Nikola plans 60 hydrogen stations by 2026

Hyperbole about hydrogen pricing helped convict Nikola Corp. founder Trevor Milton of fraud in federal court. On Thursday, the electric truck maker laid out plans for 60 hydrogen stations by 2026, enabled by a raft of federal and state incentives.That’s a far cry from the 700 stations at $17 million a station that Nikola outlined in its pitch deck in 2020. It’s unclear how much Nikola will pay per kilogram of production. But it probably will be substantially more than Milton’s claim of sub-$4 a kilogram. Government funding will help shave several dollars off per kilogram.Land purchased for hydrogen-making hubPhoenix-based Nikola recently purchased 900 acres of land in Buckeye, Arizona, where it will locate its first hydrogen-making hub. Arizona Public Service agreed to sell electricity to Nikola for about 2 cents a kilowatt hour. The company purchased electrolyzers from Nel ASA…

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