PHOENIX – January 24, 2023 -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, and Fortescue Future Industries (FFI) have executed a memorandum of understanding (MOU) to collaborate on and evaluate the co-development of large-scale U.S. green hydrogen production facilities.
Supply of green hydrogen for any potential projects will be underpinned by Nikola as a potential offtaker, which has a large demand for green hydrogen in order to decarbonize the transportation sector and other industries.
FFI’s significant experience and capabilities in hydrogen project development make it an ideal partner for Nikola in the potential development of this project. It is a global green energy company pursuing opportunities in more than 25 countries and a subsidiary of top ten ASX company Fortescue Metals Group Ltd (ASX: FMG). FFI is leading the green industrial revolution by acquiring and developing technology solutions for hard-to-decarbonize industries, while building a global portfolio of renewable energy, green hydrogen and green ammonia projects.
Under the terms of the MOU, Nikola will evaluate green hydrogen offtake opportunities from any other green hydrogen projects being pursued by FFI. The parties will also evaluate the potential co-development of new green hydrogen production and associated infrastructure projects.
https://nikolamotor.com/press_releases/fortescue-future-industries-ffi-and-nikola-to-collaborate-and-invest-in-the-co-development-of-large-scale-u-s-green-hydrogen-production-projects-225