Published by Todd Bush on December 1, 2022
PHOENIX, Dec. 1, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced that the Department of Energy Loan Program Office (LPO) has invited its Phoenix Hydrogen Hub LLC project loan application into Part II of its application process. The project loan application was submitted on May 26, 2022 and has now progressed through the Part I review.
The application for a loan guarantee under the Innovative Clean Energy projects solicitation could amount to up to $1.3 billion for a renewable electrolytic hydrogen production facility that could produce up to 150 metric-tons of hydrogen per day. The application process is wholly dependent on the results of the Department of Energy (DOE) review and evaluation of a Part II Application, and DOE's determination whether to proceed.
The Phoenix Hydrogen Hub LLC owns 920 acres of undeveloped land in Maricopa County, Ariz. where the facility is planned to be sited to support the deployment of Nikola's heavy duty, zero-emission fuel cell electric vehicles (FCEVs) and hydrogen refueling stations in California and the U.S. Southwest. The hub is expected to be built in phases to scale with the demand created from Nikola's zero-emission trucks, starting with 30 metric-tons, and expanding up to 150 metric-tons of hydrogen per day, with expansion potential as the demand for clean hydrogen in the region expands. Construction of the first phase is anticipated to be completed in 2024, once final investment decisions and customary regulatory approvals are finalized.
"This hub is intended to provide urgently needed renewable-based energy solutions and a pathway to a decarbonized transportation sector," said Nikola President, Energy, Carey Mendes. "What's more, it is expected to support clean hydrogen use in additional applications such as industrial, residential, and commercial heating, as well as for decarbonizing natural gas and power generation."
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, 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.
SOURCE Nikola Corporation
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🚂 Ballard Announces 1.5 MW Fuel Cell Engine Order for Sierra Northern Railway 🌊 Sonardyne Secures Monitoring Deal for NEP CCS Project 🏆 ClimeFi provides access to CDR portfolio o...
Inside This Issue 🛢️ Chevron Doubles Down on U.S. Hydrogen Innovation with Dual Projects in Texas and California 🧾 Exclusive: White House Considers Plan to Clear Record Backlog of Small Refinery B...
Inside This Issue 💸 Trump Administration Cancels $3.7 Billion in Clean Energy Projects, Ending Ambitious Industrial Decarbonization Efforts 🌊 A New Protocol for Carbon Removal via Direct Ocean Cap...
Ballard Announces 1.5 MW Fuel Cell Engine Order for Sierra Northern Railway
VANCOUVER, CANADA – Ballard Power Systems (NASDAQ:BLDP; TSX:BLDP) today announced the signing of a new supply agreement with California-based rail operator Sierra Northern Railway for the supply of...
PureWest and Gunvor Group Partner to Accelerate Use of Verified Low-Carbon Gas Solutions
PureWest Energy, LLC ("PureWest"), a leading Rocky Mountain independent natural gas producer recognized for its low methane and carbon emission rates, and Gunvor USA LLC, a member of Gunvor Group (...
Towards Net Zero: Sustainability Meets Efficiency with E-Drive
In the first blog of this series, we introduced the roadmap that will make Woodfibre LNG one of the lowest-emission LNG facilities in the world. A key component of that strategy is the E-Drive syst...
ClimeFi provides access to CDR portfolio of XPRIZE competition Winners and Finalists
ClimeFi has partnered with XPRIZE to provide CDR buyers with a portfolio that offers unrivalled exposure to the XPRIZE Carbon Removal competition Winners and Finalists ClimeFi has partnered with X...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.