Nikola’s energy president resigns

(Photo: Nikola)

By Yahoo Finance!

Carey Mendes, who led the branding of Nikola Corp.’s hydrogen business and signed a deal to get financing for up to 50 hydrogen fueling stations, has resigned from the electric truck and hydrogen distribution developer.

The company announced the departure in a one-sentence filing with the Securities and Exchange Commission on Friday. Nikola did not publicly name a successor.

Mendes became president of energy less than a year ago. He joined the electric truck and hydrogen distributor as the global head of energy finance in October 2021. He did not respond to a request for comment on his decision.

During Mendes’ brief tenure, Nikola made several moves in the hydrogen space. The largest was a partnership with infrastructure startup Voltera Inc. to finance hydrogen up top 50 fueling stations where hydrogen-powered fuel cell trucks from Nikola and other fuel cell trucks could fill up.

At $10 million to $20 million per station, the investment could amount to as much as $1 billion.


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