ROCHESTER, N.Y., March 1, 2021 /PRNewswire/ -- Hyzon Motors
Inc. ("Hyzon" or the "Company"), a
leading supplier of zero-emission hydrogen fuel cell powered heavy
vehicles, today announced plans to build the largest fuel cell
membrane electrode assembly (MEA) production line for commercial
vehicles in the United States at
its new Hyzon Innovation Center located in Bolingbrook, Illinois, just outside of
Chicago.
As announced previously, Hyzon plans to go public through a
merger with Decarbonization Plus Acquisition Corporation
(NASDAQ: DCRB, DCRBW, DCRBU), a publicly-traded special
purpose acquisition company (SPAC). The combination is expected to
close in the second quarter of 2021.
The MEA is the critical component of a fuel cell and accounts
for about 70% of the cost of a fuel cell stack. MEAs are currently
produced in Canada, Europe, Japan, Korea and China at commercial scale. Smaller scale MEA
production in the United States
has so far been a supply and cost bottleneck for US fuel cell
vehicle production.
At full capacity, the Hyzon Innovation Center is expected to
produce enough MEAs to cover the production needs for up to 12,000
hydrogen fuel cell powered trucks every year. The facility is
expected to commence production of MEAs in the fourth quarter of
2021, and is planned to open with 28,000 square feet of
manufacturing space, before expanding in a second phase to 80,000
square feet. Hyzon expects to eventually fill up to 50 full-time
positions at this production facility.
George Gu, Chairman and
Co-Founder of Hyzon, said, "The new Hyzon
Innovation Center is essential to our strategy to expand the US
hydrogen supply chain, reduce fuel cell costs for
commercialization, and create local jobs. We chose the greater
Chicago area due to its top-tier
universities, national labs, equipment companies and manufacturers,
and a large pool of talent for recruiting a highly-skilled
workforce. We are looking forward to empowering this unique
ecosystem so that we can further accelerate the energy transition
and decarbonize heavy road transport."
Craig Knight, Chief Executive
Officer and Co-Founder of Hyzon, said, "We are
excited about our plans to open the first high-volume MEA
production line for hydrogen fuel cells in the US, which we
anticipate will enable us to rapidly scale up the production of our
fuel cells and deliver up to 12,000 Hyzon zero-emission heavy
vehicles each year. We see a substantial uptake in Europe already, and anticipate North America will soon follow suit on this
decarbonization journey for heavy transport."
The Hyzon Innovation Center will also conduct research and
development on materials for fuel cells, electrolyzers, solid-state
batteries, advanced e-drive systems, autonomous driving
technologies and green hydrogen production technologies.
In addition to the Hyzon Innovation Center outside Chicago, Hyzon has two facilities in
Rochester, New York – one serving
as a fuel cell testing facility and the other as its US
headquarters, fuel cell engine production facility, and vehicle
integration center. The Company currently produces commercial
vehicles at its facility in Groningen, The Netherlands, through a joint venture with
Holthausen Clean Technology B.V.
About Hyzon Motors Inc.
Headquartered in Rochester, NY and with operations in
Europe, Singapore, Australia and China, Hyzon is a leader in hydrogen mobility.
Hyzon is led by co-founders George
Gu, Craig Knight and
Gary Robb and is a pure-play
hydrogen mobility company with an exclusive focus on hydrogen in
the commercial vehicle market. Utilizing its proven and
proprietary hydrogen fuel cell technology, Hyzon aims to produce
zero emission heavy duty trucks and buses for customers across in
North America, Europe, and across the world. The company is
contributing to the escalating adoption of hydrogen vehicles
through its demonstrated technology advantage, leading fuel cell
performance and history of rapid innovation. Visit
www.hyzonmotors.com
Hyzon Motors Contacts
For US, Europe and Asia
Media:
Brian Brooks
H+K Strategies
713.858.8842
brian.brooks@hkstrategies.com
For Australian Media:
Fraser Beattie
Cannings Purple
fbeattie@canningspurple.com.au
For Investors:
Caldwell Bailey
ICR, Inc.
HyzonMotorsIR@icrinc.com
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SOURCE HYZON Motors