HYZON PARTNERS WITH MAJOR NEW ZEALAND TRUCK FLEET OWNER

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【Summary】Hyzon Motors has announced a revised commercial agreement with TR Group, New Zealand's largest heavy-duty truck fleet owner. Under the agreement, TR Group will upfit up to 20 of its trucks with Hyzon's 200kW fuel cell system, starting with a commercial trial. The first two trucks will be ready for trial in March 2024, and TR Group has the option to purchase those trucks and upfit another 18 trucks with the fuel cell systems.

FutureCar Staff Oct 26, 2023 11:26 PM PT

HYZON PARTNERS WITH MAJOR NEW ZEALAND TRUCK FLEET OWNER

Hyzon Motors Inc. (Hyzon) has announced a revised commercial agreement with TR Group, New Zealand's largest heavy-duty truck fleet owner. The agreement involves upfitting up to 20 fuel cell electric vehicles (FCEVs) with Hyzon's single stack 200kW fuel cell system. The first two trucks will be ready for commercial trial in March 2024 and will be deployed for up to three months. After the trial, TR Group has the option to purchase the trial trucks and upfit another 18 trucks with Hyzon's fuel cell systems.

This new agreement replaces a previously announced agreement from January 2021. Hyzon CEO Parker Meeks expressed excitement about deploying the first trucks with the 200kW fuel cell systems, highlighting the competitive advantages of Hyzon's system in terms of volume, manufacturing costs, weight, and fuel efficiency. TR Group's General Manager Brendan King emphasized the company's commitment to reducing its impact on the environment and developing solutions for local conditions.

The project has received support from the New Zealand Government, with funding awarded from the COVID Response and Recovery Fund and the Energy Efficiency and Conservation Authority (EECA). TR Group has an offtake agreement with Hiringa Energy for hydrogen supply, and Hiringa has received support from the New Zealand government to establish a hydrogen refueling network.

This announcement follows the successful commercial trial deployment of Hyzon's first Heavy Rigid fuel cell electric waste collection truck to REMONDIS Australia. Hyzon Motors is a global supplier of high-power fuel cell technology focused on integrating its solutions into zero-emission heavy-duty fuel cell electric vehicles.

Disclaimer: This press release contains forward-looking statements and is subject to various risks and uncertainties. Hyzon disclaims any duty to update these statements and cautions readers about the risks involved. For more information, visit Hyzon's website.