20
Jul
18:50
Nikola to sell Phoenix Hydrogen Hub project to Fortescue Future Industries
US zero-emission vehicle manufacturer Nikola Corporation will sell its planned Phoenix Hydrogen Hub (PHH) to Australia-based green energy company Fortescue Future Industries (FFI) after reaching an undisclosed deal.
The companies had signed am MOU in January to explore the co-development of green hydrogen production facilities in the US. Now, Nikola is saying FFI will acquire the project the PHH project, bringing in the capital and resources required to fully dev…
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Very good overview of the weekly steel market.
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