Nikola Corporation (NKLA) and Plug Power (PLUG) Partner to Increase Green Hydrogen Supply

Nikola Corporation (NKLA) and Plug Power (PLUG) Partner to Increase Green Hydrogen Supply

Nikola Corporation (NKLA) has seen a surge in its stock prices after entering into a partnership with Plug Power (PLUG). The agreement involves the supply of green hydrogen to Nikola up to 125 tons per day with the potential to scale up to 150 TPD. Nikola has also awarded Plug the contract to provide one 30 TPD hydrogen liquefaction system for Nikola’s recently announced Arizona hydrogen hub.

Nikola Corporation and Plug Power: A Powerful Partnership

The partnership between Nikola Corporation and Plug Power is a powerful one. Together, the two companies are working to revolutionize the transportation industry by providing zero-emission fuel cell solutions. As of 2021, Nikola has over 10,000 reservations for its hydrogen-powered Class 8 trucks, while Plug Power has deployed more than 40,000 fuel cell systems worldwide. The two companies have also partnered with major automakers such as GM and Volkswagen to develop hydrogen-powered vehicles. With their combined expertise in fuel cells and electric vehicles, Nikola and Plug Power are poised to make a significant impact on the transportation industry in the years ahead.
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Picture source: Jason Blackeye


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