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Nikola and Partner Plan to Build Hydrogen Fueling Stations

A Nikola Tre battery-electric heavy duty truck.Photographer: Andreas Gebert/Bloomberg
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Nikola Corp. reached a preliminary deal with Opal Fuels LLC to construct hydrogen fueling stations in North America, part of an effort to develop promised infrastructure critical to the alternative-energy truckmaker’s growth.

Under a memorandum of understanding, the companies will co-develop hydrogen-fueling stations and explore the use of renewable natural gas, according to a statementBloomberg Terminal Thursday. Financial terms of the agreement weren’t disclosed.