Nikola Partners With Voltera On Hydrogen Station Funding

Nikola Corp NKLA and decarbonization infrastructure provider Voltera signed a definitive agreement to develop the hydrogen fueling infrastructure to support Nikola's deployment of zero-emissions vehicles.
Under the strategic partnership agreement, the parties plan to develop up to 50 HYLA stations throughout North America over the next five years.
The partnership is a part of Nikola's prior announced plans to develop 60 stations by 2026.
Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, with Nikola supplying the hydrogen fuel and technical expertise.
The partnership will boost the deployment of the several billion dollars Voltera plans to invest in EV charging and hydrogen fueling facilities.
"Voltera's expertise in building out zero-emission energy infrastructure will be a key enabler for Nikola's first-to-market hydrogen fuel cell electric trucks and fueling infrastructure," said Carey Mendes, President, Nikola Energy.
Price Action: NKLA shares are trading higher by 2.64% at $0.8594 on the last check Tuesday.
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