- Nikola (NASDAQ:NKLA) and TC Energy Corporation (NYSE:TRP) ink a deal to collaborate on large-scale hydrogen hubs.
- The companies plan to co-develop, construct and operate large-scale hydrogen production facilities in the United States and Canada. Efforts are underway to identify and develop projects to establish the infrastructure required to deliver low-cost and low-carbon hydrogen at scale in line with each company's core objectives.
- As a long-term goal, Nikola and TC Energy aim to accelerate the adoption of heavy-duty zero-emission fuel cell electric vehicles and hydrogen across industrial sectors by establishing hubs in key geographic locations.
- Shares of Nikola (NKLA) are up 1.86% premarket. The relative strength index on NKLA is back below 50.