May 20, 2024 5:22 am
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Australian company acquires Nikola’s West Valley hydrogen hub site

Photo via Nikola Corp.

By Amy Edelen | Phoenix Business Journal

An Australian-based green energy company has acquired Nikola Corp.’s planned hydrogen hub project in Buckeye.

Fortescue Future Industries (FFI) paid $24 million for the assets of Phoenix Hydrogen Hub LLC, a holding company formed by Nikola (Nasdaq: NKLA) that owns the 1,000-acre site on which the hydrogen hub is to be built. The sale closed July 3, according to Nikola.

Read the full subscription story from the Phoenix Business Journal.

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