Plug Could Expand Into Big Trucks
Barron’s reports that another, perhaps even more exciting, opportunity for Plug Power lies within the idea of using fuel cell technology to power heavy-duty trucks.
An attractive partner for such a move would be Nikola (NASDAQ:NKLA), the zero-emissions vehicle production company that just went public in June. The company makes Nikola One and Nikola Two electric semi-trucks.
But Plug Power isn’t looking just at Nikola. There are four potential manufacturing partners in talks with Plug Power, according to CEO Andrew March.
“It’s probably early next year, mid next year, where the 4 manufacturers we’re working with for scale manufacturing, we expect to have an announcement. It’s possible, quite honestly, that there could be one a good deal sooner than that. We expect to be putting vehicles on the road at small scale this year…so the business is evolving and growing.” |
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