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BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HZOZF | HROZF

HOU¿s investment objective is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.


TSX:HOU - Post by User

Post by Zimmee1on Jan 27, 2021 9:31pm
195 Views
Post# 32406147

Is this dream a reality about hydrogen fuel to heavy trucks?

Is this dream a reality about hydrogen fuel to heavy trucks?https://www.stcatharinesstandard.ca/ts/business/2021/01/27/gm-navistar-to-build-hydrogen-powered-heavy-trucks.html
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GM, Navistar to build hydrogen-powered heavy trucks

DETROIT—In about three years, Navistar plans to start selling low-emission hydrogen-powered heavy trucks under a partnership with General Motors and a small distribution company called OneH2.

The venture announced Wednesday is an early commercial deployment of the technology in U.S. long-haul trucking. Navistar hopes it will start widespread use of hydrogen-electric trucks, which will reduce greenhouse gas emissions that come from burning diesel fuel.

GM will provide fuel cell “power cubes” to Navistar, while OneH2 will set up fuelling stations either by trucking hydrogen to terminals or through small hydrogen generation units, the companies said in a statement.

 

Trucking company J.B Hunt will use test trucks in a pilot program starting toward the end of next year. Navistar says its trucks will be able to go more than 800 km on a single charge and can be refuelled in less than 15 minutes.

None of the companies would give financial details of the collaboration. GM, which has been researching hydrogen fuel cells for 50 years, has stated in the past it wants to develop markets to sell its new technologies to other companies. Navistar said it would take a minority stake in Longview, N.C.-based OneH2.

The companies said the cost of running Navistar’s International RH fuel-cell electric vehicles is expected to be comparable to diesel in certain markets.

They are expected to be commercially available sometime in 2024 to run routes with OneH2 refuelling stations along the way.

 

“It is going to be opened and expanded to other companies,” said Navistar CEO Persio Lisboa. “There’s been a lot of interest from our customers.”

J.B. Hunt wouldn’t say where the trucks would run in the test program.

“It can be anywhere. We have a lot of flexibility as we roll this out,” said Nick Hobbs, the company’s chief operating officer.

Hydrogen fuel cell trucks have an advantage over battery-electric powered trucks, with longer range pulling heavy loads, and because they can be refuelled faster, said Charles Freese, executive director of GM’s fuel cell business.

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