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."