Nikola Corporation Earns $41.9M Grant for California Hydrogen Infrastructure

Nikola Corporation has scored a $41.9 million grant for hydrogen infrastructure in California.

The California Transportation Commission (CTC) has awarded Nikola and sponsor California Department of Transportation (Caltrans) funds to construct six heavy-duty hydrogen refueling stations throughout the southern part of the state. This investment furthers Caltrans’ zero-emission vehicle (ZEV) strategy, supporting the growth and adoption of ZEV freight tech. 

These six stations will sit along Californian freight corridors in several air quality management districts. The anticipated impact? A significant boost to the region’s environmental and community health. We’re talking about diminishing carbon emissions, improving air quality, AND reducing noise pollution! 

Each station will be able to fuel roughly 80 to 100 trucks per station per day. All of this infrastructure is all set to be rolled out before Nikola launches their hydrogen fuel cell truck later this month, which is expected to drive adoption. 

Nikola is truly working to transform the transportation industry, and with this latest development, they’re certainly fueling the momentum. 

Climate Deals

Climate Deals

KeyState Secures Funding Through $925M ARCH2 Hydrogen Grant

  • Hydrogen
KeyState has secured substantial funding through the US Department of Energy’s ARCH2 $925 million grant. The Appalachian Regional Clean Hydrogen Hub (ARCH2) is one of seven hubs nationwide to receive funding through Biden’s $7 billion H2 Hubs Initiative.  As a Principal Project of ARCH2, this is a big win for KeyState. Their approach is set to redefine industry standards by delivering ultra low carbon intensity hydrogen and ammonia at market-ready costs.  KeyState’s work highlights the importance of developing viable, cost-effective solutions in the hydrogen sector. By aligning with the broader goals of the H2 Hubs Initiative, they are contributing significantly towards achieving a cleaner, hydrogen-fueled economy. 
Climate Deals

EnergyX Secures $50M in Series B Funding for Lithium Tech

  • Clean Power, Mining
We hosted EnergyX CEO Teague Egan on the Energy Superheroes podcast a while back, where he explained how his company is developing groundbreaking energy storage and lithium extraction technologies.  This funding round was led by forward-thinking investors who clearly see the immense potential in sustainable energy solutions. This includes General Motors, Elohim Partners, and IMM Investment Global. IMM’s fund was largely contributed to by POSCO Holdings, a South Korean lithium battery materials company.  EnergyX is changing the world of batteries with its patented Lithium-Ion Transport and Separation (LiTAS) technology, which is less harmful and more efficient than traditional extraction options.  Investments like these are what will fuel the energy transition, and with companies like EnergyX leading the way, a carbon-neutral future looks more achievable than ever.  To learn more, be sure to check out our full episode with EnergyX on Youtube or our website.   
Climate Deals

Spearmint Energy Gets $92 Million Tax Equity Financing for Texas-Based Energy Storage

  • Clean Power
Spearmint Energy just secured $92 million in tax equity financing for an ambitious battery energy storage project. The financing will push the development of Revolution, a 150 MW, 2-hour battery energy storage project that will be part of Texas’ ERCOT market. Funds were provided by Greenprint Capital, LLC.  This project highlights increasing investor confidence in renewable energy ventures. It’s a clear signal that the transition to clean, reliable energy is not just a trend, but a robust, financially sound decision.   
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