- Nikola Corp (NASDAQ:NKLA) and decarbonization infrastructure provider Voltera signed a definitive agreement to develop the hydrogen fueling infrastructure to support Nikola’s deployment of zero-emissions vehicles.
- Under the strategic partnership agreement, the parties plan to develop up to 50 HYLA stations throughout North America over the next five years.
- The partnership is a part of Nikola’s prior announced plans to develop 60 stations by 2026.
- Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, with Nikola supplying the hydrogen fuel and technical expertise.
- The partnership will boost the deployment of the several billion dollars Voltera plans to invest in EV charging and hydrogen fueling facilities.
- “Voltera’s expertise in building out zero-emission energy infrastructure will be a key enabler for Nikola’s first-to-market hydrogen fuel cell electric trucks and fueling infrastructure,” said Carey Mendes, President, Nikola Energy.
- Price Action: NKLA shares are trading higher by 2.64% at $0.8594 on the last check Tuesday.
- Photo Via Company
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