Ontario-based
station marks a significant step forward in establishing
comprehensive hydrogen refueling network for Class 8 trucks
PHOENIX, March 21,
2024 /PRNewswire/ -- Nikola Corporation (Nasdaq:
NKLA), a global leader in zero-emissions transportation and energy
supply and infrastructure solutions, via the HYLA brand, celebrated
the grand opening of its inaugural HYLA high-pressure modular
refueling station and facility in Southern Calif. The celebration
welcomed fleet customers, dealers from Nikola's sales and service
network, government officials, industry press and members of the
Nikola leadership and engineering teams, each playing an integral
role in the realization of this achievement.
Highlights of the event included remarks from Nikola executives,
as well as Joe Biagi, Biagi Bros. Fleet Director, and representatives
from both the City of Ontario and
the office of Congresswoman Norma
Torres, who presented Certificates of Recognition.
Additionally, participants had the opportunity to take part in
truck and hydrogen refueling demonstrations, facility and equipment
tours and technology Q&A sessions with Nikola engineers
focusing on hydrogen safety and the HYLA ecosystem. Attendees also
had the opportunity to take rides in the Nikola hydrogen fuel cell
electric trucks, further showcasing Nikola's advanced technology
that is available and driving on the roads today.
The Ontario station, which opened for operation last month, will
be capable of fueling up to 40 Nikola hydrogen fuel cell electric
Class 8 trucks daily. This station is integral to Nikola's
strategic initiative to develop up to nine refueling solutions set
to be completed by mid-2024, with 14 total refueling solutions to
be operational by the end of the year.
Nikola will provide 24/7 support with on-site HYLA Ambassadors
and Operation Technicians, ensuring a seamless and efficient
fueling experience for its customers.
"We are proud to commemorate this historic day as we celebrate
the inauguration of the first HYLA hydrogen refueling station in
Southern California. We extend our
sincere gratitude to the city of Ontario for their invaluable support and
collaboration in bringing this vision to life," said President of
Energy Ole Hoefelmann. "This moment
marks the beginning of a transformative journey toward a more
sustainable future for transportation. With several more stations
planned this year, we are committed to driving positive change and
leading the charge for zero-emission trucking solutions."
Working alongside industry leaders, Nikola is securing a robust
hydrogen supply chain and expanding its HYLA refueling
infrastructure to support growing demand. The continued development
of the refueling ecosystem is anticipated to accelerate the
adoption of hydrogen fuel cell electric trucks and drive the
decarbonization of transportation.
"I welcome the news of HYLA constructing their first semi-truck
hydrogen refueling station right here in Ontario. Clean and innovative technologies
like battery-electric and hydrogen fueled trucks will create jobs
and help the Inland Empire thrive, all while fighting the climate
crisis," said Congresswoman Norma
Torres. "We must continue to invest in clean energy
solutions like this to future-proof our communities and I look
forward to seeing this project, and many others, come to
fruition."
The HYLA refueling solutions network is expected to offer Nikola
hydrogen fuel cell electric vehicles and other Class 8 customers a
variety of flexible refueling options, including modular and
permanent HYLA stations, customer-owned facilities, and
partnerships with public truck stops. This network includes the
recent 10-year agreement with FirstElement Fuel for a hydrogen
refueling station in Oakland,
Calif.
EVENT MEDIA ASSETS
ABOUT NIKOLA CORPORATION:
Nikola Corporation's mission is clear: pioneering solutions for a
zero-emissions world. As an integrated truck and
energy company, Nikola is transforming commercial
transportation, with our Class 8 vehicles, including
battery-electric and hydrogen fuel cell electric trucks, and our
energy brand, HYLA, driving the advancement of the complete
hydrogen refueling ecosystem, covering supply, distribution and
dispensing.
Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility
in Coolidge, Arizona.
Experience our journey to achieve your sustainability goals
at nikolamotor.com or engage with us on social media
via Facebook @nikolamotorcompany,
Instagram @nikolamotorcompany,
YouTube @nikolamotorcompany,
LinkedIn @nikolamotorcompany or
Twitter @nikolamotor.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Nikola Corporation (the "Company"), including statements relating
to the benefits and capabilities of the Ontario station or the
planned HYLA fueling stations and related hydrogen
infrastructure; about the station beginning a transformative
journey toward a more sustainable future for transportation;
providing customers access to hydrogen; working with partners to
establish a fueling ecosystem; and the Company's beliefs regarding
its competitive position and the benefits thereof. Forward-looking
statements are predictions, projections, and other statements about
future events based on current expectations and assumptions and, as
a result, are subject to risks and uncertainties. Many factors
could cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: the ability of the Company to access sufficient capital
to meet its requirements and fund its business; manufacturing
delays and difficulties; risks related to the rollout of the
Company's hydrogen fueling infrastructure and the timing thereof;
construction risks and delays; the availability of access to
hydrogen refueling facilities; the level of and cancellation of
customer orders; risks associated with manufacturing batteries and
fuel cell power modules; variations in and characteristics of the
hydrogen fueling location, including but not limited to fueling
hardware and software protocol, fuel amount, and fueling
conditions, any of which may affect refueling times; variations in
terrain, temperature, speed, road conditions, truck configuration,
payloads and other variables which may affect range; the Company's
ability to remain listed on Nasdaq; and the factors, risks and
uncertainties described in the "Risk Factors" section of the
Company's annual report on Form 10-K for the year ended
December 31, 2023 filed with the SEC,
in addition to the Company's subsequent filings with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and, except as required by law, the Company assumes no
obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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SOURCE Nikola Corporation