The purpose of the joint venture between E.ON and Nikola Corporation is to reduce carbon emissions from commercial trucks.
Together, the companies can provide clients with a comprehensive mobility solution that supports the goal of increasing hydrogen usage. At this time, a term sheet has been agreed by both sides as a basis for the collaboration, and negotiations are underway toward a definitive agreement.
The goal of the partnership is to create an eco-friendly, sustainable hydrogen infrastructure alongside next-generation Class 8 semi-truck technology and support systems. Therefore, the collaboration has the potential to revolutionize the emission-heavy, heavy-duty transportation industry.
The goal of the partnership is to raise awareness about the benefits of hydrogen technology at a total cost of ownership that is competitive with or lower than diesel. To provide unrestricted green mobility, the plan is to make hydrogen available at recharging locations across the country.
There are a number of benefits to using green hydrogen, which has a high energy density, in heavy-duty transportation. More mileage may be possible for a fuel cell electric vehicle (FCEV) without considerably increasing its mass. Another option for delivery trucks with limited mileage and regular charging needs is the battery electric vehicle (BEV). It is plausible that BEVs and FCEVs will coexist in the commercial vehicle market.
By the end of 2022, the joint venture partners hope to have developed some preliminary collaborative projects.
