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Nikola (NASDAQ: NKLA) and BayoTech Partner for Advanced Hydrogen Transport and Supply

BayoTech Purchases Nikola Hydrogen Fuel Cell Vehicles for Zero-Emission Hydrogen Transport

BayoTech, an industry-leading innovator in hydrogen production, transportation, and storage solutions, has recently signed an agreement to purchase up to 50 Nikola Class 8 hydrogen fuel cell electric vehicles over the next five years. These zero-emission trucks will be deployed in partnership with BayoTech’s HyFill™ bulk hydrogen transport trailers for efficient and eco-friendly hydrogen transportation.

The first batch of these highly sought-after Nikola (NASDAQ: NKLA) trucks, known for their remarkable zero-tailpipe-emission range of up to 500 miles, is expected to be delivered in 2023 and 2024. This groundbreaking collaboration further cements BayoTech’s commitment to pioneering hydrogen delivery to local customers via zero-emission fuel cell trucks.

Nikola to Procure Low-Carbon Hydrogen from BayoTech Hubs

In a bid to maintain a reliable supply of low-carbon hydrogen for its zero-emission commercial fuel cell electric vehicle fleets, Nikola will procure hydrogen produced at BayoTech’s hubs in Missouri and California. The hydrogen production is slated to commence in Missouri within the year, with California following suit in 2024.

As the anchor hydrogen offtake customer, Nikola also plans to acquire up to 10 BayoTech HyFill™ transport trailers. This acquisition aims to expedite the distribution of high-pressure gaseous hydrogen from production sites to refueling stations that serve fuel cell electric vehicle fleets.

Shared Vision Fuels Nikola and BayoTech Collaboration

Michael Lohscheller, President and CEO of Nikola Corporation, emphasized the shared goal of both companies to enhance the accessibility of hydrogen throughout the United States. BayoTech’s low-carbon hydrogen fuel and transport equipment are crucial to the adoption of Nikola’s Class 8 fuel cell electric zero-emission trucks, he added.

Mo Vargas, President and CEO of BayoTech, lauded the partnership with Nikola as a key catalyst to spur the growth of the hydrogen ecosystem and accelerate the deployment of BayoTech’s hydrogen hub network.

Unraveling the Potential of Hydrogen with Nikola and BayoTech

BayoTech’s HyFill™ bulk hydrogen transport trailers are highly trusted by customers to transport hydrogen efficiently to distribution and dispensing sites, and eventually to end users. This includes retail refueling stations, backup power systems in remote areas, and industrial manufacturing sites.

With the partnership between Nikola and BayoTech, the potential of hydrogen as a viable, eco-friendly energy source is further unraveled, marking a significant step forward in the journey towards a zero-emission future.

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit:

The post Nikola (NASDAQ: NKLA) and BayoTech Partner for Advanced Hydrogen Transport and Supply appeared first on Spotlight Growth.

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