GTLS - Chart Industries Nikola to partner for hydrogen equipment

2023-03-30 08:52:10 ET

Chart Industries ( NYSE: GTLS ) and Nikola ( NASDAQ: NKLA ) on Thursday unveiled a strategic collaboration agreement including liquid hydrogen storage tanks, transport trailers, and the development of new mobile and modular hydrogen refueling stations for quick deployment, as well as the advancement of hydrogen technology for infrastructure and truck on-board fuel systems.

Nikola ( NKLA ) said it has signed purchase orders with Chart ( GTLS ) for multiple liquid hydrogen storage tanks, mobile and modular refueling stations, and liquid hydrogen transport trailers to meet the deployment of Nikola Tre hydrogen electric vehicles.

Through the agreement, Chart ( GTLS ) said it is providing first-of-kind fully integrated mobile and modular hydrogen fueling stations for heavy-duty vehicles providing a quickly deployable fueling solution with lower capital requirements.

Chart Industries ( GTLS ) is "stuck in a tough place," with energy prices tumbling since the Howden deal announcement and financing markets becoming tighter, The Value Investor writes in an analysis posted recently on Seeking Alpha .

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