Nikola Announced An Additional $16.3M Has Been Awarded To Nikola To Support Seven Open-network Hydrogen Refueling Stations
Portfolio Pulse from Charles Gross
Nikola Corporation (NASDAQ:NKLA) has been awarded an additional $16.3 million to support seven open-network hydrogen refueling stations. This brings the total awards granted to Nikola to $58.2 million, which includes a $41.9 million Trade Corridor Enhancement Program (TCEP) grant award for six hydrogen refueling stations located along California freight corridors.
August 01, 2023 | 12:17 pm
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Nikola Corporation has received an additional $16.3 million award, bringing the total awards to $58.2 million for hydrogen refueling stations. This could potentially boost the company's financial position and its commitment to zero-emissions transportation.
The additional funding awarded to Nikola Corporation is a positive development for the company. It not only strengthens the company's financial position but also reinforces its commitment to zero-emissions transportation. This could potentially attract more investors and increase the company's stock price in the short term.
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