Nikola, TC Energy to Collaborate on Hydrogen Production Facilities
October 07 2021 - 08:57AM
Dow Jones News
By Michael Dabaie
Electric vehicle company Nikola Corp. and energy infrastructure
company TC Energy Corp. will collaborate on co-developing,
constructing, operating and owning large-scale hydrogen production
facilities in the U.S. and Canada.
Nikola's Energy business unit and TC Energy are working on
projects to establish the infrastructure required for hydrogen at
scale and seek to accelerate the adoption of heavy-duty
zero-emission fuel cell electric vehicles and hydrogen across
industrial sectors.
The collaboration aims to establish hubs producing 150 tons or
more of hydrogen per day near highly traveled truck corridors to
serve Nikola's planned need for hydrogen to fuel its Class 8 fuel
cell electric vehicles within the next five years.
TC Energy has pipeline, storage and power assets that
potentially can be used to lower the cost and increase the speed of
delivery of these hydrogen production hubs, Nikola said.
Nikola shares were up 2.8% to $10.40 in premarket trade.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 07, 2021 08:42 ET (12:42 GMT)
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