Zero-emissions transportation and energy supply and infrastructure solutions provider Nikola and global green energy company Fortescue Future Industries (FFI) have signed a memorandum of understanding (MoU) to collaborate on and evaluate the codevelopment of large-scale US green hydrogen production facilities.
The supply of green hydrogen for any potential projects will be underpinned by Nikola as a potential offtaker, which has high demand for green hydrogen to decarbonise the transportation sector and other industries.
FFI’s considerable experience and capabilities in hydrogen project development are said to make it an ideal partner for Nikola in the potential development of this project.
FFI, which is a subsidiary of Australia-headquartered iron-ore miner Fortescue Metals, is acquiring and developing technology solutions for hard-to-decarbonise industries, while building a global portfolio of renewable energy, green hydrogen and green ammonia projects.
Under the terms of the MoU, Nikola will evaluate green hydrogen offtake opportunities from any other green hydrogen projects being pursued by FFI. The parties will also evaluate the potential codevelopment of new green hydrogen production and associated infrastructure projects.
“FFI has an ambitious decarbonisation strategy and associated investment allocated to lead the decarbonisation efforts for one of the biggest resources companies in the world.
“This MoU will establish the framework for future collaborations as strategic partners for the potential codevelopment of meaningful energy transition solutions, with a focus on the Phoenix Hydrogen Hub project being led by Nikola today,” says Nikola president and CEO Michael Lohscheller.