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Wednesday, June 23, 2021 1:23:42 PM
Its not as if they have surplus cash
To get the actual hydrogen they could use (50 tons a day) will require significant investments on top of this $50m as mentioned.
It seems it will be a distraction but may be indicative that they haven't been able to sign a wider deal with say Shell/BP/Exxon/PLUG.
Their strategy is to include all fuel in the lease price and build their own filling stations (aka dispensing stations) along the routes used by their customers - 8 from NEL ordered (for Budweiser deal) 2 more recently ordered (customer not known). These all have on site H2 generation and obviously having a more centralized location for generation is a better model but do they need to invest in the company themselves?
I hope this isn't another Badger truck distraction.
I see the H2 fuelling network evolving a bitlike EV charging networks - company buys centrally and sets the price that truckers can then fill up at any H2 pump. Then NIkola doesn't have to build the stations once they start being built for other trucks.
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