Nikola Corporation is making headlines with a $100 million common stock sale, a move aimed at stabilizing its finances and advancing hydrogen technology. This bold strategy underscores the company’s commitment to overcoming its challenges, including financial losses and a tarnished reputation from past controversies. Meanwhile, Alpine is exploring hydrogen’s potential in high-performance sports cars, showcasing its Alpenglow concept as a testament to hydrogen’s versatility.
These stories illustrate how hydrogen transforms transportation, offering solutions that blend sustainability with performance across commercial and luxury sectors.
Nikola: Powering the Hydrogen Trucking Era
Nikola, a leader in hydrogen-electric trucking, is redefining commercial transport by addressing the challenges of sustainability and efficiency. Despite recent hurdles—including founder Trevor Milton’s fraud conviction—the company remains committed to advancing hydrogen technology.
Nikola’s progress is reflected in its production of 203 trucks this year, a record achievement. These hydrogen-electric semi-trucks are designed for long-haul operations, leveraging hydrogen’s unique advantages over battery-electric vehicles.
Hydrogen’s fast refueling times and extended driving ranges make it ideal for heavy-duty applications, where downtime can significantly impact productivity.

Financial struggles, however, pose challenges. Nikola reported a $481 million net loss this year and is taking steps to stabilize its finances. The company launched a $100 million stock sale to raise capital, intending to invest in complementary technologies and expand its capabilities. By tackling its $656 million debt through innovative financial strategies, Nikola aims to secure its position in the hydrogen market.
The company’s ambitious goal of selling 300–350 hydrogen-electric trucks by 2024 underscores its commitment to sustainability. With a growing demand for green logistics solutions, Nikola is a key player in transforming the commercial transport sector.
The truck giant is also making huge strides in the hydrogen refueling infrastructure. Recently, Nikola has worked with FirstElement Fuel (FEF) to launch the world’s first hydrogen refueling station for commercial trucks near Oakland’s port. Featuring H70 fast-fill technology, it refuels trucks in 10 minutes, serving 200 trucks daily.
This collaboration, backed by California’s NorCal Zero Project, places Nikola as a leader in the U.S. hydrogen economy, supporting federal goals to establish a robust hydrogen network nationwide.
Over in the luxury auto industry, another company is betting on the future of hydrogen-powered mobility.
Alpine: Speed Meets Sustainability in Sports Cars
Alpine, a brand synonymous with high-performance sports cars, is exploring hydrogen as a means to merge speed and sustainability. Its groundbreaking Alpenglow concept car, unveiled at the 2022 Paris Motor Show, embodies this vision.
The Alpenglow features a hydrogen-powered internal combustion engine (ICE), combining the thrill of motorsports with eco-friendly innovation. At its debut during the 2024 6 Hours of Spa-Francorchamps, the Alpenglow Hy4 prototype demonstrated the feasibility of hydrogen ICE technology.
The Hy4’s 2.0-liter turbocharged engine delivered 340 horsepower, powered by three hydrogen tanks integrated into its aerodynamic design.
Alpine has since advanced its hydrogen technology with the Hy6 model, which boasts a 3.5-liter V6 twin-turbo engine producing 730 horsepower. This evolution highlights the brand’s dedication to pushing the boundaries of sustainable performance.

Looking ahead, Alpine envisions adapting its hydrogen-powered technology for road-legal vehicles. By prioritizing hydrogen alongside electric alternatives, Alpine offers a versatile approach to achieving decarbonization in the automotive sector.
Hydrogen vs. Batteries: The Game-Changer for Heavy-Duty Transport
With its zero-emission potential, hydrogen could play a transformative role in decarbonizing the mobility sector. It offers significant advantages for long-range and heavy-duty transportation, complementing battery electric vehicles (BEVs).
Hydrogen fuel cells are particularly suited for vehicles with heavy payloads, such as trucks, buses, and rail, due to their higher energy density and faster refueling capabilities compared to batteries. This makes hydrogen a key option for commercial fleets and near-continuous-use vehicles.
Moreover, hydrogen refueling takes minutes, compared to the hours needed to charge BEVs, making it a practical choice for industries where time is critical. Also, hydrogen vehicles offer greater range, addressing range anxiety commonly associated with electric cars.
While BEVs dominate the passenger car market, hydrogen’s versatility makes it a compelling alternative for specific use cases. For instance, heavy-duty trucks like Nikola’s hydrogen semis and high-performance vehicles like Alpine’s Alpenglow fill niches where BEVs face limitations.
Hydrogen also provides opportunities for industries beyond automotive, including shipping, aviation, and stationary energy storage. By embracing this technology, companies can diversify their energy strategies and contribute to broader decarbonization goals.
The Road Ahead for a Zero-Emission Future
According to McKinsey & Company’s hydrogen outlook, hydrogen adoption could accelerate, supporting an estimated 80 million zero-emission vehicles by 2030. Long-term projections indicate its role will expand in aviation, freight shipping, and railways, replacing diesel and reducing oil consumption by up to 20 million barrels daily.
As seen in the chart, the mobility sector will be the biggest driver of clean hydrogen demand by 2050.


Additionally, as hydrogen infrastructure and production technologies scale, costs are expected to decline, aligning fuel-cell electric vehicles (FCEVs) closer to internal combustion engines in affordability by 2040.
Challenges and Pathways Forward
Despite its promise, hydrogen faces several challenges. High production costs and limited refueling infrastructure are significant barriers to widespread adoption. Addressing these issues requires collaboration among automakers, governments, and energy providers.
Nikola and Alpine’s efforts show the importance of investing in hydrogen research and development. By refining hydrogen technologies and scaling production, these companies are paving the way for a sustainable future. Policies supporting infrastructure development and subsidies for hydrogen projects can accelerate this transition.
The success of Nikola and Alpine demonstrates that hydrogen is more than a theoretical solution—it is a viable pathway in the race toward sustainable mobility. By integrating hydrogen into their portfolios, these companies are setting benchmarks for innovation and responsibility.
As the automotive industry evolves, hydrogen’s role will only grow. Complementing electric vehicles, hydrogen can unlock a cleaner, more efficient future for transportation, blending innovation and decarbonization.
The post Nikola’s $100M Bet to Fuel Hydrogen Trucking and Alpine’s Leap into Sustainable Speed appeared first on Carbon Credits.
Carbon Footprint
The Strategic Case for Nature-Based Carbon Investments
Nature-based carbon investments deserve consideration when they address a specific business dependency and produce outcomes you can measure. Imagine Moonbucks, a global coffee roaster planning next season’s espresso blend. It is considering natural Grade 4 coffee from Jimma, in southwestern Oromia, Ethiopia. Its sourcing decisions affect the roasting schedule and the cash tied up in coffee purchases. Moonbucks needs to understand which measures could protect that supply, what they would cost and how it would judge the results.
1. Define the sourcing problem before choosing a project
Moonbucks needs a dependable component for its espresso blend. Its procurement team wants continuity of volume and an agreed cup profile. Replacing a shipment at short notice could require new sample approval and changes to the blend, and given the schedules for cultivation, processing, and freight delivery, is practically impossible. Moonbucks needs to get this right, and its initial concern is inconsistent deliveries. It commissions an assessment of the supplying farms and post-harvest chain. The questions cover land condition, harvest availability and whether drying or storage problems are affecting saleable lots.
This distinction changes the investment brief. A tree-planting proposal cannot be assumed to fix drying problems. Better storage cannot restore eroded land. The team must establish which problem exists before selecting the response.
CCC’s guide to finding nature-based solutions in your supply chain explains where to look. Here, the next task is to turn a broad concern into a testable proposal.
2. Develop nature-based carbon investments around the actual supply chain
The assessment would trace Moonbucks’ purchases back through the exporter and supplying producer groups. Which farms supply the contracted lots? Who controls land-management decisions? How long does the buyer expect to maintain the purchasing relationship?
Furthermore, Jimma natural Grade 4 cannot be treated as interchangeable with every Ethiopian coffee. Moonbucks would need to test any substitute against its own blend and quality requirements.
Suppose Moonbucks’ assessment identifies an opportunity to maintain shade trees and restore vegetation along exposed streambanks. The IPCC describes agroforestry as a way to store carbon in vegetation and soil, with potential benefits for erosion control and water quality.1 Moonbucks would need local advice on species, growing conditions and maintenance before deciding how these measures fit its sourcing plan.
The proposal now has a defined sourcing connection and a candidate intervention. The next steps are to test its effect on production, assess carbon eligibility and build the financial case.
3. Compare the proposal with other ways to protect supply
WBCSD’s Nature-based Solutions Blueprint recommends comparing nature-based options with other responses across their benefits and costs.2 For Moonbucks, that means evaluating the landscape proposal alongside drying improvements, storage controls and alternative sourcing arrangements.
The product’s natural-process designation matters. Moonbucks should examine the drying and dry-milling chain alongside land conditions. Its team would check storage practices, contamination risks and incoming-lot quality to see whether problems arise before or after the coffee leaves the farms.
The revised proposal might combine land stewardship with separate post-harvest controls. Each component needs its own purpose and budget. A sustainability label should not obscure which activity is expected to solve which problem.
The project develops as the evidence improves. Its scope should follow the diagnosis rather than preserve the first idea unchanged.
4. Establish what the carbon outcome could count toward
Moonbucks’ sustainability team now tests the proposed carbon case separately from the sourcing case. Is the objective a measurable change in Moonbucks’ value-chain emissions, verified credits for separate voluntary use, or distinct outcomes under carefully defined arrangements?
Scope 3 covers value-chain emissions. A purchasing relationship alone does not prove that a farm intervention can be included in Moonbucks’ inventory. The team needs an applicable accounting method, defensible boundaries and evidence supporting attribution.
SBTi’s FLAG Guidance (forest, land and agriculture), version 1.2, says purchased credits used as offsets cannot meet near-term FLAG or energy and industry targets. Eligible land-based removals are subject to accounting requirements.3 Moonbucks needs to test its proposal against those rules before including an outcome in its targets.
For Moonbucks’ Jimma proposal, maintaining existing trees and establishing new vegetation could involve different carbon questions. Specialists must examine the baseline and additionality, meaning what changes because the project proceeds. They must also assess measurement and the risk that stored carbon is lost. CCC’s MRV and additionality article introduces those tests.
Until that work is complete, Moonbucks should not budget an assumed Scope 3 reduction or credit-sale receipt. Direct emissions reductions remain the priority.
5. Build a financial case that survives weaker assumptions
Moonbucks’ finance team would now build a multi-year budget. UNEP’s State of Finance for Nature 2023 compares current finance with the investment needed to meet climate, biodiversity and land-restoration goals.4 The company would cost its proposed activities, farmer participation and ongoing monitoring. Verification, where required, is a separate expense. Maintenance and responsibility for replacing failed plantings must remain visible after the initial establishment budget ends.
Operational benefits need equally careful treatment. If fewer rejected lots reduce emergency purchasing, count that saving once. Do not add “supply resilience” as another financial benefit when it represents the same avoided cost.
Moonbucks should compare a base case with slower benefits, higher implementation costs and no carbon revenue. It should also distinguish production outcomes from quality and shipment outcomes. A single good harvest would not prove that the landscape intervention caused better delivery performance.
A project can remain worth funding even when its carbon case needs more work. That decision must rest on the operational evidence and the company’s objectives, without unsupported environmental claims.
6. Fund a pilot with a clear expansion decision
Moonbucks’ first approval would fund a bounded pilot, rather than commit the entire sourcing program. Before spending, Moonbucks would agree on participating farms, responsibilities and the evidence needed at review.
Its scorecard could track farmer participation, implementation costs and plant survival, alongside accepted coffee volumes and lot-quality results. Carbon measurements would follow the selected method. Farm-level traceability must connect the intervention to the actual sourcing relationship.
Suppose Moonbucks’ review later finds that storage changes explain most quality improvements, while the land measures need longer observation. Those findings would shape the next decision: expand the proven component, adjust the landscape work or pause further spending. They would not justify crediting all improvements to tree planting.
This gives nature-based carbon investments a practical place in a multi-year strategy. Funding increases as the evidence supports it, and the project can change direction before a larger commitment.
Discuss a sourcing opportunity with CCC
Carbon Credit Capital’s nature-based supply-chain investment service uses its Dual-Value Model to examine supply-chain economics alongside potential sustainability outcomes.
Schedule a consultation to discuss your sourcing exposure and the questions to resolve before allocating capital.
Sources
- Intergovernmental Panel on Climate Change (IPCC), Climate Change 2022: Mitigation of Climate Change, Chapter 7, Agriculture, Forestry and Other Land Uses, section 7.4.3.3 (Agroforestry).
- World Business Council for Sustainable Development (WBCSD), Nature-based Solutions Blueprint, 5 June 2024.
- Science Based Targets initiative (SBTi), Forest, Land and Agriculture Science-Based Target-Setting Guidance, version 1.2, March 2026, section 3.1.4, pp. 37–38.
- United Nations Environment Programme (UNEP), State of Finance for Nature 2023, 2023.
Carbon Footprint
How to buy plastic credits, and what to check before you do
A plastic credit funds the collection of plastic waste in places where no formal system exists to collect it. Each credit represents a measured, independently audited quantity of plastic taken out of the environment or returned to use, tracked on a public registry.
![]()
Carbon Footprint
EU carbon credit claims after 27 September 2026
EU carbon credit claims changed on 27 September 2026, the day the Directive (EU) 2024/825 began to apply across the European Union. The change is narrow. It changes how a company can talk about the credits it buys. A product can no longer be called neutral on the strength of compensation alone; however, every specific, evidenced statement about what a company measured, reduced, and funded stays fully available.
![]()
-
Climate Change1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Greenhouse Gases1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Renewable Energy1 year agoSending Progressive Philanthropist George Soros to Prison?
-
Greenhouse Gases1 year ago
嘉宾来稿:探究火山喷发如何影响气候预测
-
Climate Change2 years agoAnalysis: China’s CO2 falls 1% in Q2 2024 in first quarterly drop since Covid-19
-


