Nikola Investor Day Presentation Deck
AMAURIS R. ASKED:
"If hydrogen is the future, Are you planning on partnering with any big company to build the infrastructure
needed around the country? How are the hydrogen vehicles refueling?"
NIKOLA RESPONSE:
NIKOLA
NIKOLA
The answer is a resounding yes here. It takes all stakeholders from regulators to
energy companies to commercial fleets to work together to achieve a clean energy
transition, and our approach to strategic partnerships is no different.
For hydrogen production, we have announced our intent to partner with TCE on
hydrogen production hubs, in which Nikola has the right, but not the obligation, to
invest up to 50% of the equity into hydrogen production hubs with TCE while still
controlling substantially all of the molecules being produced at the hubs. This
arrangement allows Nikola to be asset light and capital efficient.
In addition to our partnership with TCE, we have made a strategic investment in WVR
that gave us a 20% equity interest in WVR and the right to offtake up to 20% of the
hydrogen produced at the facility once operational. WVR is strategically located in
Terra Haute, Indiana, within a 250-mile radius of Chicago, St. Louis, Indianapolis, and
Nashville. Our energy team continues to explore various other production
partnerships. For example, we are currently contemplating the potential for adding a
number of hydrogen production / offtake partnerships throughout North America.
On dispensing, we have announced the locations of three California hydrogen
stations to advance and scale up our hydrogen distribution solutions to service
market demand.
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