Australian Team Brings Zero-Emissions
Alternatives to Region's Long-Haul Operators
U.S. Developed Fuel Cell Technology Offers
Smaller, Lighter, More Fuel-Efficient Option for Global
Applications
BOLINGBROOK, Ill., March 12, 2024 /PRNewswire/ -- Hyzon (NASDAQ:
HYZN), a U.S. based leading hydrogen fuel cell technology developer
and global supplier of zero-emission heavy-duty fuel cell electric
vehicles (FCEVs), today launched its single stack 200kW fuel cell
system and powertrain in a vehicle at a ceremony attended by
government officials, heavy-duty fleet operators and company
employees and executives.
The vehicle – Hyzon's 200kW Prime Mover, the Australian term for
a heavy-duty commercial truck designed to tow a semi-trailer – was
officially unveiled at the Kangan Institute's Automotive Centre of
Excellence (ACE) in Melbourne, one
of the largest educational providers of automotive training and
accreditation in Australia.
Sporting the company's bright refreshed branding, the 200kW
Prime Mover reflects Hyzon's commitment to technological
advancements and is designed to meet the operational demands of
heavy-duty road transport. Hyzon integrated its innovative fuel
cell technology and 200kW FCEV powertrain first into a cabover
vehicle, a familiar design for fleets in Australia, New
Zealand, and Europe. The
company expects to deploy 200kW cabovers in Europe and 200kW conventional vehicles in the
U.S. later this year.
"This is Hyzon at its best," said Hyzon Chief Executive Officer
(CEO) Parker Meeks. "The Hyzon 200kW
Prime Mover provides our customers with a powerful, zero-emission
option for their fleets, showcasing our expertise in crafting
state-of-the-art FCEVs."
According to Meeks, the single stack 200kW fuel cell system also
may allow Hyzon to bring the same technology to industrial
ecosystems beyond trucking, including mining, rail, marine,
stationary power generation, and airport ecosystems.
"Hyzon is harnessing the power of hydrogen to deliver
zero-emission energy where it is needed most," he added.
The single stack 200kW fuel cell system for the Prime Mover was
manufactured at Hyzon's U.S. production facility in Bolingbrook, Illinois. This system, expected
to reach start of production in the second half of 2024, generates
200kW of power output from a single fuel cell stack. Reaching 200kW
fuel cell power typically requires two smaller units, but Hyzon has
engineered a single stack 200kW fuel cell system that is 30% lower
in weight and volume and estimated to be 25% lower in total fuel
cell system cost compared to two of its 110kW fuel cell systems
combined. By integrating high-power, compact fuel cell systems into
familiar vehicle builds, Hyzon plans to offer a zero-emission
option to fleets that can match the operational expectations of a
diesel truck.
Hyzon Managing Director for Australia, John
Edgley, said the Prime Mover was designed and assembled
locally, which is a testament to the skills and capabilities of the
company's local workforce.
"We are assembling zero-emission heavy vehicles right here in
Melbourne, Australia, using local
skills and employing local people," said Edgley. "Hyzon established
Australia's first purpose-built
assembly plant in Melbourne's
Southeast in 2021 to capitalize on the wealth of homegrown industry
skills left behind when several global automotive businesses shut
down their regional operations. We have grown our team to more than
50 local employees, including engineers, fabricators, welders, and
designers to put this new 200kW vehicle on the road."
According to Edgley, the 200kW Prime Mover is expected to
revolutionize Australia's
heavy-duty transport market and is an important step in solving a
uniquely "Australian" problem: conquering heavier payloads and
longer distance requirements – without emissions.
"We look forward to working with transport operators across
Australia and New Zealand as we move forward with the
decarbonization of our transport sector," he added.
Speaking at the event, Hyzon Chief Technical Officer (CTO) Dr.
Christian Mohrdieck addressed the
unique design elements of the Hyzon fuel cell and fuel cell
system.
"Hyzon designs and manufactures fuel cell technology from the
ground up. We apply our advanced engineering capabilities
throughout the system – from the Membrane Electrode Assembly (MEA),
the heart of the fuel cell system, to the balance of plant to the
software," said Mohrdieck. "This allows us to build a fuel cell
system that fits the performance and durability needs of heavy-duty
applications such as a commercial trucking."
"The fuel cell system and powertrain integration and assembly
work on our Prime Mover here in Australia demonstrates the skill of our local
team, and the accelerated product development cycle highlights the
advantage of Hyzon's strong global and functional collaboration,"
he added.
As the host of Hyzon's 200kW Prime Mover event, Kangan Institute
Chief Executive Officer (CEO) Sally
Curtain affirmed Kangan's collaboration partnership with
Hyzon.
"Kangan Institute, through our Automotive Centre of
Excellence is thrilled to continue our partnership with Hyzon,
dedicated to advancing Australia's
clean energy sector. Together, we are developing specialized skills
and knowledge for hydrogen fuel cell training programs," said
Curtain. "This collaboration accelerates the commercial deployment
of heavy-duty FCEVs in Australia,
driving sustainable innovation in transportation."
Hyzon's 200kW Prime Movers are expected to operate on Australian
and New Zealand roads later in 2024.
About Hyzon
Hyzon is a global supplier of high-performance hydrogen fuel
cell technology focused on providing zero-emission power to
decarbonize demanding industries. With agile, high-power technology
designed for heavy-duty applications, Hyzon is at the center of a
new industrial revolution fueled by hydrogen, an abundant and clean
energy source. Hyzon focuses on deploying its fuel cell technology
in heavy-duty commercial vehicles across North America, Europe, and Australia/New
Zealand today and in tomorrow's power generation and energy
storage, mining, construction, rail, marine, and airport
ecosystems. To learn more about how Hyzon partners across the
hydrogen value chain to accelerate the clean energy transition,
visit www.hyzonfuelcell.com.
About Kangan Institute
Kangan Institute's Automotive Centre of Excellence (ACE) is
Australia's largest provider of
automotive training. Based at the award-winning Docklands Campus,
ACE offers a range of training products to meet industry and
critical skills demand. With more than 30,000 enrolments each
year, Kangan Institute is a major training provider for automotive
education. With one of the strongest apprenticeship and certificate
programs in Victoria, Kangan
Institute offers a diverse range of automotive courses. Visit
www.kangan.edu.au.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of present or
historical fact included in this press release, are forward-looking
statements. When used in this press release, the words "could,"
"should," "will," "may," "believe," "anticipate," "intend,"
"estimate," "expect," "project," the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. This press release contains forward-looking
statements relating, but not limited, to statements concerning our
ability to raise capital, our ability to meet production and other
milestones in 2024, and the anticipated capacity of our facilities.
These forward-looking statements, including statements about the
start of production of the single stack 200kW fuel cell system,
adoption of hydrogen fuel cells in heavy duty commercial transport
and the operation of Hyzon Prime Movers on roads in Australia and New
Zealand in 2024 and Hyzon's ability to deploy 200kW cabovers
in Europe and 200kW conventional
vehicles in the U.S. in 2024, are based on management's current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law,
Hyzon disclaims any duty to update any forward-looking statements,
all of which are expressly qualified by the statements in this
section, to reflect events or circumstances after the date of this
press release. Hyzon cautions you that these forward-looking
statements are subject to numerous risks and uncertainties, most of
which are difficult to predict and many of which are beyond the
control of Hyzon, including risks and uncertainties described in
the "Risk Factors" section of Hyzon's Annual Report on Form 10-K
for the year ended December 31, 2022
filed with the U.S. Securities and Exchange Commission (the "SEC")
on May 31, 2023, its Form 10-Q for
the quarter ended September 30, 2023
filed on November 14, 2023, and other
documents filed by Hyzon from time to time with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements,
such as risks related to: our ability to establish facilities to
produce our fuel cells, assemble our vehicles or secure hydrogen
supply; our ability to convert non-binding memoranda of
understanding or vehicle trial agreements into binding orders or
sales (including because of the current or prospective financial
resources of the counterparties to Hyzon's non-binding memoranda of
understanding and letters of intent); our ability to continue as a
going concern and to raise requiring funding, our ability to
identify additional potential customers and convert them to paying
customers; and the impacts of legal proceedings, regulatory
disputes, and governmental inquiries. Hyzon gives no assurance that
Hyzon will achieve its expectations.
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