Another H2 hype bubble burst

[dan_b]

Not even heard of these shysters before, but it seems Hyzon Trucks is yet another H2 mirage.

https://www.hydrogeninsight.com/transpo ... -1-1420079

[Mr Gus]

The investigation committee was appointed in August last year by Hyzon’s board of directors to look into “revenue recognition timing” as well as other “controls and procedures” at the company, primarily relating to its business activities in China.

If you watch the china show / serpentZA then this practise comes as no surprise, I WAS going to ask where the money came from, but didn't bother when it was clear it was just a chinese company setting up to import from china.

You've got to get in your head "Tofu dregs" operational standards of many (not all) companies & contractors attitudes result in DNGAF chaos on infrastructure & attitude, after that you can apply insight.

We had it many years ago with a famous component switch-out (cost the factory who charged our kit less & bumped up up overall profit, needless to say they didn't cough up for the problems caused, exactly why we sat competent british staff out there to reduce risk of getting our butts wrecked by supposed supply partners.

[Mr Gus]

Makes for a lot of bad news that magazine (depending on where you hedged your bets)

Time to up the politicians bungs hydrogen industry lads?

https://www.hydrogeninsight.com/transpo ... -1-1473602