Plan to buy up to 75 Nikola Tre hydrogen fuel-cell electric vehicles for green hydrogen delivery
Nikola buys 30 metric tons per day from Plug for the Ariz project. hydrogen hub
The companies have signed a new agreement Green Hydrogen Supply and communication for the business models of Nikola and Plug.
PHOENIX, December 15, 2022 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emission transportation and energy supply and technology solutions, and Power Program (Nasdaq: PLUG), a leading provider of hydrogen solutions for the global hydrogen economy, today announced a strategic vision to focus on advancing the hydrogen economy.
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The Nikola Tre fuel-cell electric vehicle (FCEV) is an industry-leading, hydrogen-powered cabover for long or continuous metro-regional applications and is expected to have a long range in 500 miles. Plug will purchase up to 75 Nikola Tre FCEVs over the next three years, with the first vehicles delivered in 2023.
The Nikola Tre fuel-cell electric vehicle (FCEV) is an industry-leading, hydrogen-powered cabover for long or continuous metro-regional applications and is expected to have a long range in 500 miles. Plug will purchase up to 75 Nikola Tre FCEVs over the next three years, with the first vehicles delivered in 2023. The Nikola vehicles will help to supply green hydrogen to domestic customers. North America as part of Plug’s commitment to expanding energy efficiency. The acquired FCEVs will be equipped with Plug’s hydrogen fuel tanks, which will be the first mass-market vehicles produced with unprecedented payloads. the road.
Nikola’s recent hydrogen hub project, located in the Buckeye City, Ariz.. Plug has been selected to fully integrate the liquefaction system for the project which will be engineered to produce 30 metric-tons per day in its first phase, increasing to 150 metric- tons per day. The low carbon hydrogen supply from the site will further support the implementation of the Nikola Tre FCEV program and Nikola’s hydrogen energy business.
The company has also made a 125 metric ton per day Green Hydrogen Supply Agreement. This new supply of hydrogen and the partner will not be able to get Nikola at least 100 metric-tons per day of hydrogen, with the option to increase the volume over time , and Nikola will be able to get hydrogen from many places around the country like Plug. new sites are still being imported.
“Nikola and Plug share a common vision for sustainable, efficient, energy-efficient solutions that support our commitment to improve the transportation industry,” it said. Nicholas Presidentstrength, Carey Mendes. “This close relationship will help establish Nikola’s growth plans to expand the hydrogen energy business and support the use of Nikola’s zero-emission Class 8 trucks.”
“Today’s announcement demonstrates Plug’s leadership in the green hydrogen economy and its ability to facilitate the use of hydrogen by partnering with industry pioneers, such as Nikola,” the said. Sanjay Shrestha, CSO and CEO of Energy Solutions for Plug. “Our integrated solutions, which are designed to meet the needs of each individual, include hydrogen production machines or the delivery of hydrogen fuel, wherever it is desired. We look forward to our relationship close with Nikola as we expand the hydrogen economy.”
The electric-electric car Nikola Tre, with a range of up to 330 miles, started serial production in March 2022 and are available for immediate delivery. For more information, visit Nikola Electrify Your Fleet online.
About Nikola Corporation
Nikola Corporation is changing the transportation industry worldwide. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicles, vehicle parts, energy storage systems, and power plant applications, it is encouraged Nikola revolutionizes the economic and environmental impact of business as we know it. today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.
Nikola Notes Forward
Certain information contained in this press release is not historical forward-looking information. Forward-looking statements are often accompanied by words such as “believe,” “may,” “may,” “estimate,” “continue,” “expect,” “anticipate,” “anticipate, “”should,” “have,” “plan,” “forecast,” “can,” “look,” “seek,” “future,” “foresee,” and similar expressions predict or indicate things of future events or trends are not historical statements. These forward-looking statements include, but are not limited to, statements about expected benefits. the collaboration between Nikola and Plug. These statements are based on different opinions, whether expressed or not in this press release, and on the current intentions of Nikola’s management. E We cannot assure you that forward-looking statements will be achieved and forward-looking statements are not indicative of actual performance. front is subject to risks and uncertainties that can cause differences in prices actual results from forward-looking statements, including but not limited to, the inability to realize the expected benefits of the joint venture between Nikola and Plug; design and manufacturing changes, challenges and delays; economic, financial, legal, supply chain, regulatory, political and business conditions and changes in domestic and foreign markets; the challenges that may arise from COVID-19; the outcome of legal, regulatory and judicial proceedings to which Nikola is, or may be, a party; demand for and customer acceptance of Nikola trucks; risks associated with the development and testing of electric power plants and the use of hydrogen; risks related to the introduction of Nikola’s business and the timing of the expected business, including the delivery of trucks for sale; the effect of competition on Nikola’s future business; the availability of capital; effects related to changes in accounting or accounting standards; and other risks described from time to time in Nikola’s reports filed with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the last quarter. September 30, 2022 and other documents Nikola files with the SEC. If any of these risks occur or our assumptions prove to be incorrect, actual results could differ materially from those represented by This information is forward looking. These forward-looking statements speak only as of their current date and Nikola specifically disclaims any obligation to update these forward-looking statements. in front.
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