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2021-10-09
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Nikola inks hydrogen production deal with Canada's TC Energy
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(Nasdaq: NKLA) and Calgary, Canada-based TC Energy Corp. (TSX, NYSE: TRP) have agreed to collaborate on development, construction and operation of hydrogen hubs, with the goal of building facilities capable of producing 150 tonnes or more of hydrogen per day in the next five years.</p>\n<p>This agreement is designed to encourage the adoption of hydrogen fuel cell electric vehicles (FCEVs) by building out the necessary infrastructure to fuel these forthcoming vehicles. Nikola is still in pre-production, but the company plans to deliver its first battery electric vehicles (BEVs) by the end of this year, with first FCEVs expected by 2023.</p>\n<p>Nikola’s vehicles will fall under the Class 8 vehicle classification, for large tractor trailer trucks designed to haul freight.</p>\n<p>TC Energy is one of the largest energy companies in North America, operating natural gas pipelines, liquid pipelines and energy production businesses. TC Energy was also the company leading development of the Keystone XL pipeline, but officially abandoned the project in June.</p>\n<p>Additionally, Nikola joined other heavy duty hydrogen vehicle makers on Friday in an agreement to standardize fueling hardware components for hydrogen-powered vehicles across the globe. The goal is to create a fueling network that works with all hydrogen vehicle makers, similar to what exists today for gasoline stations.</p>\n<p>The Hydrogen Heavy Duty Vehicle Industry Group — which is comprised of Air Liquid, Hyundai, Nel Hydrogen, Shell, Toyota and Nikola — specifically signed an agreement with Tatsuno Corp. and Transfer Oil SpA on a new high flow 70 megapascal (a measurement of pressure) baseline, which has been dubbed the H70HF standard.</p>\n<p>\"This innovative fueling technology will be an essential part of our hydrogen infrastructure development strategy, making hydrogen available to Nikola heavy-duty FCEV customers and the industry at large,\" Nikola’s president of energy and commercial Pablo Koziner said in a statement.</p>\n<p>These two agreements help further illuminate Nikola’s plan to get its FCEVs out on the road, after recently signing a flurry of other hydrogen-related deals.</p>\n<p>In June Nikola said it would invest $50 million in a hydrogen production plant in Indiana, last month it signed a fuel cell production deal with Boschand earlier this month it signed a joint development agreement for hydrogen fueling infrastructure with OPAL Fuels.</p>\n<p>In Thursday trading, following the Nikola and TC Energy announcement, Nikola’s shares gained 46 cents (4.51%) to close at $10.67. TC Energy’s shares also rose on the news, adding 58 cents (1.19%) on Thursday to close at $49.16.Follow Nikola’s stock hereandTC Energy’s stock here.</p>\n<p><b>Milton case update</b></p>\n<p>Nikola Corp. was founded by Trevor Milton in Utah back in 2015, but he relocated the company to Arizona in 2018 with its arrival hailed as a big win by local business leaders.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f7b9c77b869e2ea569c297cc098a120\" tg-width=\"750\" tg-height=\"422\" width=\"100%\" height=\"auto\"><span>A file photo of former Nikola Corp. CEO Trevor Milton. JIM POULIN | PHOENIX BUSINESS JOURNAL</span></p>\n<p>Last year Hindenburg Research, a short seller, publisheda reportthat described Nikola as an “intricate fraud,\" leading toMilton's resignationless than two weeks later. Though he is no longer running the company, Milton is still a major shareholder at Nikola.</p>\n<p>In July, Milton was chargedwith securities fraudin the Southern District of New York. The Securities and Exchange Commission also charged Milton with violating the anti-fraud provisions and accused him of repeatedly disseminating false and misleading information.</p>\n<p>“[Milton] engaged in a fraudulent scheme to deceive retail investors about Nikola’s products, technical advancements, and commercial prospects for his own personal benefit,”the SEC complaintread. “Milton did so primarily by leveraging his social media presence and frequent appearances on television and podcasts to flood the market with false and misleading information about Nikola.”</p>\n<p>Milton was released on a $100 million bond in July and his lawyer reportedly asked the judge to move the case out of New York and back to Arizona at a hearing last month,according to Law360. The court has yet to upload transcripts from the Sept. 15 hearing in which Bradley Bondi, Milton’s lawyer, requested the shift in venue. Milton's trial is expected to start in April 2022.</p>","source":"lsy1633760424806","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nikola inks hydrogen production deal with Canada's TC Energy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNikola inks hydrogen production deal with Canada's TC Energy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-09 14:19 GMT+8 <a href=https://www.bizjournals.com/phoenix/news/2021/10/08/nikola-tc-energy-hydrogen-production.html?ana=yahoo><strong>THE BUSINESS JOURNALS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement with Canada’s TC Energy on Thursday to co-develop hydrogen production facilities in the U.S. and ...</p>\n\n<a href=\"https://www.bizjournals.com/phoenix/news/2021/10/08/nikola-tc-energy-hydrogen-production.html?ana=yahoo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKLA":"Nikola Corporation"},"source_url":"https://www.bizjournals.com/phoenix/news/2021/10/08/nikola-tc-energy-hydrogen-production.html?ana=yahoo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111746159","content_text":"Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement with Canada’s TC Energy on Thursday to co-develop hydrogen production facilities in the U.S. and Canada.\nNikola Corp. (Nasdaq: NKLA) and Calgary, Canada-based TC Energy Corp. (TSX, NYSE: TRP) have agreed to collaborate on development, construction and operation of hydrogen hubs, with the goal of building facilities capable of producing 150 tonnes or more of hydrogen per day in the next five years.\nThis agreement is designed to encourage the adoption of hydrogen fuel cell electric vehicles (FCEVs) by building out the necessary infrastructure to fuel these forthcoming vehicles. Nikola is still in pre-production, but the company plans to deliver its first battery electric vehicles (BEVs) by the end of this year, with first FCEVs expected by 2023.\nNikola’s vehicles will fall under the Class 8 vehicle classification, for large tractor trailer trucks designed to haul freight.\nTC Energy is one of the largest energy companies in North America, operating natural gas pipelines, liquid pipelines and energy production businesses. TC Energy was also the company leading development of the Keystone XL pipeline, but officially abandoned the project in June.\nAdditionally, Nikola joined other heavy duty hydrogen vehicle makers on Friday in an agreement to standardize fueling hardware components for hydrogen-powered vehicles across the globe. The goal is to create a fueling network that works with all hydrogen vehicle makers, similar to what exists today for gasoline stations.\nThe Hydrogen Heavy Duty Vehicle Industry Group — which is comprised of Air Liquid, Hyundai, Nel Hydrogen, Shell, Toyota and Nikola — specifically signed an agreement with Tatsuno Corp. and Transfer Oil SpA on a new high flow 70 megapascal (a measurement of pressure) baseline, which has been dubbed the H70HF standard.\n\"This innovative fueling technology will be an essential part of our hydrogen infrastructure development strategy, making hydrogen available to Nikola heavy-duty FCEV customers and the industry at large,\" Nikola’s president of energy and commercial Pablo Koziner said in a statement.\nThese two agreements help further illuminate Nikola’s plan to get its FCEVs out on the road, after recently signing a flurry of other hydrogen-related deals.\nIn June Nikola said it would invest $50 million in a hydrogen production plant in Indiana, last month it signed a fuel cell production deal with Boschand earlier this month it signed a joint development agreement for hydrogen fueling infrastructure with OPAL Fuels.\nIn Thursday trading, following the Nikola and TC Energy announcement, Nikola’s shares gained 46 cents (4.51%) to close at $10.67. TC Energy’s shares also rose on the news, adding 58 cents (1.19%) on Thursday to close at $49.16.Follow Nikola’s stock hereandTC Energy’s stock here.\nMilton case update\nNikola Corp. was founded by Trevor Milton in Utah back in 2015, but he relocated the company to Arizona in 2018 with its arrival hailed as a big win by local business leaders.\nA file photo of former Nikola Corp. CEO Trevor Milton. JIM POULIN | PHOENIX BUSINESS JOURNAL\nLast year Hindenburg Research, a short seller, publisheda reportthat described Nikola as an “intricate fraud,\" leading toMilton's resignationless than two weeks later. Though he is no longer running the company, Milton is still a major shareholder at Nikola.\nIn July, Milton was chargedwith securities fraudin the Southern District of New York. The Securities and Exchange Commission also charged Milton with violating the anti-fraud provisions and accused him of repeatedly disseminating false and misleading information.\n“[Milton] engaged in a fraudulent scheme to deceive retail investors about Nikola’s products, technical advancements, and commercial prospects for his own personal benefit,”the SEC complaintread. “Milton did so primarily by leveraging his social media presence and frequent appearances on television and podcasts to flood the market with false and misleading information about Nikola.”\nMilton was released on a $100 million bond in July and his lawyer reportedly asked the judge to move the case out of New York and back to Arizona at a hearing last month,according to Law360. The court has yet to upload transcripts from the Sept. 15 hearing in which Bradley Bondi, Milton’s lawyer, requested the shift in venue. Milton's trial is expected to start in April 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/821470710"}
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