Truck maker Nikola agreed to sell its Phoenix Hydrogen Hub project to partner Fortescue Future Industries for $24 million, the companies said. Nikola teamed up with Australia-based FFI to develop the Buckeye, Ariz., project, with a memorandum of understanding signed in January. FFI has the funds and resources required to fully develop the green hydrogen project, Nikola said, and the companies are working on a fuel supply deal for Nikola’s Class 8 trucks.

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