Hyzon Motors, a US-based hydrogen fuel cell truck manufacturer, is closing its European truck factory in Winschoten, Netherlands, less than a year after acquiring full ownership of its European operations. The decision comes amid a shift towards a third-party assembly model, mirroring its approach in the US. This follows a turbulent year for Hyzon, with governance and compliance issues leading to a complete overhaul of its senior management team and board. In September, Hyzon agreed to pay a $25 million penalty to the US Securities and Exchange Commission (SEC) to resolve allegations of misrepresenting the status of its business dealings.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
