Nikola Corporation Klean Industries and Nikola Partner to Convert Truck Fleets to Nikola Tre FCEVs and to Co-Develop Green Energy Projects - (2024)

Vancouver, Canada —– Klean Industries Inc (“Klean”), a company focused on the recovery of clean energy and resources from waste, is pleased to announce that it has executed a Memorandum of Understanding (“MOU”) with Nikola Corporation (“Nikola”) (Nasdaq: NKLA) a leading designer and manufacturer of heavy-duty commercial battery-electric vehicles (“BEV”), hydrogen fuel cell electric vehicles (“FCEV”), and energy supply and infrastructure solutions, via its HYLA brand.

The companies intend to collaborate to encourage adoption of Nikola Class 8 zero-emission vehicles with Klean’s partners, feedstock suppliers, while developing green hydrogen supply and dispensing infrastructure in the United States and Canada. Nikola will evaluate offtake opportunities from green hydrogen projects being developed by Klean and its partners involving hydroelectric, wind and solar power in the Pacific Northwest and Canada. Utilizing Klean’s green hydrogen, the companies will also work together to convert Klean’s logistics partners’ truck fleet to Nikola Class 8 zero-emission vehicles.

Both Klean and Nikola see a significant opportunity to collaborate on projects where Klean and its partners operate recycling, resource recovery and waste to energy plants. This relationship is synergistic, as both parties see zero-emission logistics as a key part of delivering holistic supply chain solutions that facilitate the development of the low carbon hydrogen economy, with the goal of zero waste to landfill. Additionally, this collaboration demonstrates the commitment of Klean, their logistic partners, and Nikola, to help decarbonize the transportation sector as hydrogen plays a crucial role in providing a solution for the global path to a zero-emission future in transportation.

“We believe Nikola’s hydrogen electric trucks are going to fundamentally change the ground transportation and logistics landscape. This exciting collaboration will create opportunities that will reinforce the importance of working together as we look to both deploy and develop a renewable hydrogen value chain. Developing clean energy projects with leading technology companies such as Nikola, supports Klean’s strategic focus and enables our respective companies to create a symbiosis between waste, resources, and energy, while simultaneously helping in the creation of a circular low carbon economy. Green hydrogen has the potential to completely transform the energy landscape and drive a cleaner, more sustainable future,” said Jesse Klinkhamer, CEO of Klean Industries Inc.

Klean uses proprietary technologies to rapidly develop projects that produce the highest quality fuels, recovered carbon blacks, and green hydrogen from various kinds of feedstocks. Our know-how and technical skills provide a specialization in building projects that use advanced thermal technologies such as pyrolysis, gasification, and carbonization, which convert end-of-life tires, waste plastics, and municipal solid waste into domestic energy, sustainable commodities, and new cleantech jobs. We create a symbiosis between waste, resources, and energy. Klean Industries is the link between the low carbon, circular economy, and the goal of zero waste to landfill.

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