PHOENIX, Aug. 4, 2022
/PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global
leader in zero-emissions transportation and energy
infrastructure solutions, today announced the locations of
three California hydrogen stations
to advance and scale up its long-term hydrogen distribution
solutions to service market demand. Nikola's integrated energy and
zero-emissions truck portfolio will be underpinned by
developing hydrogen supply and refueling infrastructure, an
essential step in helping to decarbonize the heavy-duty transport
sector.
The three California refueling
stations and logistics infrastructure will be located in the cities
of Colton, Ontario and a location servicing the Port of
Long Beach. To further support
truck demand, plans for additional stations are in progress and
will be announced in the near future.
California is a launch market
for Nikola and these stations will support key customers and
advance the state's efforts to decarbonize the transport
sector.
"This marks an important step in Nikola's ability to deliver
innovative solutions and the infrastructure needed to decarbonize
the transportation industry," says President, Nikola Energy Pablo
Koziner. "Our hydrogen refueling stations, along with a
comprehensive energy supply, will provide customers the support
needed to transition their fleets to zero-emissions."
The Ontario location is part of
Nikola's previously announced collaboration with
TravelCenters of America.
"TA is committed to providing viable infrastructure to support
the nation's shift toward alternative fuels, and this collaboration
with Nikola reflects our ongoing commitment to this goal," said
Jon Pertchik, Chief Executive
Officer of TravelCenters of America. "The success of the
transportation industry's transition toward alternative fuel
adoption is dependent, in part, on collaborations like
this."
There are a number of distribution centers in the city of
Colton, making it an ideal
location for future Nikola FCEV customers.
"The establishment of a 'clean fuel' facility for heavy-duty
commercial vehicles, such as semi-trucks, is a huge step forward in
seeing the trucking industry move towards these types of
vehicles. Actions like these are building blocks to cleaner
air for Colton residents and the
surrounding region and we are proud to support initiatives that
align with our vision," said Mario
Suarez, Planning Manager, City of
Colton, California.
The ports of Long Beach and
Los Angeles are major global
commercial transportation hubs and are focused on leading
decarbonization. Our station servicing port customers will be a
critical anchor of our hydrogen dispensing infrastructure.
"The Nikola hydrogen refueling stations represent an important
step forward to enable zero-emissions logistics solutions in
Southern California. The Port of
Long Beach station is an ideal location to support ocean drayage
solutions for TTSI and other logistics providers," said
Mike Bible, Chief Executive Officer
of TTSI. "TTSI is excited about the prospects of hydrogen fuel cell
technology as a viable solution to decarbonize the freight trucking
industry."
Nikola is bringing comprehensive zero-emission heavy-duty
trucking solutions to market. Through the combined efforts of
Nikola's truck and energy teams, the company links hydrogen fuel
cell electric vehicles with hydrogen production hubs and dispensing
stations. These stations are an important step in the
delivery of a broader array of hydrogen fueling solutions to the
heavy-duty trucking industry.
ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation
industry. As a designer and manufacturer of zero-emission
battery-electric and hydrogen-electric vehicles, electric vehicle
drivetrains, vehicle components, energy storage systems, and
hydrogen station infrastructure, Nikola is driven to revolutionize
the economic and environmental impact of commerce as we know it
today. Founded in 2015, Nikola Corporation is headquartered in
Phoenix, Arizona. For more
information, visit www.nikolamotor.com or Twitter
@nikolamotor.
FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as "believe," "may," "will," "estimate,"
"continue," "anticipate," "intend," "expect," "should," "would,"
"plan," "predict," "potential," "seem," "seek," "future,"
"outlook," and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding the company's expectations regarding its
business, business model and strategy; the company's expectations
regarding its planned energy infrastructure buildout, including
hydrogen production hubs and dispensing stations; the company's
truck builds and related specifications; the company's expectations
for its trucks and market acceptance of battery electric and fuel
cell electric trucks; and market opportunity. These statements are
based on various assumptions, whether or not identified in this
press release, and on the current expectations of Nikola's
management and are not predictions of actual performance.
Forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements, including but not limited to
general economic, financial, legal, regulatory, political and
business conditions and changes in domestic and foreign markets;
the potential effects of COVID-19; the outcome of legal proceedings
to which Nikola is, or may become a party; failure to realize the
anticipated benefits of the completed business combination with
VectoIQ; the conversion of pre-orders into binding orders; risks
related to the rollout of Nikola's business and the timing of
expected business milestones; the effects of competition on
Nikola's future business; the availability of capital; and the
other risks detailed from time to time in Nikola's reports filed
with the Securities and Exchange Commission, including its
quarterly report on Form 10-Q for the quarter ended March 31, 2022 and other documents Nikola files
with the SEC. If any of these risks materialize or our assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. These
forward-looking statements speak only as of the date hereof and
Nikola specifically disclaims any obligation to update these
forward-looking statements.
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SOURCE Nikola Corporation