Nikola announces $14 million fuel cell lab investment in run-up to Semi-truck event



Tesla Semi Truck rival Nikola Motor Company has announced a $16 million equipment purchase for its hydrogen fuel cell lab, representing an initial investment of several hundred million dollars intended. The laboratory represents a vital part in Nikola’s plan to provide high quality, high-efficiency fuel cell technology at a pace fast enough to satisfy the needs of the trucking industry as it drives towards an alternative-power future.

“We believe the fuel cell will replace the diesel engine in another 10 years,” Trevor Milton, CEO of Nikola stated in recent press release. “This lab will be filled with exceptionally gifted fuel cell engineers and is a crucial role in our truck development — allowing Nikola to set a new efficiency benchmark for heavy-duty fuel cell systems. ”

Nikola intends to develop its lab into the most advanced research and development facility of its type, allowing the development, validation, and testing of its gas cell system in 1 spot, dedicated to their specific needs. The centralization of these crucial functions and capabilities will reduce the time required to meet Nikola’s mission landmarks using other manufacturers and third-party labs by half. “It is a race to the finish line today for our staff,” Milton added, also indicating the interest other OEMs have expressed for the firm ’s fuel cell drivetrain and hydrogen stations.

Nikola One semi truck. | Credit: Nikola
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The fuel cell lab is the next major recent investment announcement for the company. Last week, Nikola released details surrounding its 400-acre bargain in Pinal County, Arizona with Saint Holdings, LLC where the company will build its semi-truck manufacturing facility to create its Nikola One rollercoaster, Nikola Two day taxi, and Nikola Tre for the European market, all set to compete with Tesla’s Semi Truck. The location is inside Heritage, an 11,438-acre prime development area, within the Inland Port Arizona part of the website, itself comprising 3,000 acres and dubbed a “manufacturing mega website. ” Nikola’s existence in the area is expected to bring an estimated $1 billion in economic stimulus to the area by 2024.

The hydrogen-electric semi truck maker will reveal more details about its state-of-the-art lab at Nikola World, occurring on April 16-17 in Scottsdale, Arizona. Other revelations will include major trucking, Powersports and hydrogen-related topics, together with a few promised surprises.

Follow us @Teslarati for behind the scenes coverage from Nikola World where we’ll be bringing you a first look at the firm ’s upcoming hydrogen-electric semi-truck.

The article Nikola announces $14 million fuel cell lab investment in run-up to Semi-truck occasion appeared first on TESLARATI.

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