Nikola orders electrolysers from Nel

The US manufacturer Nikola, best known for its plans for fuel cell and battery trucks, has placed an order worth over 30 million dollars with the Norwegian hydrogen specialist Nel for the supply of electrolysers.

Nikola intends to equip the first five hydrogen filling stations with Nel’s alkali electrolysers in order to produce the necessary hydrogen on-site. The production capacity is eight tons per unit per day, i.e. 40 tons in total.

“These electrolyzers will support five heavy-duty hydrogen stations which will cover multiple states and trucking routes,” said Trevor Milton, founder of Nikola Corporation, according to the announcement.”Since our partnership began in 2017, we have been working together to develop a massive large-scale hydrogen fueling station,” said Jon André Løkke, CEO of Nel. “It’s been amazing to see the significant progress made by the Nikola team specific to vehicle development and the station design, and now we are ready to start building”.

The electrolysers will be largely manufactured in the “Mega-Factory” Nel is currently building in Norway. “The framework agreement was one of the key triggers for deciding to develop our alkaline electrolyser mega-factory in Norway,” says Løkke, “and has enabled Nikola to reserve capacity in the new plant.”

According to Nikola, the remaining equipment will be covered by a separate order that is expected to be completed in the coming months.

In addition, Nikola’s planned IPO announced at the beginning of March will become concrete through the merger with the already listed company VectoIQ Acquisition Corporation: the shares have been traded on the US Nasdaq stock exchange under the symbol NKLA since 4 June.

In this context, Trevor Milton’s function in the company he founded has also changed: He will resign from his position as CEO and will continue to develop the company as Executive Chairman. Mark Russell will become CEO.

nikolamotor.com, nel.com (electrolysers), trucknews.com, nasdaq.com, nikolamotor.com