Nikola Secures $2M Grant From US DOE To Advance Autonomous Refueling Technologies

Electric vehicle manufacturer Nikola Corp NKLA has secured an approximate $2 million grant from the U.S. Department of Energy aimed at facilitating its research into autonomous refueling technologies for future hydrogen fueling stations.
The grant is funded by the U.S. Department of Energy's Energy Efficiency and Renewable Energy (EERE) Transportation Office under the recently announced Hydrogen and Fuel Cells R&D.
"This funding is essential to advance key hydrogen fueling technologies that can improve the overall efficiency of fuel-cell commercial vehicles while maintaining the safety and reliability standards required," said Pablo Koziner, president, Energy and Commercial, Nikola.
Price Action: NKLA shares are trading lower by 0.60% at $9.94 on the last check Thursday.