for a new hydrogen-technology stock.Nikola(NKLA), which became publicly traded via a SPAC merger in 2020, is currently valued at about $9 billion. Fuel cell technology companyPlug Power(PLUG) has a market capitalization of about $32 billion.<blockquote>对于一只新的氢技术股票来说，这是一个有吸引力的早期估值。Nikola(NKLA)于2020年通过SPAC合并上市，目前估值约为90亿美元。燃料电池技术公司Plug Power(PLUG)的市值约为320亿美元。</blockquote>Hyzon’s business model is closer to Plug’s than Nikola’s.Nikola plansto manufacture and assemble Nikola-branded hydrogen fuel-cell powered trucks, plus it also wants to build and operate hydrogen filling stations for its customers. Plug focuses more on hydrogen fuel-cell technology and integrating its technology into multiple transportation applications.<blockquote>Hyzon的商业模式比Nikola更接近Plug.Nikola计划制造和组装Nikola品牌的氢燃料电池动力卡车，此外还希望为客户建造和运营加氢站。Plug更专注于氢燃料电池技术，并将其技术集成到多种交通应用中。</blockquote>Like Plug, Hyzon isn’t interested in building its own trucks from the ground up. The company has developed what it believes is leading hydrogen fuel-cell technology for heavy duty transportation applications. It wants to supply that powertrain to truck-makers and fleet owners to put in whatever truck or bus body they want. Hyzon wants to be like theCummins(CMI) of hydrogen.<blockquote>与Plug一样，Hyzon对从头开始制造自己的卡车不感兴趣。该公司开发了它认为是用于重型运输应用的领先氢燃料电池技术。它希望向卡车制造商和车队所有者提供动力系统，以安装他们想要的任何卡车或公共汽车车身。Hyzon希望成为氢能领域的康明斯(CMI)。</blockquote>“The core value proposition in the vehicle is actually all about the fuel cell,” Hyzon’s CEO and co-founder Craig Knight tellsBarron’s. “Historically a diesel truck has been defined by the quality and performance of its engine, and we don’t think that changes as we [move to hydrogen-powered trucks.]”<blockquote>Hyzon首席执行官兼联合创始人克雷格·奈特(Craig Knight)表示：“汽车的核心价值主张实际上与燃料电池有关。”巴伦周刊“从历史上看，柴油卡车的定义是其发动机的质量和性能，我们认为随着我们[转向氢动力卡车]，这一点不会改变。”</blockquote>Hyzon’s fuel cell tech comes from its parent company, Asia-basedHorizon, which has been developing fuel cells for stationary and mobile power applications for two decades. Horizon will still own about 50% of the outstanding shares of Hyzon when the merger is complete.<blockquote>Hyzon的燃料电池技术来自其母公司亚洲Horizon，该公司二十年来一直在开发用于固定和移动电源应用的燃料电池。合并完成后，Horizon仍将拥有Hyzon约50%的流通股。</blockquote>Commercial hydrogen and electrification stocks are on fire. Several tracked byBarron’s, includingWorkhorse(WKHS) andBallard Power Systems(BLDP) are up about 68% year to date on average after rising roughly 440% in 2020. Both returns crush comparable numbers for the&nbsp;S&amp;P 500.<blockquote>商业氢和电气化股票火爆。几个跟踪者巴伦周刊包括Workhorse(WKHS)和Ballard Power Systems(BLDP)在2020年上涨约440%后，今年迄今平均上涨约68%。这两项回报率都超过了标准普尔500指数的可比数字。</blockquote>Alternative powertrain technology in the commercial vehicle space might happen faster than in personal transportation market. Commercial vehicles are driven more, on average, each day, so fuel savings pile up faster. What’s more, electrified vehicles have fewer parts to fix, so maintenance costs tend to be lower compared with diesel and gasoline powered options.<blockquote>商用车领域的替代动力总成技术可能比个人交通市场出现得更快。平均而言，商用车每天行驶的次数更多，因此燃油节省的速度更快。更重要的是，电动汽车需要修理的零件更少，因此与柴油和汽油动力选择相比，维护成本往往更低。</blockquote>“We expect unavoidable and rapid development of the hydrogen economy globally over the next 10 years,” says Robert Tichio, a Decarbonization SPAC director and partner at private-equity firmRiverstone Holdings.“It is our view that hydrogen is a very important part of the decarbonization solution especially for certain categories of transportation and mobility, and will absolutely coexist with battery electric vehicles.”<blockquote>私募股权公司Riverstone Holdings脱碳SPAC董事兼合伙人Robert Tichio表示：“我们预计未来10年全球氢经济将不可避免地快速发展。”“我们认为，氢是脱碳解决方案非常重要的一部分，特别是对于某些类别的交通和移动性，并且绝对会与纯电动汽车共存。”</blockquote>Riverstone is the sponsor of another SPAC—Decarbonization Plus Acquisition Corporation II(DCRNU)—which just went public last week, raising $350 million.<blockquote>Riverstone是另一家SPAC——Decarbonization Plus Acquisition Corporation II(DCRNU)的赞助商，该公司上周刚刚上市，筹集了3.5亿美元。</blockquote>Decarbonization Plus I listed last fall, raising about $226 million. After fees, Hyzon is getting that cash plus a $400 million private investment in public equity, or PIPE. Institutional investors including BlackRock, Fidelity, and Wellington are putting up that cash at $10 per share.<blockquote>Decarbonization Plus I去年秋天上市，筹集了约2.26亿美元。扣除费用后，Hyzon将获得这笔现金以及4亿美元的公共股权私人投资(PIPE)。包括贝莱德(BlackRock)、富达(Fidelity)和惠灵顿(Wellington)在内的机构投资者以每股10美元的价格提供现金。</blockquote>Proceeds from the deal will go to building out Hyzon’s facilities and team, and toward further research and development.<blockquote>这笔交易的收益将用于建设Hyzon的设施和团队，以及进一步的研发。</blockquote>“There are a lot of companies that want to work with us, because Hyzon represents their first opportunity to scale their hydrogen technologies in the market,” Knight says. “In the next few years, Hyzon will put thousands of vehicles on the road while others are still talking—it’s very easy to talk about getting into hydrogen, but very difficult to do.”<blockquote>“有很多公司希望与我们合作，因为Hyzon代表了他们在市场上推广氢技术的第一次机会，”Knight说。“未来几年，Hyzon将在其他人还在谈论的时候让数千辆汽车上路——谈论进入氢领域非常容易，但做起来非常困难。”</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A New Hydrogen-Technology Stock Will Challenge Nikola<blockquote>一只新的氢技术股票将挑战尼古拉</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA New Hydrogen-Technology Stock Will Challenge Nikola<blockquote>一只新的氢技术股票将挑战尼古拉</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2021-02-10 17:50\n\n</h4>\n</header>\n<article>\nAs far as the fuels that power the future of transportation, investors have become convinced diesel and gasoline are on the way out, whileelectricityandhydrogenare on the way in. That growing belief is reflected in theproliferation, valuations, andperformanceof electric and hydrogen-powered vehicle stocks.<blockquote>就未来交通运输的燃料而言，投资者已经确信柴油和汽油正在被淘汰，而电力和氢气正在进入。这种日益增长的信念反映在电动和氢动力汽车股票的激增、估值和表现上。</blockquote>As of Tuesday, investors have another stock that is part of that story to follow and evaluate. Hydrogen fuel cell makerHyzon Motorshas agreed to merge withDecarbonization Plus Acquisition(ticker: DCRB), a special purpose acquisition company, or SPAC. The companies expect to close the transaction in the second quarter, when Hyzon will take over the SPAC’s Nasdaq listing under a to-be-determined ticker symbol.<blockquote>截至周二，投资者还有另一只股票需要关注和评估，该股票也是该故事的一部分。氢燃料电池制造商Hyzon Motorshas已同意与特殊目的收购公司(SPAC)Decarbonization Plus Acquisition（股票代码：DCRB）合并。两家公司预计将在第二季度完成交易，届时Hyzon将接管SPAC在纳斯达克的上市，股票代码待定。</blockquote>As written, the deal values Hyzon at roughly $2.7 billion including proceeds. But rumors of the coming agreementleaked last week, sending Decarbonization stock higher than the $10 per share that valuation is based on. Shares closed at $17.76 Monday, implying about $4.8 billion for the merged entity.<blockquote>截至撰写本文时，该交易对Hyzon的估值约为27亿美元（包括收益）。但有关即将达成协议的传言上周泄露，导致脱碳股票高于估值所依据的每股10美元。周一股价收于17.76美元，这意味着合并后实体的市值约为48亿美元。</blockquote>It’s an attractive early valuation for a new hydrogen-technology stock.Nikola(NKLA), which became publicly traded via a SPAC merger in 2020, is currently valued at about $9 billion. Fuel cell technology companyPlug Power(PLUG) has a market capitalization of about $32 billion.<blockquote>对于一只新的氢技术股票来说，这是一个有吸引力的早期估值。Nikola(NKLA)于2020年通过SPAC合并上市，目前估值约为90亿美元。燃料电池技术公司Plug Power(PLUG)的市值约为320亿美元。</blockquote>Hyzon’s business model is closer to Plug’s than Nikola’s.Nikola plansto manufacture and assemble Nikola-branded hydrogen fuel-cell powered trucks, plus it also wants to build and operate hydrogen filling stations for its customers. Plug focuses more on hydrogen fuel-cell technology and integrating its technology into multiple transportation applications.<blockquote>Hyzon的商业模式比Nikola更接近Plug.Nikola计划制造和组装Nikola品牌的氢燃料电池动力卡车，此外还希望为客户建造和运营加氢站。Plug更专注于氢燃料电池技术，并将其技术集成到多种交通应用中。</blockquote>Like Plug, Hyzon isn’t interested in building its own trucks from the ground up. The company has developed what it believes is leading hydrogen fuel-cell technology for heavy duty transportation applications. It wants to supply that powertrain to truck-makers and fleet owners to put in whatever truck or bus body they want. Hyzon wants to be like theCummins(CMI) of hydrogen.<blockquote>与Plug一样，Hyzon对从头开始制造自己的卡车不感兴趣。该公司开发了它认为是用于重型运输应用的领先氢燃料电池技术。它希望向卡车制造商和车队所有者提供动力系统，以安装他们想要的任何卡车或公共汽车车身。Hyzon希望成为氢能领域的康明斯(CMI)。</blockquote>“The core value proposition in the vehicle is actually all about the fuel cell,” Hyzon’s CEO and co-founder Craig Knight tellsBarron’s. “Historically a diesel truck has been defined by the quality and performance of its engine, and we don’t think that changes as we [move to hydrogen-powered trucks.]”<blockquote>Hyzon首席执行官兼联合创始人克雷格·奈特(Craig Knight)表示：“汽车的核心价值主张实际上与燃料电池有关。”巴伦周刊“从历史上看，柴油卡车的定义是其发动机的质量和性能，我们认为随着我们[转向氢动力卡车]，这一点不会改变。”</blockquote>Hyzon’s fuel cell tech comes from its parent company, Asia-basedHorizon, which has been developing fuel cells for stationary and mobile power applications for two decades. Horizon will still own about 50% of the outstanding shares of Hyzon when the merger is complete.<blockquote>Hyzon的燃料电池技术来自其母公司亚洲Horizon，该公司二十年来一直在开发用于固定和移动电源应用的燃料电池。合并完成后，Horizon仍将拥有Hyzon约50%的流通股。</blockquote>Commercial hydrogen and electrification stocks are on fire. Several tracked byBarron’s, includingWorkhorse(WKHS) andBallard Power Systems(BLDP) are up about 68% year to date on average after rising roughly 440% in 2020. Both returns crush comparable numbers for the&nbsp;S&amp;P 500.<blockquote>商业氢和电气化股票火爆。几个跟踪者巴伦周刊包括Workhorse(WKHS)和Ballard Power Systems(BLDP)在2020年上涨约440%后，今年迄今平均上涨约68%。这两项回报率都超过了标准普尔500指数的可比数字。</blockquote>Alternative powertrain technology in the commercial vehicle space might happen faster than in personal transportation market. Commercial vehicles are driven more, on average, each day, so fuel savings pile up faster. What’s more, electrified vehicles have fewer parts to fix, so maintenance costs tend to be lower compared with diesel and gasoline powered options.<blockquote>商用车领域的替代动力总成技术可能比个人交通市场出现得更快。平均而言，商用车每天行驶的次数更多，因此燃油节省的速度更快。更重要的是，电动汽车需要修理的零件更少，因此与柴油和汽油动力选择相比，维护成本往往更低。</blockquote>“We expect unavoidable and rapid development of the hydrogen economy globally over the next 10 years,” says Robert Tichio, a Decarbonization SPAC director and partner at private-equity firmRiverstone Holdings.“It is our view that hydrogen is a very important part of the decarbonization solution especially for certain categories of transportation and mobility, and will absolutely coexist with battery electric vehicles.”<blockquote>私募股权公司Riverstone Holdings脱碳SPAC董事兼合伙人Robert Tichio表示：“我们预计未来10年全球氢经济将不可避免地快速发展。”“我们认为，氢是脱碳解决方案非常重要的一部分，特别是对于某些类别的交通和移动性，并且绝对会与纯电动汽车共存。”</blockquote>Riverstone is the sponsor of another SPAC—Decarbonization Plus Acquisition Corporation II(DCRNU)—which just went public last week, raising $350 million.<blockquote>Riverstone是另一家SPAC——Decarbonization Plus Acquisition Corporation II(DCRNU)的赞助商，该公司上周刚刚上市，筹集了3.5亿美元。</blockquote>Decarbonization Plus I listed last fall, raising about $226 million. After fees, Hyzon is getting that cash plus a $400 million private investment in public equity, or PIPE. Institutional investors including BlackRock, Fidelity, and Wellington are putting up that cash at $10 per share.<blockquote>Decarbonization Plus I去年秋天上市，筹集了约2.26亿美元。扣除费用后，Hyzon将获得这笔现金以及4亿美元的公共股权私人投资(PIPE)。包括贝莱德(BlackRock)、富达(Fidelity)和惠灵顿(Wellington)在内的机构投资者以每股10美元的价格提供现金。</blockquote>Proceeds from the deal will go to building out Hyzon’s facilities and team, and toward further research and development.<blockquote>这笔交易的收益将用于建设Hyzon的设施和团队，以及进一步的研发。</blockquote>“There are a lot of companies that want to work with us, because Hyzon represents their first opportunity to scale their hydrogen technologies in the market,” Knight says. “In the next few years, Hyzon will put thousands of vehicles on the road while others are still talking—it’s very easy to talk about getting into hydrogen, but very difficult to do.”<blockquote>“有很多公司希望与我们合作，因为Hyzon代表了他们在市场上推广氢技术的第一次机会，”Knight说。“未来几年，Hyzon将在其他人还在谈论的时候让数千辆汽车上路——谈论进入氢领域非常容易，但做起来非常困难。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/hyzon-agrees-to-a-merger-there-will-be-a-new-hydrogen-technology-stock-to-challenge-nikola-51612832526?mod=hp_DAY_8\">Barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/hyzon-agrees-to-a-merger-there-will-be-a-new-hydrogen-technology-stock-to-challenge-nikola-51612832526?mod=hp_DAY_8","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189340956","content_text":"As far as the fuels that power the future of transportation, investors have become convinced diesel and gasoline are on the way out, whileelectricityandhydrogenare on the way in. That growing belief is reflected in theproliferation, valuations, andperformanceof electric and hydrogen-powered vehicle stocks.As of Tuesday, investors have another stock that is part of that story to follow and evaluate. Hydrogen fuel cell makerHyzon Motorshas agreed to merge withDecarbonization Plus Acquisition(ticker: DCRB), a special purpose acquisition company, or SPAC. The companies expect to close the transaction in the second quarter, when Hyzon will take over the SPAC’s Nasdaq listing under a to-be-determined ticker symbol.As written, the deal values Hyzon at roughly $2.7 billion including proceeds. But rumors of the coming agreementleaked last week, sending Decarbonization stock higher than the $10 per share that valuation is based on. Shares closed at $17.76 Monday, implying about $4.8 billion for the merged entity.It’s an attractive early valuation for a new hydrogen-technology stock.Nikola(NKLA), which became publicly traded via a SPAC merger in 2020, is currently valued at about $9 billion. Fuel cell technology companyPlug Power(PLUG) has a market capitalization of about $32 billion.Hyzon’s business model is closer to Plug’s than Nikola’s.Nikola plansto manufacture and assemble Nikola-branded hydrogen fuel-cell powered trucks, plus it also wants to build and operate hydrogen filling stations for its customers. Plug focuses more on hydrogen fuel-cell technology and integrating its technology into multiple transportation applications.Like Plug, Hyzon isn’t interested in building its own trucks from the ground up. The company has developed what it believes is leading hydrogen fuel-cell technology for heavy duty transportation applications. It wants to supply that powertrain to truck-makers and fleet owners to put in whatever truck or bus body they want. Hyzon wants to be like theCummins(CMI) of hydrogen.“The core value proposition in the vehicle is actually all about the fuel cell,” Hyzon’s CEO and co-founder Craig Knight tellsBarron’s. “Historically a diesel truck has been defined by the quality and performance of its engine, and we don’t think that changes as we [move to hydrogen-powered trucks.]”Hyzon’s fuel cell tech comes from its parent company, Asia-basedHorizon, which has been developing fuel cells for stationary and mobile power applications for two decades. Horizon will still own about 50% of the outstanding shares of Hyzon when the merger is complete.Commercial hydrogen and electrification stocks are on fire. Several tracked byBarron’s, includingWorkhorse(WKHS) andBallard Power Systems(BLDP) are up about 68% year to date on average after rising roughly 440% in 2020. Both returns crush comparable numbers for the S&P 500.Alternative powertrain technology in the commercial vehicle space might happen faster than in personal transportation market. Commercial vehicles are driven more, on average, each day, so fuel savings pile up faster. What’s more, electrified vehicles have fewer parts to fix, so maintenance costs tend to be lower compared with diesel and gasoline powered options.“We expect unavoidable and rapid development of the hydrogen economy globally over the next 10 years,” says Robert Tichio, a Decarbonization SPAC director and partner at private-equity firmRiverstone Holdings.“It is our view that hydrogen is a very important part of the decarbonization solution especially for certain categories of transportation and mobility, and will absolutely coexist with battery electric vehicles.”Riverstone is the sponsor of another SPAC—Decarbonization Plus Acquisition Corporation II(DCRNU)—which just went public last week, raising $350 million.Decarbonization Plus I listed last fall, raising about $226 million. After fees, Hyzon is getting that cash plus a $400 million private investment in public equity, or PIPE. Institutional investors including BlackRock, Fidelity, and Wellington are putting up that cash at $10 per share.Proceeds from the deal will go to building out Hyzon’s facilities and team, and toward further research and development.“There are a lot of companies that want to work with us, because Hyzon represents their first opportunity to scale their hydrogen technologies in the market,” Knight says. “In the next few years, Hyzon will put thousands of vehicles on the road while others are still talking—it’s very easy to talk about getting into hydrogen, but very difficult to do.”","news_type":1,"symbols_score_info":{"NKLA":0.9,"DCRB":0.9}},"isVote":1,"tweetType":1,"viewCount":1343,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":69,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}