Plug Power will supply Nikola with hydrogen

Plug Power and Nikola Corporation announce the signing of a renewable hydrogen supply agreement.

Partagez:

Plug Power and Nikola Corporation announce the signing of a renewable hydrogen supply agreement.

A strategic agreement

Plug Power will provide renewable hydrogen to Nikola beginning January 1, 2023. As such, the company is committed to supplying up to 125 tons of hydrogen per day (TPD) to Nikola. The agreement calls for a volume of 125 PDTs by the end of 2026, 80% of which will be under a take-or-pay contract.

Nikola awards Plug Power a contract to provide a 30TPD hydrogen liquefaction system for a hydrogen hub in Arizona. The liquefaction system designed and manufactured by Plug Power is destined for the first phase of the Nikola hydrogen hub in Arizona. In addition, the project has the potential to expand to 150 PDT.

Nikola plans to provide access to up to 300 TPD of hydrogen supply. In addition, the company plans to have 60 hydrogen fueling stations in place by 2026. Nikola’s Arizona hub is currently going through the permitting and rezoning process, and long-term equipment purchases are underway.

Confirmed prospects

Carey Mendes, President of Nikola Corporation, states:

“Nikola and Plug share a common vision for sustainable and efficient energy solutions, which supports our commitment to decarbonizing the transportation industry. This strategic relationship will help support Nikola’s ambitious growth plans to expand the hydrogen energy business and support the adoption of Nikola’s Class 8 zero-emission trucks.”

Plug Power thus underlines its commitment to decarbonize the hydrogen ecosystem. The company aims to reduce current emissions by 50% by purchasing up to 75 electric vehicles within three years.

Plug Power wants to decarbonize the hydrogen supply chain for its customers. Indeed, the company’s hydrogen tanker is the largest and lightest trailer. This represents significant payloads on the road.

Sanjay Shrestha, CSO and general manager of energy solutions for Plug says:

“The announcement demonstrates Plug’s leadership in the green hydrogen economy and its ability to make hydrogen adoption as easy as possible. Our vertically integrated solutions, which are designed to meet individual customer needs, include hydrogen production equipment or green hydrogen fuel delivery, whichever is preferred. We look forward to our strategic relationship with Nikola as we advance the hydrogen economy.”

Finally, Plug Power’s ambition is to have 500 TPD of renewable hydrogen production network in North America by 2025. In addition, the company hopes to have 1,000 PDTs globally by 2028.

The majority-Indigenous-owned Canadian manufacturer HyVera Distributed Energy is introducing an eCat pellet that instantly produces ultra-pure green hydrogen without external electricity and is counting on two pilot plants to simplify industrial supply.
Underground hydrogen storage, essential to support its growth, continues to face significantly higher costs than natural gas storage, along with major technical challenges hindering its competitiveness against conventional energies.
Singapore-based hydrogen specialist Hydrexia seals a protocol with Indonesian gas giant Samator to deploy purification, transport and storage of hydrogen, betting on rapidly growing local demand and export outlets to the Asia-Pacific region.
Cadiz Inc. signs a memorandum of understanding with British company Hoku Energy for a large-scale energy project including green hydrogen, solar power, and digital infrastructure in the Californian desert, projecting annual revenues of up to $10mn.
BP indefinitely halts its blue hydrogen project at the Whiting refinery in Indiana, raising questions about the future of federal funding and the impact on regional plans for a decarbonized hydrogen sector in the United States.
The Polish energy group ORLEN receives a non-repayable grant of €382 million from the National Recovery Plan to finance its renewable and low-emission hydrogen production initiatives.
Georgia Power and Mitsubishi Power announce successful completion of an unprecedented test incorporating 50% hydrogen into an advanced gas turbine, reducing CO2 emissions by 22% compared to natural gas alone.
Neoenergia has begun construction of one of Brazil's first green hydrogen plants, aimed at supplying heavy and light vehicles, with an investment exceeding 30 million Brazilian reais ($5.99mn).
The SA-H2 fund, supported by international partnerships and local institutional backing, mobilises 37 million USD to develop export-oriented green hydrogen from South Africa, with an initial concrete project announced.
Turbotech reports successful combustion testing of a hydrogen turboprop, developed through digital simulation with Ansys, marking an industrial milestone in light aircraft using alternative fuel.
France Hydrogène responds to the Cour des Comptes report published on June 5, criticising an incomplete reading of updated targets and the economic impacts of decarbonised hydrogen development.
The Belfort Commercial Court has opened a judicial reorganisation procedure for McPhy, while a renewed call for tenders for its asset sale is now set to close on 13 June.
Plug Power CFO Paul Middleton acquired 650,000 shares on the market, affirming his support for the long-term strategy of the hydrogen-focused company.
The Canadian government is funding an initiative to support 40 SMEs in British Columbia’s hydrogen sector, aiming to increase foreign investment and expand international market share.
Developer CWP Global has paused its $40 billion AMAN project in Mauritania due to a lack of buyers for green ammonia despite favourable local conditions.
A study reveals that the profitability of African green hydrogen exports to the European Union depends on political support from Europe, despite the abundance of ongoing projects on the continent.
Plug Power expands its partnership with Allied Green through a new 2 GW electrolyzer deal tied to a $5.5bn chemical plant in Uzbekistan.
Stargate Hydrogen launches 140 MW factory in Estonia with modular expansion model amid cautious hydrogen investment climate.
The European Commission is considering legal action over RED III delays, as regulatory uncertainty slows renewable hydrogen projects and Union-wide investment.
The Cour des comptes warns of the gap between France’s hydrogen ambitions and the reality of funding and available industrial capacity.