NKLA - Nikola and Voltera Announce Strategic Partnership on Hydrogen Station Infrastructure

2023-05-02 16:16:34 ET

Nikola Corporation (NASDAQ: NKLA) has announced a definitive agreement to develop the hydrogen fueling infrastructure required to support Nikola’s deployment of its zero-emissions vehicles. Through the partnership, Nikola and Voltera will develop up to 50 HYLA stations through North America within the next five years. This partnership is in-line with Nikola’s previously announced plans to develop 60 stations by 2026.

“Our partnership with Voltera will bring substantial capital and expertise to support Nikola’s plans to build refueling infrastructure to support its customers,” said Carey Mendes, President, Nikola Energy. “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. Nikola and Voltera have a shared commitment to the rapid deployment of infrastructure which is key to enabling the transition to a zero-emission economy.”

“Voltera’s mission is to accelerate the adoption of zero-emission vehicles, by taking on the complex and costly nature of developing the necessary infrastructure,” said Matt Horton, CEO of Voltera. “By partnering with Nikola, we are expanding our focus beyond battery-electric vehicle charging in order to dramatically increase hydrogen fueling infrastructure, reduce barriers for operators buying vehicles at scale to enable mass adoption of hydrogen trucks.”

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