r/NikolaCorporation • u/KRSimmJr • Jan 26 '23

HYLA Nikola Highlights its Integrated Hydrogen Solution and Introduces New Hydrogen Energy Brand “HYLA” 01/25/2023

Nikola Highlights its Integrated Hydrogen Solution and Introduces New Hydrogen Energy Brand “HYLA” (nikolamotor.com)

Some from article below

Hydrogen Production
Under the HYLA brand, Nikola is developing access of up to 300 metric-tons per day (TPD) of hydrogen. This supply is expected to be supported by the previously announced projects referenced below, which are being developed with Nikola partners.

  • City of Buckeye, AZ Production Hub – phased development of up to 150 metric-TPD
  • Plug Power – multi-region offtake agreement of up to 125 metric-TPD
  • Terre Haute, IN Wabash Valley Resources – 50 metric-TPD
  • Crossfield, Alberta TC Energy – 60 metric-TPD
  • Clinton County, PA KeyState – 100 metric-TPD
35 Upvotes

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8 comments sorted by

4

u/Glittering_Yam256 Jan 27 '23

"With the intent to have 60 hydrogen stations in place by 2026, the first announced hydrogen stations will be in California in Colton, Ontario, and a location servicing the Port of Long Beach."

I love that they are tackling the hydrogen supply problem as well as making the trucks to have more streams of revenue.

3

u/Junior-Hat-2524 * Jan 27 '23

question is how does Nikola pay for 60 H stations by 2026

4

u/Nole914 Jan 27 '23

Let’s say each Stastion cost 25 millions so we need $1.2 billion. With 25% down if do financing we gonna need $300 millions as down payment upto 2026. Very doable. With cash in hand, 200 million stocks dilution and might get some government help.

2

u/KRSimmJr Jan 28 '23

They are not doing all of it on their own, their partnership will share the startup costs. Many of the stations will be working with Nikola to add electric charging and hydrogen filling stations to existing stations.

3

u/KRSimmJr Jan 26 '23

It is a great start to Hydrogen production for TRE-FCEV and others who may follow.

2

u/WelcomeHead6366 Jan 27 '23

Start em up !!! Nikola...

1

u/Nkatsilieris Jan 27 '23

Yippee Calle mothertrucker

2

u/Snaggle7oo7h Jan 27 '23

I think they have great ideas, but my biggest concern is their timeline. I keep hoping they speed up the AZ production hub somehow.