Hydrogen electric trucks

Funding announced as investment heats up for low-carbon fuel technology.

New Zealand’s Ports of Auckland has been conditionally granted funds to buy hydrogen fuel cell vehicles as part of a wider project to build a hydrogen fuel production plant. That second project, in turn, is part of a bigger project to transform New Zealand into an electricity-powered economy.

The Nikola Motor tractor is powered by a hydrogen-electric engine and has earned the company Number 24 on the FreightWaves’ Research Institute Freight.Tech 25.

The year 2018 has been a big one for Nikola Corporation, and investors continue to line up to support the hydrogen-electric truck startup. Next year might be even bigger.

As it continues work toward disrupting the traditional diesel-powered truck market in North America, Nikola Motor Company is eyeing another continent: Europe.

After reviewing 30 site locations, Nikola Motor Co. has announced that Buckeye, AZ – just outside Phoenix – will be the location for its manufacturing headquarters.