Nikola Secures Energy Partner for Hydrogen Production

1 min read

Truck maker Nikola (NASDAQ: NKLA) said late Tuesday that it has finalized a deal to receive affordable electricity needed to produce hydrogen for the company’s planned fueling network.

The company said it has secured a rate schedule with Arizona Public Service, a unit of utility holding company Pinnacle West Capital (NYSE: PNW), that Nikola says “makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry.”

A pair of Nikola Two trucks. Image source: Nikola.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

3 Dividend Aristocrats to Buy Right Now

Next Story

Better Buy: McDonald’s vs. BJ’s Restaurants

Latest from Blog