Expansion supports growing demand for
sustainable transportation solutions along the burgeoning "hydrogen
highway"
PHOENIX, Aug. 12,
2024 /PRNewswire/ -- Nikola Corporation (Nasdaq:
NKLA), a global leader in zero-emissions transportation and energy
supply and infrastructure solutions, via the HYLA brand, continues
to deliver HYLA refueling solutions to support volume ramp-up
for its Class 8 hydrogen fuel cell electric trucks in Southern
Calif, just off of the 5 Freeway, one of the busiest truck routes
in the U.S.
Located at 13443 Freeway Dr. in Santa
Fe Springs, Calif., this new HYLA modular refueling station
is located at Tom's Truck Center, an important part of the Nikola
sales and service dealer network. It begins operations today, and
supports Nikola's goal of 14 refueling solutions by
year-end, reflecting a mix of HYLA and partner stations
available for our customers.
Nikola continues to launch stations and deploy assets based on
anticipated demand, with the main objective of staying ahead of
hydrogen fuel cell electric truck deployment to ensure fueling
solutions are ready and available for end fleets.
"Nikola is committed to leading the hydrogen revolution by
collaborating with key industry partners to strengthen and expand
our hydrogen supply chain. Our efforts to grow the HYLA refueling
infrastructure underscore our dedication to meeting the rising
demand for hydrogen fuel cell electric trucks and driving the
transition to zero-emission transportation," said President of
Energy, Ole Hoefelmann. "We thank
the City of Santa Fe Springs, the
Santa Fe Springs Fire Department,
and Tom's Truck Center for their support in making this project a
reality and advancing the HYLA hydrogen network."
Complementing the infrastructure network is Nikola's commitment
to providing an exceptional customer experience, offering
round-the-clock assistance through dedicated HYLA Ambassadors and
Operation Technicians for seamless and efficient fueling.
"We are thrilled to be the first in the U.S. to offer a hydrogen
refueling station onsite at our dealership to support the first
wave of Nikola hydrogen fuel cell electric trucks now on the
roads," said Tom's Truck Center President and CEO KC Heidler.
"Working with Nikola to make this happen also fits in perfectly
with Tom's Truck Center's long-term commitment to zero-emission
transportation."
The HYLA refueling network is structured to offer a diverse
portfolio of solutions for Nikola's hydrogen fuel cell electric
vehicles and additional Class 8 customers, including modular and
permanent HYLA stations, "behind-the-fence" options, and
partnerships such as with FirstElement Fuel in Oakland, Calif.
With the addition of the Santa Fe Springs station, Nikola is
completing a crucial hydrogen fueling triangle in Southern Calif.
This strategic location, together with its Ontario and Long Beach
stations, now forms a robust network that spans multiple counties,
serving a population of over 12 million people.*
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.
Nikola headquarters is based in Phoenix, Ariz. with a manufacturing facility
in Coolidge, Ariz.
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 Sant Fe Springs station or
the planned HYLA fueling solutions and related hydrogen
infrastructure; about the station beginning a pivotal milestone in
the Company's strategic plan by staying ahead of hydrogen fuel cell
electric truck deployment; about the station marking a significant
stride toward sustainable transportation; and about the stations
ability to drive positive environmental impact; providing customers
access to hydrogen; working with partners to establish a fueling
ecosystem; about the Company's dedication to meeting the rising
hydrogen demand and driving the transition to zero-emission
transportation; 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; 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 quarterly report on Form 10-Q for the quarter ended
June 30, 2024 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.
* US Census Bureau -
https://www2.census.gov/programs-surveys/popest/tables/2020-2023/metro/totals/cbsa-met-est2023-pop.xlsx
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SOURCE Nikola Corporation
