TC Energy signs agreement with Nikola on development of hydrogen hubs

CALGARY – TC Energy has signed an agreement with electric vehicle manufacturer Nikola to jointly develop large-scale hydrogen production facilities in the U.S. and Canada.

The two companies say they plan to produce 150 tonnes or more of hydrogen per day within the next five years.

The hydrogen hubs will be located near major trucking corridors to help U.S.-based Nikola fuel its heavy-duty fuel cell electric vehicles.

Calgary-based TC Energy says its existing pipeline assets could be used to transport the hydrogen. It says its pipelines could deliver CO2 to sequestration facilities to decarbonize the hydrogen production process.

Nikola president Pablo Koziner says the companies want to produce enough cost-efficient hydrogen to support widespread customer adoption of fuel cell electric vehicles.

The companies did not disclose an investment figure for the proposed project.

This report by The Canadian Press was first published Oct. 7, 2021.

Companies in this story: (TSX:TRP)