Nikola Phoenix Hydrogen Hub enters second phase for $1.3bn hydrogen production loan

Nikola Corporation has announced that the Department of Energy Loan Program Office (LPO) has invited its Phoenix Hydrogen Hub project loan application into Part II of its application process.

The project loan application was submitted on May 26, 2022 and has now progressed through the Part I review.

The application for a loan guarantee under the Innovative Clean Energy projects solicitation could amount to up to $1.3bn for a renewable electrolytic hydrogen production facility that could produce up to 150 tonnes of hydrogen per day. The application process is wholly dependent on the results of the Department of Energy (DOE) review and evaluation of a Part II Application, and DOE’s determination whether to proceed.

The Phoenix Hydrogen Hub owns 920 acres of undeveloped land in Maricopa County, Arizona, where the facility is planned to be sited to support the deployment of Nikola’s heavy duty, zero-emission fuel cell electric vehicles (FCEVs) and hydrogen refuelling stations in California and the US Southwest.

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