Nikola Motor and Plug Power announced strategic collaboration. The two companies have signed an innovative Green Hydrogen Supply Agreement with synergies for both Nikola and Plug’s business models. According to the agreement, Plug Power will purchase up to 75 Nikola Tre FCEVs over the next three years, with the first trucks being delivered in 2023. The Nikola trucks will help to deliver green hydrogen to customers in North America as part of Plug’s commitment to advancing the decarbonization of energy.
Plug Power’s contribution to the Nikola hydrogen hub
The acquired FCEVs will be paired with Plug’s liquid hydrogen tankers. Furthermore, Plug Power has been selected to provide its fully integrated liquefaction system for the recently announced Nikola hydrogen hub project, which will be engineered to produce 30 metric-tons per day in its first phase, scaling up to 150 metric-tons per day. The low carbon hydrogen supply from the hub will further support the deployment of the Nikola Tre FCEV program and Nikola’s hydrogen energy business.
This innovative green hydrogen supply and offtake partnership is expected to provide Nikola with a minimum of 100 metric-tons per day of hydrogen, with the option to increase volume over time, and will allow Nikola to source hydrogen from multiple locations across the country as Plug continues to bring on new supply facilities.
Statements from the partners
“Nikola and Plug share a common vision for sustainable, efficient, energy solutions which supports our commitment to decarbonize the transportation industry,” said Nikola President, Energy, Carey Mendes. “This strategic relationship will help underpin Nikola’s ambitious growth plans to expand the hydrogen energy business and to support the adoption of Nikola’s zero-emission Class 8 trucks.”
“Today’s announcement demonstrates Plug’s leadership in the green hydrogen economy and its ability to make the adoption of hydrogen as easy as possible by aligning with industry pioneers, such as Nikola,” added Sanjay Shrestha, CSO and General Manager of Energy Solutions for Plug. “Our vertically integrated solutions, which are designed to fit individual customer needs, include hydrogen production equipment or the delivery of hydrogen fuel, whichever is preferred. We look forward to our strategic relationship with Nikola as we advance the hydrogen economy together”.