HYZON PARTNERS WITH NEW ZEALAND'S LEADING HEAVY-DUTY 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. The agreement involves upfitting up to 20 trucks with Hyzon's single stack 200kW fuel cell system. The first two trucks will be ready for commercial trial in March 2024, and TR Group has the option to purchase them as well as upfit another 18 trucks. This agreement replaces a previously announced agreement and supports the decarbonization of the transportation sector.

FutureCar Staff Oct 26, 2023 4:18 PM PT

HYZON PARTNERS WITH NEW ZEALAND'S LEADING HEAVY-DUTY 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. Under the agreement, TR Group will upfit up to 20 fuel cell electric vehicles (FCEVs) with Hyzon's single stack 200kW fuel cell system. The commercial trial will begin in March 2024, with the first two trucks being 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 supersedes a previously announced agreement from January 2021 and provides a revised commercial path for TR Group's first Hyzon FCEV truck deployments. Hyzon CEO Parker Meeks stated that this agreement is a significant step towards the full commercialization of Hyzon's 200kW fuel cell system. The system offers competitive advantages in terms of volume, manufacturing costs, weight, and fuel efficiency, which will contribute to the decarbonization of the transportation sector.

TR Group, a heavy commercial vehicle rental and lease partner in Australia and New Zealand, is committed to reducing its environmental impact. The company believes that Hyzon's 200kW heavy-duty FCEV trucks will allow them to develop solutions for local conditions and contribute to the decarbonization of the transport network.

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

This announcement follows the successful trial deployment of Hyzon's first Heavy Rigid fuel cell electric waste collection truck to REMONDIS Australia, a global recycling, service, and water company.

Hyzon Motors is a global supplier of high-power fuel cell technology for zero-emission heavy-duty fuel cell electric vehicles. The company aims to supply zero-emission heavy-duty trucks to customers worldwide and collaborates with partners across the hydrogen value chain to bring clean hydrogen to the market.

Disclaimer: This press release contains forward-looking statements. Hyzon cautions that these statements are subject to numerous risks and uncertainties, and actual events and results may differ materially from the forward-looking statements. Hyzon disclaims any duty to update these statements.

Source: PR Newswire