Hyroad Energy expands hydrogen fleet with Nikola truck acquisition

Acquisitions

Summary

Hyroad Energy acquired 113 hydrogen fuel cell trucks, spare parts, and related software and intellectual property from Nikola Corporation’s bankruptcy auction. The deal includes 103 new Nikola Tre trucks and supporting infrastructure intended to speed deployment and maintenance. Hyroad plans to use the assets to expand hydrogen trucking services, mainly in California. The company is also building hydrogen refueling infrastructure to support fleet operators moving away from diesel.

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