Arizona’s largest utility wants state permission to sell cheap electricity to Nikola Corp. (NASDAQ: NKLA) so the startup electric truck maker can build hydrogen fuel stations for its Class 8 fuel cell trucks.
Massive amounts of electricity are required to make hydrogen through electrolysis. It is a process that breaks down water into oxygen and hydrogen gas. Nikola plans to break ground on its first hydrogen station between Arizona and California next year. It ultimately plans a network of 700...
https://www.freightwaves.com/news/nikola-wants-cheap-electricity-for-arizona-hydrogen-stations