Nel ASA: Receives Additional Purchase Order from Nikola
OSLO, Norway–(BUSINESS WIRE)–#Electrolyser–Nel ASA (Nel, OSE: NEL) has received a USD 5.5 million purchase order
from Nikola Motor Company (Nikola), as part of the previously announced
hydrogen stations.
“We are very proud to announce that we have received an additional order
from Nikola related to the electrolyzer and fueling solution for their
prototype trucks. The order marks a strengthening of our partnership and
is a recognition of the level of competence our team and hydrogen
solutions can offer. We look forward to supplying the demo stations,
which will lay the groundwork for the world’s largest, most efficient
network of low-cost hydrogen production and fueling sites,” says Jon
André Løkke, Chief Executive Officer of Nel.
On November 15, 2017, Nikola and Nel announced the exclusive partnership
and a purchase order for two so-called demo hydrogen refueling stations
for Nikola's fleet of prototype hydrogen trucks. The partnership aims at
developing low-cost, renewable hydrogen production and fueling sites for
the potential development of 14 large-scale sites; however, Nikola and
Nel are now evaluating if the initial station number should be doubled
to 28 stations.
“The Nikola hydrogen electric semi-trucks will begin testing with fleets
in 2019 and begin full production in 2021. One of the most respected
brands in America just signed an order with Nikola to convert 100% of
their fleet over to Nikola trucks. This will require an additional 28
more stations to go up to support those efforts on top of the existing
Nel purchase order. Nel has been a great partner to work with and we are
excited to begin replacing diesels in America with zero emission trucks.
The future for zero emission trucks has never been brighter,” says
Trevor Milton, Chief Executive Officer of Nikola.
The additional purchase order has a value of USD 5.5 million, bringing
the total value for the demo stations to approximately USD 9 million,
with delivery in the second half of 2018 and into 2019.
For additional information on Nel Hydrogen Stations, click
here.
Contacts
Nel ASA
Christopher Van Name, +1-914-299-0492
Director of
Corporate Marketing
or
Bjørn Simonsen, +47-971-79-821
VP
Market Development and Public Relations