NKLA - Nikola Stock Fell Despite Creating Hydrogen Fuel Cell Truck Fueling Solutions
Nikola Stock ( NASDAQ:NKLA )
Nikola Corporation ( NASDAQ:NKLA ) announced that it had built a heavy-duty hydrogen mobile fueler capable of directly feeding hydrogen fuel cell electric cars. The fueler has a pressure of 10,000 psi and 700 bars.
The business claims that its mobile fueler program comprises not only its own mobile fuelers but also several mobile fuelers owned by other parties. As a result, the firm anticipates that it will be able to provide its clients with a wide range of flexible fuelling alternatives.
The first mobile fueler produced by Nikola stock has completed commissioning and testing. It has been made available for use in the market. In addition, the corporation has more hydrogen mobile fuelers that will be put into service during this quarter.
According to the CEO of Nikola, Michael Lohscheller, “Nikola has spent the better part of two years creating a flexible mobile fuelling system that cools and compresses hydrogen to fast fill 700 bar FCEV heavy-duty vehicles.”
“Nikola’s mobile fueler, when combined with the company’s hydrogen tube trailer, which has a capacity of 960 kg, can refill client trucks in a back-to-back fashion. This will supply flexible hydrogen fuelling options for our clients beginning in 2023 and complement Nikola’s ongoing development of permanent hydrogen filling stations. Nikola’s customers will benefit from both solutions.”
In addition to the money given by the HVIP, buyers of Nikola’s Tre FCEVs will be eligible for an extra clean commercial vehicle tax credit from the federal government for $40,000 in 2023 as a...
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