Nikola Secures Energy Partner for Hydrogen Production
Truck maker Nikola (NASDAQ: NKLA) said late Tuesday that it has finalized a deal to receive affordable electricity needed to produce hydrogen for the company's planned fueling network.
The company said it has secured a rate schedule with Arizona Public Service, a unit of utility holding company Pinnacle West Capital (NYSE: PNW), that Nikola says "makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry."
A pair of Nikola Two trucks. Image source: Nikola.
Source Fool.com
