Nikola Inks Hydrogen Gas Provide Deal for FCEV Vehicles
A Nikola Tre FCEV and a BayoTech HyFill bulk hydrogen transport trailer. Nikola is ready to start taking supply of low-carbon hydrogen from BayoTech in Missouri later this 12 months and in California from 2024 onward. (Nikola Corp. and BayoTech)
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Nikola Corp. has reached a deal to purchase hydrogen from BayoTech to gasoline the truck producer’s Class 8 Tre gasoline cell electrical automobiles, it stated.
Phoenix-based Nikola is ready to start taking supply of low-carbon hydrogen from BayoTech in Missouri later this 12 months and in California from 2024 onward, it stated.
Nikola additionally plans to accumulate as much as 10 HyFill transport trailers from BayoTech, which is able to allow distribution of hydrogen between manufacturing websites and refueling stations that serve FCEV fleets.
Nikola didn’t present particulars on how a lot hydrogen it agreed to buy or how a lot it’s going to pay for the gasoline and refueling trailers. Firm representatives didn’t reply to requests for remark.
Conversely, BayoTech will purchase as much as 50 Nikola Class 8 FCEVs over the subsequent 5 years to make deliveries to the Albuquerque, N.M.-based producer’s different prospects, Nikola stated. The primary 12 are scheduled to be delivered in 2023 and 2024.
Nikola introduced right this moment a brand new strategic provide settlement that features as much as 50 Nikola Class 8 hydrogen gasoline cell electrical vans, hydrogen transport trailers, and hydrogen produced at a distributed community of hubs. Study extra about Nikola’s newest partnership.… pic.twitter.com/0NP4czPBRG
— Nikola Motor Firm (@nikolamotor) July 13, 2023
“Nikola and BayoTech are united by a standard aim of offering dependable entry to hydrogen all through america,” stated Nikola CEO Michael Lohscheller.
The deal is a part of Nikola’s plan to construct a truck manufacturing, hydrogen manufacturing and provide infrastructure ecosystem. Earlier in July, the corporate stated it received a $41.9 million grant to construct six Southern California refueling stations. The grant was awarded by the California Transportation Fee beneath the Commerce Hall Enhancement Program.
Did you hear the information? @H2Bayo and @nikolamotor have partnered to advance #zeroemission #hydrogen supply!
Learn the complete story right here: https://t.co/12gjm4C6sw pic.twitter.com/L1Q1VpvtvM
— BayoTech Hydrogen (@H2Bayo) July 17, 2023
In Could, Nikola stated it was teaming up with Herndon, Va.-based infrastructure specialist Voltera to develop as much as 50 hydrogen refueling stations. Voltera is backed by Swedish funding group EQT.
Nikola stated it had 178 hydrogen truck gross sales orders from 14 finish prospects as of June 16, in contrast with 140 orders from 12 prospects in Could. The corporate in its first-quarter 2023 earnings launch introduced a swap to focus solely on FCEVs and to halt manufacturing of pure battery-electric vans.
Nonetheless, Nikola’s goal to focus solely on the hydrogen sector would require additional cash, and in the intervening time it’s nonetheless searching for shareholder approval to boost the funds to take action. On July 6, Nikola adjourned its 2023 annual stockholder assembly till Aug. 3 after the corporate failed for a second time to win sufficient assist from buyers to challenge extra shares.
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