Nikola, Plug Power commit on strategic Green Hydrogen supply and mobility
Nikola Corporation has announced strategic collaboration with turnkey hydrogen solutions provider Plug Power to move forward the ideals of the hydrogen economy, including the supply of green hydrogen, liquefaction, and mobility.
As part of the collaboration, Plug Power will purchase up to 75 Nikola Tre hydrogen fuel cell electric vehicles for green hydrogen delivery over the next three years, with the first trucks being delivered in 2023. These trucks will help deliver green hydrogen to customers in North America as part of Plug's commitment to advancing the decarbonization of energy.
On the other hand, Nikola will purchase 30 metric-tons per day liquefaction system from Plug for the recently announced Ariz. hydrogen hub project. Plug has been selected to provide its fully integrated liquefaction system for the 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 companies have also executed a 125 metric-tons per day green gydrogen supply agreement. The 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.
"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," said 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", he added.