Nikola Corporation (NKLA)

[srm4u]

The economics of hydrogen production depend on the efficiency of the method used. The IS cycle coupled to a modular high temperature reactor is expected to produce hydrogen at about $2.00/kg. The oxygen byproduct also has value. General Atomics earlier projected $1.53/kg based on a 2400 MWt HTR operating at 850°C with 42% overall efficiency, and $1.42/kg at 950°C and 52% efficiency (both 10.5% discount rate). Such a plant could produce 800 tonnes of hydrogen per day.
For thermochemical processes an overall efficiency of greater than 50% is projected.
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