Nikola (NASDAQ: NKLA), a leader in zero-emission transportation, and FirstElement Fuel have signed a 10-year deal to refuel Nikola's hydrogen trucks at FirstElement's Oakland refueling station.
Through this deal, FirstElement becomes an authorized Nikola Fueling Solutions Partner, offering fueling services at their heavy-duty truck station, capable of serving around 200 trucks daily, and will boast the world's first heavy-duty truck H70 fast-fill lane for efficient hydrogen refueling.
Nikola's wider plan involves collaborating with partners to secure hydrogen supply, transport, storage, and refueling sites. This initiative significantly contributes to California's carbon emission reduction goals, especially in ports, and supports federal emission targets.
Nikola President of Energy, Joe Cappello stated: “Our customers now have access to fuel at FEF's first heavy-duty site in Oakland, California. With additional stations planned, this signifies a powerful synergy between Nikola and FEF, driving us towards a shared vision of a future with cleaner and more sustainable solutions."
Nikola is transforming commercial transportation with Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks.
Shares of Nikola trade on the NASDAQ under the ticker symbol NKLA. For more information, or to sign up for our free daily newsletter, visit www.greenstocknews.com
