Benzinga | Aug 12, 2021 01:19PM EDT

Nikola Secures $2M Grant From US DOE To Advance Autonomous Refueling Technologies

* Electric vehicle manufacturer Nikola Corp (NASDAQ:NKLA) has secured an approximate $2 million grant from the U.S. Department of Energy aimed at facilitating its research into autonomous refueling technologies for future hydrogen fueling stations.

* The grant is funded by the U.S. Department of Energy's Energy Efficiency and Renewable Energy (EERE) Transportation Office under the recently announced Hydrogen and Fuel Cells R&D.

* "This funding is essential to advance key hydrogen fueling technologies that can improve the overall efficiency of fuel-cell commercial vehicles while maintaining the safety and reliability standards required," said Pablo Koziner, president, Energy and Commercial, Nikola.

* Price Action: NKLA shares are trading lower by 0.60% at $9.94 on the last check Thursday.