‘Zero Emission’ Truck Fraud: Candid Camera Meets Nikola (Trevon Milton to the Slammer?)

By Kennedy Maize -- December 27, 2023

Ed. Note: A classic Candid Camera episode is where a car without a motor makes a downhill stop at a service station for a checkup. The attendants are stunned to find the car is engineless. Fiction and funnies turned into fact with Trevor Milton, whose hydrogen/fuel cell/electric truck company, Nikola Corp., pulled this stunt with a rolling truck in a promotional video. Kenneth Maize has the story in “Trevor Milton, E-truck Nikola Corp. Founder, Headed to Prison?“

“It was mostly smoke and mirrors. The company had acquired “gliders,” truck platforms without engines. In one notorious case highlighted by Hindenburg, Nikola in 2018 posted a YouTube video of a battery-powered Nikola cab and trailer … moving rapidly along a desert highway. Hindenburg said the truck wasn’t moving under its own power.

…

More SMR Woes: Oklo/Air-Force Cancellation

By Kennedy Maize -- December 12, 2023

Another small modular nuclear reactor (SMR) has seen a major contract in jeopardy, casting more doubt on the prospects for this highly-touted technology of the future. The online news service Alaska Beacon reports that the Defense Logistics Agency (DLA) has revoked an August Air Force preliminary decision to install an experimental Oklo micro reactor at Eielson Air Force near Fairbanks, Alaska.

The Defense Department logistics arm refused repeated requests for details and clarification of the cancellation of the Oklo project. The chance to build a small nuclear power plant at the Alaskan location drew interest from SMR vendors Oklo, BWXT, Westinghouse, NuScale Power, and Rolls Royce, among other interested energy parties at a meeting last year.

According to the Alaska Beacon, Seattle-based Ultra Safe Nuclear Corp.,…

NuScale Power: Small Reactors, Big Legal Problems

By Kennedy Maize -- December 5, 2023

Note: NuScale stock price has continued its decline, falling from a recent high of $57.42 (October 2025) to a recent low of $10.01 (March 30, 2026).

Small modular nuclear reactor developer NuScale Power, rocked by collapse of its only project and hammered by a freefall in its share prices, is facing another major threat. Boston-based law firm Block & Leviton announced Monday (Nov. 27) that it has filed a “class-action shareholder lawsuit in federal court, alleging the company ‘made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects.’”

Those who have followed NuScale closely have known that the company’s deal with the Utah Associated Municipal Power Systems (UAMPS) was in trouble well before its cancellation announced Nov. 8. Just before UAMPS walked out of the deal to supply six 77-MW small modular reactors to serve cities in 16 western states, NuScale announced a deal with a company trying to develop data centers for crypto currency mining operations.…