BOLINGBROOK, Ill., May 6, 2024
/PRNewswire/ -- Today, Parker Meeks,
Chief Executive Officer of Hyzon (NASDAQ: HYZN), a U.S.-based,
leading hydrogen fuel cell technology developer and global supplier
of zero-emission powertrains, issued the following statement in
support of final regulations the U.S. Department of the Treasury
recently released regarding federal tax credits for purchasing
clean vehicles, including the up to $40,000 federal tax credit for purchasing
qualified commercial clean vehicles.
"I applaud the Treasury Department's release of these final
regulations, which make clear that upfitters like Hyzon can be a
'qualified manufacturer' and FCEVs upfitted by Hyzon can be
eligible for the federal tax credit for qualified commercial clean
vehicles under Section 45W of the Internal Revenue Code," said
Meeks. "This is a win for Hyzon and the entire hydrogen economy,
which is prepared to power zero-emission transportation throughout
the United States. Hyzon looks
forward to continued engagement with policymakers to accelerate
decarbonization and the deployment of hydrogen fuel cell
technology."
Parker Meeks and other Hyzon
executives have consistently advocated with lawmakers and other key
stakeholders in Washington, D.C.
for policies and regulations that will level the economic playing
field for hydrogen-powered vehicles and accelerate our
zero-emission future.
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.
Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of Section 27A of the 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 "aims," "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. These forward-looking statements, including
statements relating to the possibility of adoption of FCEVs by the
refuse industry and Hyzon's beliefs and expectations regarding
technology and the performance and capabilities of fuel cells and
FCEVs, 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, 2023, filed with
the Securities and Exchange Commission (the "SEC") on March 22, 2024, 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. Hyzon gives no assurance that
Hyzon will achieve its expectations.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hyzon-applauds-final-treasury-regulations-impacting-tax-credits-for-qualified-commercial-clean-vehicles-302136389.html
SOURCE Hyzon