Nel ASA (NLLSF)

[srm4u]

2 out of 3 delivered, before the end of the year.....last 1 to be the partnership in hydrogen network.....stay tuned

5:00min. into the vid

Here’s Who’s Funding Hydrogen Truck Builder Nikola Motor
September 23, 2019
OTHER PLAYERS
NEL Hydrogen: $5 million. The Norwegian developer of hydrogen production plants, will provide hydrogen production equipment for Nikola’s fueling station network.

Fitzgerald Glider Kits: Undisclosed amount. Fitzgerald has signed on to build the first 5,000 Nikola trucks while Nikola is building its own manufacturing plant in Arizona. The Tennessee-based company specializes in installing remanufactured powertrains into new truck chassis – called gliders when they don’t have engines or transmissions – built by various major tuck makers.

Thompson Machinery: Unknown amount. Thompson, a major caterpillar distributor signed on early to be Nikola’s sales, service and marketing provider in Tennessee and Mississippi.

Worthington Industries: Unknown investment, but described by Milton as holding a “very large stake” in Nikola.

Worthington is believed to be Nikola’s first outside investor. It had provided pressurized steel tanks to a dHybrid Systems, which made natural gas fuel systems for commercial vehicles. Nikola needs pressurized steel tanks for is trucks’ hydrogen fuel systems. Mark Russell, who headed Worthington at the time, told Trucks.com he believes Milton is a visionary. Russell is now Nikola’s president.
https://www.trucks.com/2019/09/23/funding-hydrogen-truck-builder-nikola-motor/