Nikola, KeyState Considering Hydrogen Partnership
- November 1, 2022
- Posted by: Quatro Strategies
- Category: Cleantech
Electric vehicle (EV) manufacturer Nikola said on Monday it was working with blue hydrogen producer KeyState Natural Gas Synthesis to build Pennsylvania’s first low carbon hydrogen supply chain. Nikola added that it was looking to complete a definite agreement with KeyState to expand supply of hydrogen for its fuel-cell EVs (FCEVs).
The KeyState site in Pennsylvania is expected to be operational in 2026 and will also supply ammonia and urea for industrial and transportation markets.
Nikola is also building a hydrogen fuel cell electric semi-truck with a range of up to 500 miles and a refuel time of under 20 minutes that would enable it to carry freight over longer distances.
The electric truck maker added that KeyState plans to supply the company with up to 100 tonnes per day of low-carbon hydrogen, which can supply fuel for up to 2,500 Nikola Tre FCEVs.
That figure could replace over 51 million gallons of diesel per year, Nikola said.
Nikola’s move is considered as part of the company’s effort to maximize value under the Inflation Reduction Act, which was signed into law by Biden in August. The law grants companies that produce hydrogen up to $3 per kilogram of the fuel for the first five years.
Nikola said earlier in October that the IRA would help reduce costs across its energy and electric truck businesses.
KeyState Natural Gas Synthesis is a joint venture between KeyState Energy and Frontier Natural Resources Inc.
Subscribe to Top Insights Today
The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights
Join the ranks of global executives and subscribe to Top Insights Today
Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business
Read more insights
EU Lays Out Options to Diversify Energy, Increase Gas Storage Levels
The European Commission announced that it will present options to diversify and increase gas storage levels around the bloc. The European Union intends to reinforce its energy security by making it less reliant on Russia following the invasion of Ukraine.
Lithium Sales Push Argentina’s Mining Exports to 10-Year High
Argentina’s mining exports have reached a 10-year high last year, thanks to a surging lithium income as the South American nation aims to increase profits further from the battery metal key to meeting soaring demand for electric vehicles (EVs). Lithium sales helped push the country’s mining exports to $3.86 billion last year, the highest in a decade, even as the country suffer from triple digit annual inflation and droughts hampering agricultural output, one of Argentina’s key export goods.
Future of Copper Supply Depends on New Investments
Global demand for copper is expected to surpass supply by more than six million tonnes by the end of the decade. A difference of this level between supply and demand will create serious issues for a range of industries from electric vehicles (EV) to consumer electronics as there is currently no substitute for the metal in electrical applications. There is growing need for investment in copper mining.