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Hydrogen Vehicle Systems (HVS) enters administration

It means the end of the road for the newcomer, specializing in the development of hydrogen-powered heavy-duty vehicles. Headquartered in Glasgow, HVS has been active for several years, as we reported multiple times. Over 70 people used to work for the company.

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Norwegian fuel cell maker TECO 2030 files for bankruptcy

"The board of directors has decided to file for bankruptcy. The board decision is unanimous and is due to the fact that there is no longer a realistic opportunity to raise sufficient capital to continue operations", was written in an official note.
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