International energy company, E.on has announced a joint-venture agreement with commercial vehicle manufacturing newcomer Nikola Corporation to develop a hydrogen supply and infrastructure targeting heavy duty commercial vehicles in Europe.
Both parties have signed a term sheet securing the collaboration which is expected to be finalised by the end of 2022. The initiative will promote the advantages that hydrogen offers at cost parity or better than diesel based on the total cost of ownership, say the companies in a joint-statement. The goal is to make hydrogen available nationwide at stationary and mobile refueling points to ensure unrestricted green mobility. In heavy-duty transport, the use of green hydrogen, which has a high energy density, offers several advantages. A Fuel Cell Electric Vehicle (FCEV) has the potential to achieve longer range without significantly increasing weight.
“Our goal is to drive the energy transition in Germany and Europe,” says Patrick Lammers, COO customer solutions at E.on. ”For this, we also need innovative customer solutions. Our partnership with Nikola and the planned establishment of the joint venture are excellent examples. We can contribute our know-how in the hydrogen sector and help reduce many millions of tons of CO2.”
