Trying to forget its founder’s legal troubles, Nikola banks on zero-emission trucks and the hydrogen to fuel them. “Of course, it would be easier if we didn’t have the baggage from the past.”
It moved confidently, but it also wasn’t pulling a trailer filled with hundreds of cases of Budweiser in glass bottles. It can haul 82,000 pounds and has a top speed of 70 mph.The Tre BEV appears to be more of a place holder until Nikola can produce the Tre FCEV in bigger numbers as a long-term solution for on-road shipping, starting first on the West Coast. Carrying hydrogen fuel onboard, the Tre FCEV can run for 500 miles, and it can be refilled in 20 minutes, Lohscheller says.
Nikola has in hand 100 customer orders for the Tre FCEV, which Lohscheller describes as a “super exciting milestone.” But building on that number to extend beyond the West Coast requires a holistic approach that includes growing the hydrogen refueling infrastructure. That’s where Nikola’s newly launched HYLA brand comes in as an energy supplier for its own trucks and for those of its rivals.
HYLA plans to build hubs that produce hydrogen—60 of them in North America in the next few years. And while those stations are being built, HYLA will use mobile fueling trucks to carry hydrogen to FCEV rigs needing fuel. By 2026, HYLA plans to produce 300 tons of hydrogen daily, to be supplied at hubs strategically spaced out every 300 miles in the Southwest, the Gulf Coast, Midwest, Northeast, and in Canada.
Major customers like Walmart or Coca-Cola might want their own hydrogen refueling stations, and Mendes says HYLA is prepared to build them, nudged along by California’s, granting customers up to $288,000 per fuel-cell truck. Lohscheller is passionate about Nikola’s mission, to replace the 4 million diesel-powered heavy trucks on the road in North America with something more sustainable. He says one diesel rig emits so much carbon dioxide that it takes 4900 mature trees to compensate for it. “Now is the time we need to do things differently,” he says.Beyond his environmental leanings, the bottom line presents a different kind of stress. Nikola’s stock value peaked at $65.
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