New Long Beach station advances Nikola's
commitment to sustainable transportation solutions
PHOENIX, May 8, 2024
/PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader
in zero-emissions transportation and energy supply and
infrastructure solutions, via the HYLA brand, proudly announces the
opening of its latest HYLA high-pressure modular refueling station
and facility in Southern Calif.
Situated near the Port of Long
Beach at 2267 W. Gaylord St., this new station commenced
operations on May 4, 2024. This
launch is yet another pivotal milestone in Nikola's strategic plan,
aiming to establish a network of up to nine refueling solutions by
mid-2024, with a total of 14 operational sites slated for
completion by year-end, which include a combination of HYLA modular
fuelers and partner stations such as FirstElement Fuels' in the
Port of Oakland.
Complementing the infrastructure is Nikola's unwavering
commitment to providing an exceptional customer experience,
offering round-the-clock assistance through dedicated HYLA
Ambassadors and Operation Technicians, ensuring seamless and
efficient fueling.
"We are thrilled to inaugurate our second HYLA hydrogen
refueling station in Southern
California, marking a significant stride toward sustainable
transportation," said President of Energy Ole Hoefelmann. "Our heartfelt appreciation
extends to the City of Long Beach
and the Long Beach Fire Department
for their instrumental role in realizing this vision. With multiple
stations in the pipeline this year, we are steadfast in our mission
to pioneer zero-emission trucking solutions and drive positive
environmental impact."
Through the alignment with notable industry partners, Nikola is
actively securing its hydrogen supply chain and expanding its HYLA
refueling infrastructure to support increased demand. This ongoing
development underscores Nikola's commitment to accelerating the
adoption of hydrogen fuel cell electric trucks and advancing the
decarbonization agenda in transportation.
The HYLA refueling network plans to offer a diverse portfolio of
refueling solutions to Nikola's hydrogen fuel cell electric
vehicles and other Class 8 customers, including modular and
permanent HYLA stations, "behind-the-fence," and partnerships with
public truck stops. Notably, this expansion includes a recent
10-year agreement with FirstElement Fuel for a hydrogen refueling
station in Oakland, Calif.
ABOUT NIKOLA CORPORATION:
Nikola Corporation's mission is clear: pioneering solutions for a
zero-emissions world. As an integrated truck and
energy company, Nikola is transforming commercial
transportation, with our Class 8 vehicles, including
battery-electric and hydrogen fuel cell electric trucks, and our
energy brand, HYLA, driving the advancement of the complete
hydrogen refueling ecosystem.
Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility
in Coolidge, Arizona.
Experience our journey to achieve your sustainability goals
at nikolamotor.com or engage with us on social media
via Facebook @nikolamotorcompany,
Instagram @nikolamotorcompany,
YouTube @nikolamotorcompany,
LinkedIn @nikolamotorcompany or
Twitter @nikolamotor.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Nikola Corporation (the "Company"), including statements relating
to the benefits and capabilities of the Long Beach station or the
planned HYLA fueling solutions and related hydrogen
infrastructure; about the station beginning a pivotal
milestone in the Company's strategic plan; about the station
marking a significant stride toward sustainable transportation; and
about the station's ability to drive positive environmental impact;
providing customers access to hydrogen; working with partners to
establish a fueling ecosystem; and the Company's beliefs regarding
its competitive position and the benefits thereof. Forward-looking
statements are predictions, projections, and other statements about
future events based on current expectations and assumptions and, as
a result, are subject to risks and uncertainties. Many factors
could cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: the ability of the Company to access sufficient capital
to meet its requirements and fund its business; manufacturing
delays and difficulties; risks related to the rollout of the
Company's hydrogen fueling infrastructure and the timing thereof;
construction risks and delays; the availability of access to
hydrogen refueling facilities; risks associated with manufacturing
batteries and fuel cell power modules; variations in and
characteristics of the hydrogen fueling location, including but not
limited to fueling hardware and software protocol, fuel amount, and
fueling conditions, any of which may affect refueling times;
variations in terrain, temperature, speed, road conditions, truck
configuration, payloads and other variables which may affect range;
the Company's ability to remain listed on Nasdaq; and the factors,
risks and uncertainties described in the "Risk Factors"
section of the Company's annual report on Form 10-Q for the quarter
ended March 31, 2024 filed with the
SEC, in addition to the Company's subsequent filings with the SEC.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and, except as required by law, the Company assumes no
obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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SOURCE Nikola Corporation