Plug Power Inc (PLUG)

[WeTheMarket]

Steve, per the following PR, Plug Power deal with Nikola is to buy 75 of their hydrogen FCEV trucks, and to sell them hydrogen.

Nikola and Plug Announce Strategic Collaboration to Push Hydrogen Economy Forward
Published December 15, 2022
https://nikolamotor.com/press_releases/nikola-and-plug-announce-strategic-collaboration-to-push-hydrogen-economy-forward-216/

Highlights
- Plug to purchase up to 75 Nikola Tre hydrogen fuel cell electric vehicles for green hydrogen delivery
- Nikola to purchase 30 metric-tons per day liquefaction system from Plug for the Ariz. hydrogen hub project
- Companies have signed an innovative Green Hydrogen Supply Agreement with synergies for both Nikola and Plug’s business models

Key quote:

"The companies have also executed a 125 metric-tons per day Green Hydrogen Supply Agreement. This innovative green hydrogen supply and offtake partnership is expected to provide Nikola with a minimum of 100 metric-tons per day of hydrogen, with the option to increase volume over time, and will allow Nikola to source hydrogen from multiple locations across the country as Plug continues to bring on new supply facilities."