Written by Cláudio Afonso | LinkedIn | X
Nikola, the electric and hydrogen truck manufacturer, announced on Monday that it conducted 5,091 hydrogen fueling sessions between December 27, 2023, and September 30, 2024, according to its latest sustainability impact report published on Monday.
The company, which introduced its hydrogen energy brand HYLA last year and opened the first station in the first quarter, has currently four stations in California with a fifth one planned to open “soon” in Wilmington.
| City | Location | Provider | Status |
|---|---|---|---|
| Ontario | 2445 East Guasti Road, Ontario, CA 91761 | Nikola | OPEN |
| Oakland | 2450 Engineer Rd., Oakland, CA 94607 | First Element | OPEN |
| Long Beach | 2267 W Gaylord, Long Beach, CA 90813 | Nikola | OPEN |
| Wilmington | 690 Pioneer Avenue, Wilmington,CA 90744 | Nikola | COMING SOON |
| Santa Fe Springs | 13443 Freeway Dr., Santa Fe Springs, CA 90670 | Nikola | OPEN |
The Oakland station was opened under the partnership with FirstElement Fuel to cover both Northern and Southern California regions.
The Phoenix-based company aims to provide 14 fueling solutions in North America by year-end and has currently 21 sales and service locations in the region.
Nikola sold 114 trucks last year and reused 192 metric tons of batteries while metric tons of hydrogen dispensed reached 182.
In the annual report, Nikola said solar power accounted for more than 10% of the facility’s energy output adding that it surpassed its internal targets for waste reduction at its manufacturing plant in Coolidge, Arizona.
Nikola’s Head of Sustainability Alexia Bednarz said the company’s commitment to sustainability “is not just trendy or a nice-to-have, it’s who we are, and the marketplace is realizing that it’s time to shed the old standards of the transportation industry for new solutions.”
“And today, hundreds of Nikola zero-emissions trucks are on the road, delivering goods,” the executive added.
Nikola, citing data from the Environmental Protection Agency (EPA), notes that the transportation sector is responsible for roughly 28% of direct U.S. greenhouse gas (GHG) emissions, with medium- and heavy-duty trucks accounting for about 23% of those emissions within the sector.
Last Friday, Nikola shares reached to a new all-time low of $3.72, a few days after the company announced a fresh round of layoffs aimed at “adjusting and rescaling” its workforce.
The stock has tumbled 58% over the past three months and is down 84% year-to-date, with shares currently trading at $4.01
Last week, Nikola informed employees of a new round of layoffs, coming less than 18 months after the company cut 23% of its Arizona workforce. The latest cuts impacted 135 employees, roughly 15% of Nikola’s total workforce.
The management is expected to provide a business update when reporting its third-quarter earnings results on the last day of October.
In the third quarter of the year, Nikola sold 88 fuel cell trucks, a new record that sent year to date sales figures to 200 units.
The company shares reached an all-time high of $2,819 in 2020, a figure significantly affected by several reverse stock splits the company has executed since then.
These reverse splits reduced the number of outstanding shares, effectively raising the price of each share to ensure compliance with Nasdaq’s $1 minimum trading price rule.
Written by Cláudio Afonso | LinkedIn | X
