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Hyzon appoints industry veteran as president of vehicle operations

Hyzon Motors Inc. has appointed Pat Griffin as president of Vehicle Operations.

Griffin most recently served as CEO at Crane Carrier Company, a leading original equipment manufacturer (OEM) of vocational trucks and specialty vehicles. During Griffin’s tenure, he successfully positioned the company for growth, supporting the sale by Turnspire Capital Partners to electric vehicle technology developer Battle Motors, another pioneer in zero-emissions trucking.

Pat Griffin

“Joining Hyzon, a company at the forefront of the clean energy transition, allows me to apply years of functional experience in the heavy-duty vehicle industry to a truly transformative mission,” Griffin said. “I look forward to shaping the strategy and commercialization of this much-needed technology.”

Prior to joining CCC, Griffin held the position of president of Light Duty Truck & EV Solutions at Fontaine Modification, a Berkshire Hathaway company and leading provider of post-production truck modification services. Fontaine Modification and Hyzon have partnered to provide vehicle assembly services for Hyzon’s U.S. fuel cell electric vehicle production.

“Pat’s knowledge of the market, the product and the suppliers, combined with his track record of driving growth and profitability, make him the ideal choice for this position,” said Hyzon CEO Craig Knight. “We believe that the breadth and depth of his experience in vocational as well as electric vehicles will help Hyzon achieve its full potential.”

Headquartered in Rochester, with U.S. operations in the Chicago and Detroit areas, and international operations in the Netherlands, Singapore, Australia, Germany and China, Hyzon is a leader in fuel cell electric mobility with an exclusive focus on the commercial vehicle market, and a near-term focus on back to base (captive fleet) operations.

Shares of company stock (NASDAQ: HYZN) on Thursday were trading down slightly from Wednesday’s close at $5.57.

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Hyzon responds to short-seller report

Hyzon Motors Inc., the Rochester-based global supplier of zero-emission fuel cell vehicles, on Tuesday responded to a short sell report that was released last week that tanked the company’s stock price.

Tuesday afternoon, shares of Hyzon stock (Nasdaq: HYZN) had rebounded slightly to $6.35 from Monday’s low of $5.92 and a September high of $10.87.

Craig Knight

“The self-serving short-seller report published by Blue Orca last week is inaccurate and misleading, and we believe it was intended solely to generate profits on Blue Orca’s short position at the expense of Hyzon’s long-term shareholders. Hyzon is enjoying market momentum across its business globally, and is focused on executing on the business plan it presented to investors,” said Hyzon CEO Craig Knight in a statement. “Hyzon has no record of this short-seller ever meeting with Hyzon management, requesting any information or clarification from Hyzon, or otherwise seeking to verify any of its claims, which would have been expected given the inflammatory and grossly inaccurate statements made in the report. We stand by our public disclosures and we expect Hyzon’s performance will speak for itself. Today, Hyzon operates from a position of strength with approximately $500 million of cash and cash-equivalents on its balance sheet to execute on our strategy, and we look forward to discussing a number of promising developments with our investors in our regularly scheduled earnings calls.”

In Blue Orca Capital’s Sept. 28 report, the firm alleges that Hyzon “is just a repackaging of a flailing Chinese parent company which has been trying to sell the same hydrogen fuel cells without much success for 17 years.”

In February, Hyzon entered into a special purpose acquisition company (SPAC) agreement with Decarbonization Plus Acquisition Corp., a move that was completed in July. The merger resulted in $550 million in primary proceeds, including funds from DCRB’s former trust account and $400 million in cash from a private placement in public equity.

Knight and Hyzon Executive Chairman George Gu had previously founded Horizon Fuel Cell in 2003.

“Then in early 2020, we chose to set up a new entity, really to leverage the core technology we had built up over the years into what we saw was about to become a very sizable market,” Knight told the RBJ in July.

In early September this year, Hyzon announced it had secured a deal to supply 500 electric trucks from a Chinese customer. The Blue Orca report suggests that “Hyzon’s largest customer is a fake-looking Chinese shell entity formed three days before deal (was) announced.”

The report further states that “phantom big-name customers suggest overstated orders and financial projections,” referring to Hyzon’s initial investor presentation filed in February 2021 that Coca Cola, Ikea and Heineken were already “top tier customers” and “partners.”

“Yet in the following months, after other EV SPACs like Lordstown Motors got into trouble for fabricating customer contracts, Hyzon quietly dropped these household names from its investor decks,” Blue Orca claims in its report.

Hyzon, in Tuesday’s response to the report, addressed the “phantom” customers claim, stating that “the short-seller report falsely claims that Hyzon overstated its relationship with certain customers in its investor presentations. Like any innovative company in a nascent industry, Hyzon continues to pursue a wide range of potential opportunities, any one of which may or may not ultimately result in a commitment to purchase vehicles from Hyzon. Contrary to the short seller’s claims, no customers or potential customers “disappeared” from any investor presentation; rather, Hyzon anonymized certain customer and potential customer names in its July 2021 investor presentation. Hyzon already has entered into signed agreements with certain entities identified as potential customers in its investor presentations, including the Southern California Gas Company, Ark Energy and the Municipality of Groningen.”

Hyzon in its statement said the company is excited about its partnership with Shanghai Hydrogen HongYun Automotive Co. Ltd, “which is a special purpose entity seeking to provide third-party clean energy logistics services to corporate customers.” Shanghai HongYun was established in the wake of the Shanghai government’s August 26, 2021, announcement that Shanghai would be among the first participants in China’s national hydrogen fuel cell vehicle pilot program.

Hyzon in its response also clarified the relationship between the company and Shanghai Hydrogen, saying that the two companies entered into a non-binding memorandum of understanding under which the parties would negotiate definitive vehicle supply agreements pursuant to which Shanghai HongYun is expected to order 100 trucks in 2021 and an additional 400 trucks in 2022.

“Notwithstanding the short seller’s claims, however, Hyzon specifically disclosed in its September 9, 2021, announcement that Shanghai HongYun was not yet a customer of Hyzon,” Hyzon officials said in the statement. “Consistent with the terms of the MoU, Hyzon expects that Shanghai HongYun will be able to leverage its existing relationships to enter into long-term logistics service agreements with end-users for Hyzon’s hydrogen-powered vehicles. Hyzon expects to receive binding purchase orders from Shanghai HongYun for these vehicles, which Hyzon anticipates will include upfront deposits and installment payments.”

Blue Orca’s report contends that the company spoke with a former Hyzon senior executive, whom the report does not name, who told them “I just didn’t like the way it was being presented. A lot of the stuff that they are saying is open to interpretation how you read that. Saying that they’ve got all of these orders and things. But a lot of them are all MoUs, which as you know in the business mean basically nothing.”

Hyzon’s response also noted that “In the end, the misleading and inaccurate claims in this short-seller report are a harmful distraction for Hyzon and the global family of employees, customers, suppliers and investors, but not one that will deter Hyzon from fulfilling its commitments to these stakeholders. Hyzon is extraordinarily eager to continue the acceleration of the hydrogen economy in its primary use cases of heavy-duty, high utilization commercial vehicles, and expects its addressable markets to only grow over time.”

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Hyzon receives order for zero-emissions trucks in Australia

Hyzon Motors Inc. has received an order for five 154-ton trucks from an Australian subsidiary of the world’s largest zinc, lead and silver producer, Korea Zinc.

Rochester’s Hyzon Motors Inc. has received an order for five 154-ton trucks from an Australian subsidiary of the world’s largest zinc, lead and silver producer, Korea Zinc.

Financial aspects of the purchase were not detailed, but Hyzon officials said the company is obligated to deliver the zero-emission vehicles to Ark Energy, the Australian subsidiary, by the end of 2022. Ark Energy plans to lease the trucks to its sister company, Townsville Logistics, which will deploy them in three-trailer road train configurations as part of its short-haul fleet.

The fuel cell trucks, which will replace the company’s diesel equivalents, are expected to reduce carbon dioxide emissions by more than 1,400 tons per year.

Hyzon will assemble the vehicles in Australia, aligning with the company’s plans to boost Australian production of fuel cell vehicles. The project is expected to be the first in the world to use Hyzon’s ultra-heavy-duty fuel cell vehicles.

“Hyzon is the only hydrogen commercial mobility company that can meet our needs,” said Ark Energy CEO Daniel Kim in a statement. “Our fuel cell trucks need to be 154-ton rated, built to Australian Design Rules and delivered by the end of next year. That was the ultimate basis for placing this order.”

Hyzon has committed to developing its next-generation 370kW fuel cell systems — the equivalent of 500 horsepower — and this project will help advance the growing market for the application in Australia’s ultra-heavy transport sector.

Craig Knight

“This definitive order from Ark Energy is a prime example that decarbonization is happening now,” said Hyzon CEO Craig Knight. “Our work with Ark Energy will help lay the foundation for an emissions-free future in Australia.”

Separately, Hyzon said last week that it had signed a memorandum of understanding with Shanghai Hydrogen HongYun Automotive Co. Ltd. for the purchase of 500 hydrogen-powered electric trucks.

Hyzon expects to provide 49-ton hydrogen-powered tractor trucks to HongYun, subject to execution of a definitive vehicle supply agreement. Under the non-binding MoU, the initial order of 100 vehicles is expected prior to the end of this year, while the remaining 400 vehicles will be ordered in 2022.

HongYun focuses on providing logistics solutions primarily through hydrogen-powered fuel cell electric vehicles. The company provides operation, leasing and maintenance service for customers nationwide, including one of the world’s largest steelmakers.

“Hydrogen fuel cell technology has been adopted more quickly in China than the rest of the world,” Knight said in a separate statement. “This allows Hyzon to begin the critical work of decarbonizing the environment while building experience, capacity and expertise, which will be applied globally.”

Shares of company stock (Nasdaq: HYZN) have ranged from $ 6.02 to $19.95 in the last 52 weeks, settling at $9.76 midday Tuesday.

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Hyzon Motors completes business combination, trades on Nasdaq

Hyzon Motors' U.S. headquarters is in Honeoye Falls. The company recently completed its business combination and is trading as HYZN on Nasdaq. (photo provided)
Hyzon Motors’ U.S. headquarters is in Honeoye Falls. The company recently completed its business combination and is trading as HYZN on Nasdaq. (photo provided)

Rochester’s Hyzon Motors USA Inc. has completed its business combination with Decarbonization Plus Acquisition Corp. and has begun trading on the Nasdaq Global Select market under the symbols HYZN and HYZNW.

As part of the business completion, Decarbonization Plus has changed its name to Hyzon Motors Inc. As a result of the transaction, Hyzon has received more than $550 million in primary proceeds, including funds from DCRB’s former trust account and $400 million in cash from a private placement in public equity.

Hyzon plans to use the proceeds to accelerate its growth and to fund operations. All equity holders of Hyzon USA have rolled over 100 percent of their securities and own roughly 70 percent of the combined company.

Hyzon will be led by Hyzon USA’s senior management team including George Gu as executive chairman, Craig Knight as CEO, Mark Gordon as chief financial officer, Adam Kroll as chief administrative officer, parker Meeks as chief strategy officer and John Zavoli as general counsel and chief legal officer.

The company’s board will be comprised of Gu, Knight, Erik Anderson, Mark Gordon, Elaine Wong, Ivy Brown, Viktor Meng, Dennis Edward and KD Park.

Craig Knight
Craig Knight

“We are old hydrogen guys who set up a new business,” Knight said of Hyzon and its predecessor. “Our chairman, George, and I set up Horizon Fuel Cell together with some other guys in 2003 and did a little work on technology development, commercialization of fuel cell technology. Then in early 2020, we chose to set up a new entity, really to leverage the core technology we had built up over the years into what we saw was about to become a very sizable market.”

That market is the decarbonization of over-the-road trucks and heavy vehicles such as concrete and garbage trucks, as well as transit vehicles and more. Since founding Horizon in China in 2003, the team has steadily worked on transforming the industry through its fuel cell technology.

“We realized that we were doing things that nobody else in the world was doing. We had all these heavy trucks driving around (China) powered by the fuel cells made by the parent company Horizon. And realized they needed to be sent around the world and globalized,” Knight said of Horizon’s early days. “When we looked at the options for how fast to accelerate the rate at which fuel cell trucks were adopted in place of diesel trucks, we realized that the rest of the world wasn’t quite ready to jump on this in a big way. We needed to be more creative. So that’s why we chose to create a new truck brand, in fact leveraging chassis and motors and storage tanks and all sorts of things from other parties, but injecting the core fuel cell technology.”

Horizon’s mission is to replace hydrocarbon fuels with an end-to-end zero carbon energy solution, seeking out the highest possible global impact in the nearest possible time frame. Since 2015, Horizon has invested deeply in the development of fuel cells for hydrogen-electric mobility, as there was a growing consensus that hydrogen would be a very important part of future decarbonization efforts around the world.

In early 2020, Hyzon unveiled its U.S. headquarters and production facility at the former General Motors Corp. fuel cell facility in Honeoye Falls. Knight said that location employs 20 to 30 people. The company has some 100 staffers worldwide, but that is expected to rise to 300 or more by the end of 2022.

In addition to the Finger Lakes Region production facility, Hyzon has a technology center in Chicago, as well as a small powertrain group in Detroit.

“The fuel cell systems and vehicle subsystems are built in Rochester, like the hydrogen system, for example. These subsystems are then subsequently sent to assembly plants,” Knight said. “The assembly plants could be in Europe, so we actually integrate the fuel cells and the powertrains and the hydrogen systems into native European truck platforms.”

In 2022, Hyzon plans to begin shipping the subsystems to Fontaine Modification, a truck assembly specialist under the Berkshire Hathaway umbrella.

“They take chassis and build out the truck so that it has all the features and components that a fleet operator needs, because there are many different things you need in trucks depending on what the use spec is,” Knight explained. “You could specify your own suspension system, transmission system, different engine systems, all sorts of stuff. Trucks are very different to passenger cars, which are all essentially like a cookie-cutter production. Trucks are a lot more customized.”

Knight said by the end of 2021, Hyzon expects to have over-the-road trucks making deliveries in California. The company will fill out the Freightliner platform vehicles with its hydrogen system, fuel cell and the electric drive to get the power to the wheels.

Knight noted that the hydrogen system works well with vehicles that require frequent stops and starts.

“We work with hydrogen project developers and technology providers to set up hydrogen assets close to where the demand centers for their fleet operations are. And that enables strong economics,” he said. “Before the end of 2022 we should have at least one location operating in California, supplying us with hydrogen that enables us to have truck fleets operating for our customers at or below their diesel (costs).”

Last week, Hyzon reiterated its February 2021 sales guidance and said the company was on track to meet its 2022 outlook with orders and non-binding commitments from its global customer base. Orders and non-binding memorandums of understanding have increased to represent up to $83 million, up more than 50 percent from $55 million as of April 29, 2021, and more than 100 percent from Feb. 12, 2021. Expected 2022 deliveries include up to 70 trucks from Austrian grocery retailer MPREIS currently under an MoU.

“Hydrogen is now. So much talk about hydrogen is about 10 years from now, and one of the things we like to do is prove that it’s now, even in the U.S. which is a later adopter compared to Europe,” Knight added. “All we’re doing by bringing Hyzon to the U.S. market is helping to catch up to the rest of the world, which is already adopting this technology.”

Shares of company stock opened on Monday at $9.70. An hour into trading, shares had dipped slightly to $9.64.

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Hyzon taps Ford veteran for fuel cell work

Rochester’s Hyzon Motors Inc. has hired a Ford Motor Co. expert as its chief engineer – fuel cell.

Shinichi Hirano is a 30-year veteran of automotive fuel cell technology, including 17 years at Ford, where he served as the principal research engineer and technology expert for fuel cells. While at Ford, Hirano also led the Ford-Daimler fuel cell alliance, as well as USCAR Fuel Cell teams in partnership with the U.S. Department of Energy.

Hirano began his career at Mazda Motor Corp., where he spent more than eight years leading various hydrogen and fuel cell-related research projects, including the development of the Mazda Demio fuel cell vehicle.

He holds 25 U.S. patents in the automotive hydrogen fuel cell and battery areas and has published 15 papers for peer-reviewed journals.

“Shinichi is extremely talents and very well-regarded by colleagues in the global automotive fuel cell and hydrogen arenas, having been the resident expert at two of the world’s largest vehicle brands,” said Hyzon CEO and Co-founder Craig Knight in a statement. “We’re excited to apply his expertise to further fortify Hyzon’s leadership position in hydrogen fuel cell technology and pursue our mission to provide commercial vehicles with zero emissions and zero compromises.”

In addition to its Rochester headquarters, Hyzon has operations in Europe, Singapore, Australia and China, and is a leader in hydrogen mobility. The company this year said it had entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corp., a publicly traded special purpose acquisition company (SPAC) that will result in Hyzon becoming a publicly-listed company. Completion of the transaction is expected to close during the second quarter this year.

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HYZON to expand Honeoye Falls facility, add 100 jobs

Hydrogen mobility and clean energy company Hyzon Motors Inc. — which last week announced plans to go public through a merger with blank-check firm Decarbonization Plus Acquisition Corp. in a deal that values the fuel-cell truck startup at $2.7 billion — on Thursday said it plans to expand its U.S. headquarters in Honeoye Falls.

The expansion is expected to add 100 jobs in the next three years.

“Not only does HYZON Motors’ expansion mean 100 new high-tech manufacturing jobs in Monroe County, but we are also investing in the future green economy,” Lt. Gov. Kathy Hochul said in a statement. “Through the support of Empire State Development, HYZON Motors will manufacture the next generation of hydrogen fuel cells for heavy and medium-duty commercial vehicles. New York is proud to partner with companies like HYZON Motors that are building on our efforts to keep our state ahead of the curve, strengthen our economy and create a cleaner and greener post-pandemic future.”

The next-generation fuel cell supplier will renovate 78,000 square-feet of existing building space on Quaker Meeting House Road where the company will manufacture fuel cells for heavy- and medium-duty commercial vehicles. HYZON Motors first established its U.S. operations in 2020 in Honeoye Falls.

The company has developed hydrogen fuel cell stacks that can provide up 150kW of power, and expects to launch fuel cell systems capable of 300kW in 2022. HYZON touts the fuel cell ability as a rival to traditional diesel-powered trucks on both performance and driving range.

Craig Knight
Craig Knight

“HYZON Motors is excited to announce our plans to build out a substantial manufacturing facility in the Rochester area, aided by great support from Empire State Development, Monroe County and Greater Rochester Enterprise. HYZON will be manufacturing industry-leading fuel cell systems that have been proven in heavy trucks deployed internationally and commissioning zero-emission trucks with zero compromise for fleet operators,” said HYZON CEO Craig Knight.

Empire State Development is assisting the company with its fast-track growth by providing up to $1.6 million through the Excelsior Tax Credit program. Monroe County and Greater Rochester Enterprise Inc. also are assisting with the project, officials said.

The total project cost has been estimated at nearly $8 million. Now underway, construction on the renovated facility is expected to be completed in April.

“HYZON Motors joins a growing list of companies tapping into the depth and breadth of skilled talent in the Greater Rochester, N.Y., region to support a broad spectrum of energy innovations from fuel cell development to energy storage. In Rochester, HYZON Motors can access fuel cell development and manufacturing expertise to support the production of hydrogen fuel cells for commercial vehicles,” said GRE President and CEO Matt Hurlbutt.

Thursday’s announcement complements the state’s actions to advance the development of large renewable energy projects. The state’s climate agenda is the most aggressive climate and clean energy initiative in the nation, calling for an orderly and just transition to clean energy that creates jobs and continues fostering a green economy as New York state recovers from the pandemic. Through the Climate Leadership and Community Protection Act, New York is working to achieve its mandated goal of a zero-emissions electricity sector by 2040, including 70 percent renewable energy generation by 2030, and to reach economy-wide carbon neutrality.

“The Village of Honeoye Falls is excited to be the new World Headquarters and Global Engineering Center of HYZON Motors. Purchasing and renovating a 78,000-square-foot building on Quaker Meeting House Road, HYZON Motors will utilize regional supply chains and localized manufacturing while taking advantage of the strength of knowledgeable, local experienced personnel,” said Village of Honeoye Falls Mayor Rick Milne. “Creating up to 100 new skilled job positions in our community is not only a great benefit to our village but to the Rochester/Monroe County region as well. This development also strengthens the clean-green energy initiatives of our region and the state of New York. Fuel cell development and manufacturing belongs in Honeoye Falls and we are thankful that HYZON Motors chose our community to locate its headquarters.”

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Hyzon to go public following business combination

Hydrogen mobility and clean energy company Hyzon Motors Inc. has entered into a special purpose acquisition company (SPAC) agreement with Decarbonization Plus Acquisition Corp. that would combine the two entities, resulting in Hyzon becoming a publicly listed company.

Hyzon has its U.S. headquarters and production facility at the former General Motors Corp. fuel-cell facility in Honeoye Falls, and has facilities in Europe, Singapore, Australia and China. The company bills itself as a differentiated, pure-play, independent mobility company with an exclusive focus on hydrogen in the commercial vehicle market.

Craig Knight
Craig Knight

“We are excited to partner with DCRB at an important inflection point for our company, hydrogen and society,” said Hyzon Co-founder and CEO Craig Knight in a statement this week. “Deliveries of Hyzon fuel cell-powered heavy trucks to customers in Europe and North America will occur this year, well ahead of our competitors, and our committed sales pipeline is proof that the world is truly recognizing the need to develop innovative solutions to mitigate climate change and accelerate efforts to move the world economy down the path to net-zero emissions.”

The transaction is expected to result in gross proceeds of up to $626 million for Hyzon, including $400 million in a private placement of common stock in DCRB. The value of the combined company is $2.7 billion at the $10 per share private investment in public equity price.

George Gu
George Gu

“This business combination will enable us to expand deployments of our zero-emission hydrogen fuel cell-powered heavy vehicles globally, and to continue leading the hydrogen transition,” said Hyzon Chairman and Co-founder George Gu. “We are incredibly excited about the dynamic mobility category as municipalities and Fortune 100 companies are rapidly embracing hydrogen as the essential pathway to a net-zero economy. The number of countries cementing and then enhancing their national hydrogen strategies expands almost weekly, and we are extremely encouraged by both investor and public interest in the hydrogen economy.”

Hyzon’s leadership will remain intact, with Knight continuing as CEO of the combined company, overseeing its strategic growth initiatives and expansion. He will work alongside Hyzon’s current executive team, officials said. The board of directors of the combined company will include representation from Hyzon and DCRB.

“After evaluating dozens of very promising low-carbon platforms, we are excited to announce our combination with Hyzon. Hyzon is a truly differentiated company that is accelerating and leading the hydrogen transition with captive, proven fuel cell technology and superior performance,” said DCRB CEO Erik Anderson. “We look forward to working with Craig and the entire team to help advance the company’s compelling mission for the environment, automotive industry and investors alike.”

The transaction is expected to close sometime in the second quarter.

Last month, Hyzon announced an agreement with AIDRIVERS Ltd, a leading autonomous mobility company, to develop an integrated vehicle platform to produce autonomous zero-emission trucks, buses and coaches for off-road industrial mobility operations.

Hyzon and AIDRIVERS will collaborate on the design, manufacture and delivery of autonomous-drive hydrogen-powered trucks, buses and coaches with an initial focus on ports in the Asia-Pacific region as end-users. The first trial of a fully autonomous hydrogen fuel-cell-powered truck is expected in 2021, with the first fleet of operational trucks to be deployed in 2022.

“We have seen, over the past few years, many industrial operators around the world get serious about decarbonizing their operations. To this end, Hyzon and its parent company Horizon Fuel Cell Technologies have been supplying hydrogen-powered vehicles and fuel-cell solutions to seaports and other industrial operators for many years,” Knight said in a statement at the time. “However, today’s partnership with AIDRIVERS, which is a leader in the autonomous mobility automation sector, combines two of the most innovative aspects of mobility – zero-emission fuel and autonomous driving – to create a safer, smarter and cleaner solution for ports, logistics, airports and other industrial operators around the world. This is the ultimate future of mobility; zero emissions with zero drivers.”

Separately, Hyzon on Thursday said it had entered into a strategic alliance with Viva Energy to provide zero-emission vehicles coupled with hydrogen refueling solutions to customers to deliver a complete, turnkey hydrogen transport solution.

Viva Energy has committed to making a $4 million strategic investment in Hyzon as part of the capital raising and listing on the Nasdaq stock exchange.

“By working closely with Hyzon, which is experienced at developing vehicles for markets worldwide, we can develop an entire hydrogen transport solution — which can move us past the traditional roadblocks to establishing a hydrogen refueling network — by getting hydrogen fuel cell vehicles on the road to provide the demand,” said Viva Energy CEO Scott Wyatt. “The Hyzon alliance fits closely with our intention to explore and develop future energy solutions at our Energy Hub, where we are looking at the possibility of generating solar-powered green hydrogen.”

Hyzon was established as a new business of Horizon Fuel Cell. Hyzon was known as the Heavy Vehicle Business Unit of Horizon and was responsible for the development of fuel cell systems and the delivery of roughly 500 fuel cell-powered commercial vehicles during 2019 and 2020.

The company deploys vehicles with fuel cell modules up to 150 kilowatts, and the company said production will soon begin on the ground-breaking 500 horsepower modules in the USA at its Honeoye Falls fuel cell production facility.

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