Nikola expects the Inflation Reduction Act (IRA) to provide a big boost to its efforts to establish a hydrogen network for its fuel-cell trucks.
The company late last week said it would build 60 hydrogen fueling stations by 2026, thanks to lower costs enabled by the IRA’s incentives, as well as state-level incentives.
Some work is already underway, the company noted. According to a press release, Nikola has purchased a land parcel in Buckeye County, Arizona, for a “hydrogen production hub” of the kind that’s proven controversial among environmental groups. Nikola also has a 20% stake in Wabash Valley Resources (WVR), a hydrogen producer Nikola intends to use to supply vehicles operating in the Midwest. The company also announced three California hydrogen station locations in August.