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NIKOLA ANNOUNCES ADDITIONAL HYLA BRANDED HYDROGEN
REFUELING STATION IN CALIFORNIA
Feb 21, 2023
By
Nikola Corporation
West
Sacramento marks the fourth location as scaling of the Nikola
hydrogen network continues to progress
PHOENIX, Feb.
21, 2023 /PRNewswire/
-- Nikola
Corporation (Nasdaq: NKLA),
a global leader in zero-emissions transportation and energy
supply and infrastructure solutions, today
announced its HYLA brand's
fourth California hydrogen
station location, building on its planned station
network to
advance and scale 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 latest California refueling
station and logistics infrastructure location will be in the city of West
Sacramento. This station will further support Nikola's truck
demand, as well as third-party heavy-duty hydrogen electric vehicles.
By the end of 2026, it is anticipated that Nikola, via its HYLA brand,
will have 60 stations in place to support this growth.
The West Sacramento.station will further support Nikola’s truck
demand, as well as third-party heavy-duty hydrogen electric vehicles.
By the end of 2026, it is anticipated that Nikola, via its HYLA brand,
will have 60 stations in place to support this growth. The HYLA
hydrogen refueling stations, along with a comprehensive energy supply,
will provide Nikola's customers the support needed to seamlessly
transition their fleets to zero-emissions.
California is
a launch market for Nikola with the Class 8 Nikola
Tre battery-electric vehicle, Nikola
Tre hydrogen electric vehicle and the energy infrastructure
underway to support key customers and advance the state's efforts to
decarbonize the transport sector.
"The first four stations in California are
intended as part of Nikola's energy strategy to support hydrogen
electric truck demand," said Nikola
President, Energy, Carey
Mendes. "Our recently announced hydrogen energy brand, HYLA, is
dedicated to solving the complex challenges that the mobility and
hydrogen industry have faced for decades by offering integrated
mobility solutions, including the trucks and energy supply. The HYLA
hydrogen refueling stations, along with a comprehensive energy supply,
will provide our customers the support needed to seamlessly transition
their fleets to zero-emissions."
"We're encouraged to see Nikola's progress in helping to establish a
sustainable hydrogen ecosystem in California by
accelerating the development and deployment of clean, renewable
infrastructure," said Gia
Vacin, Deputy Director of ZEV Market Development at the
Governor's Office of Business and Economic Development (GO-Biz).
"Projects like these will be key in decarbonizing California's economy,
while improving local air quality and providing tangible benefits to
frontline communities."
Nikola, via HYLA, is bringing comprehensive zero-emission heavy-duty
trucking energy solutions to market and West
Sacramento is ideal due to the number of distribution centers
and density of trucking and logistics traffic. Each station within the
HYLA hydrogen network will serve as an important step in the delivery
of a broader array of hydrogen fueling solutions to the commercial
trucking industry.
The Nikola
Tre hydrogen electric vehicle is now eligible for the California
Air Resources Board Hybrid and Zero-Emission Truck and Bus Voucher
Incentive Project program. This approval will now enable customers
of Nikola's Tre hydrogen electric vehicle to access a point-of-sale
incentive starting at $240,000 and
ranging up to $288,000 per
truck, in 2023. Customers may also be eligible for a $40,000 clean
commercial vehicle tax credit from the federal government due to the
passage of the Inflation
Reduction Act.
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 via the HYLA brand, 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. 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 anticipated benefits of the
planned HYLA fueling network and related zero-emissions trucks, and
the potential benefits from various government incentives. These
statements are based on various assumptions, whether or not identified
in this press release, and on the current expectations of Nikola's
management. We cannot assure you that forward-looking statements will
be achieved and forward-looking statements are not predictions of
actual performance. Forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ materially
from the forward-looking statements, including but not limited to, the
failure to realize the anticipated benefits of the planned HYLA
fueling network; benefits from potential government incentives; the
availability of a hydrogen ecosystem to meet the demand of hydrogen
electric trucks; design and manufacturing changes, challenges and
delays; economic, financial, legal, supply chain, regulatory,
political and business conditions and changes in domestic and foreign
markets; the potential challenges arising from COVID-19; the outcome
of legal, regulatory and judicial proceedings to which Nikola is, or
may become a party; demand for and customer acceptance of Nikola's
trucks; risks associated with development and testing of fuel cell
power modules and hydrogen storage systems; risks related to the
rollout of Nikola's business and the timing of expected business
milestones, including delivery of trucks for sale; the effects of
competition on Nikola's future business; the availability of capital
to fund the Nikola's business; risks associated with changes in
accounting treatment or accounting standards; 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 September
30, 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.
SOURCE Nikola Corporation
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
exactrix@exactrix.com
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