NIKOLA CORP. OUTLINES PLANS FOR NEW HYDROGEN HUB IN WEST VALLEY

URLhttps://www.aztechcouncil.org/nikola-corp-outlines
SourceArizona Technology Council
Date Published04/11/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name NIKOLA CORP
Parent companyNIKOLA CORP
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):20
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):16
City reshored to:Buckeye
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredHydrogen gas
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Image/brand, Raw Materials Cost, Inflation Reduction Act - applied for
Government Incentive dollar amount:1.3bil if approved
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