Four Hydrogen Trucks to Hit the Road in
Southern California as Part of
Performance Food Group's Decarbonization Efforts
FONTANA,
Calif., Jan. 25, 2024 /PRNewswire/ -- Hyzon
Motors Inc. (Hyzon) (NASDAQ: HYZN), a leading hydrogen fuel cell
technology developer and global supplier of zero-emission
heavy-duty fuel cell electric vehicles (FCEVs), today announced
that it delivered four FCEVs to leading food distributor and
supplier Performance Food Group (PFG) (NYSE: PFGC), in a
joint ceremony. The event, held at PFG's Vistar facility in
Fontana, was attended by local
government leaders, company leaders, and PFG associates, and
showcased the new FCEVs by offering ride along demonstrations.
"Putting these zero-emission trucks on the road marks an
important step toward decarbonization goals shared by PFG, Hyzon
and the state of California," said
Parker Meeks, Chief Executive
Officer of Hyzon. "Our fuel cell technology will help Vistar's
heavy-duty trucking operations operate emission free and with
reduced noise pollution. We are deeply grateful for our partnership
with PFG, as it helps to further our collective goals to reduce
carbon emissions from heavy-duty trucking.
Meeks added, "The deployment of these vehicles is a major
milestone for Hyzon's industry leading technology, and through this
partnership we expect to gain valuable insight through real-world
operations. Further, we expect that this intelligence will help us
to optimize our technology, while working simultaneously to develop
the next-generation 200kW fuel cell system."
Hyzon's hydrogen FCEVs have an expected travel range of up to
350 miles today and an expected refueling time of fifteen minutes
with fast fill dispensing. PFG plans to insert the vehicles into
its fleet and put them in service to deliver snacks, candy, and
beverages to its customers. The vehicles will be fueled with
hydrogen delivered by Pilot Travel Centers LLC, a leading fuel and
energy provider with the largest network of travel centers in
North America.
The delivery comes six months after Hyzon and PFG initially
announced their fuel cell electric vehicle agreement. Hyzon is one
of the first companies to deliver a heavy-duty fuel cell electric
truck, also referred to as tractors, in the U.S.
"Food distribution is an essential service and critical to the
companies and communities we serve. As we look towards the future,
it's important for us to work towards sustainability goals and
improve our transportation infrastructure," said Jeff Williamson, Senior Vice President,
Operations, PFG. "At PFG, we remain dedicated to reducing our
environmental footprint and serving the Southern California region responsibly. We're
excited to have partners like Hyzon as we continue to demonstrate
our commitment to being a good neighbor to every community we
serve."
Zero-emission, hydrogen fuel cell vehicles offer similar
benefits and convenience as diesel fuel trucks without the harmful
emissions that worsen air quality and have negative environmental
impacts. Additionally, FCEVs have numerous advantages over battery
electric vehicles (BEVs) in terms of payload, range, and refueling
time. FCEVs are expected to be around 6,000-8,000 pounds lighter
than BEVs, have a longer range, and can be refueled in as little as
15-20 minutes compared to up to three hours for BEV. These factors
make FCEVs a natural choice for distribution and heavy-duty freight
companies.
Vistar's southern California
office is located in Fontana, a
suburb of San Bernardino with more
than 200,000 residents and hundreds of businesses that depend on
the company's food and beverage distribution services. The company
has been at the forefront of transitioning away from diesel to
reduce the amount of harmful emissions being spread nationwide.
Last August, PFG and Hyzon announced the successful completion
of a landmark demo of Hyzon's Liquid Hydrogen FCEV through
Temple, TX, where the truck
demonstrated its ability to deliver commercial loads on a 16-hour
continuous route covering more than 540 miles and including
temperatures above 100-degrees Fahrenheit.
With the delivery of these vehicles and subject to a successful
trial with Hyzon's next generation 200kW FCEV as previously
announced, Hyzon and PFG intend to work together on an agreement
for 15 200kW FCEVs and an option for an additional 30
FCEVs.
About Hyzon
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. Utilizing its proven and proprietary hydrogen fuel cell
technology, Hyzon aims to supply zero-emission heavy duty trucks to
customers in North America,
Europe, Australia, and New
Zealand to mitigate emissions from diesel transportation -
one of the single largest sources of global carbon emissions. Hyzon
collaborates with partners across the hydrogen value chain to bring
clean hydrogen to the market to support fuel cell vehicle
deployments. Hyzon is contributing to the adoption of commercial
fuel cell electric vehicles through its demonstrated technology
advantage, fuel cell performance and innovation. Visit
www.hyzonmotors.com.
About Performance Food Group Company
Performance Food
Group is an industry leader and one of the largest food and
foodservice distribution companies in North America with more than 150 locations in
North America. Founded and
headquartered in Richmond,
Virginia, PFG, and our family of companies, market and
deliver quality food and related products to 300,000+ locations
including independent and chain restaurants; businesses, schools
and healthcare facilities; vending and office coffee service
distributors; and big box retailers, theaters and convenience
stores. PFG's success as a Fortune 100 company is achieved through
our more than 35,000 dedicated associates committed to building
strong relationships with the valued customers, suppliers and
communities we serve. To learn more about PFG, visit pfgc.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 thispress release, the words "aim," "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 about the estimated performance and development of the
hydrogen FCEVs and PFG's plans for the delivered trucks 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" sections of Hyzon's
Form 10-K for the year ended December 31,
2022 filed with the SEC on May 31,
2023, its Form 10-Q for the quarter ended September 30, 2023 filed on November 14, 2023, and in 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 the
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), or the ability to identify additional
potential customers and convert them to paying customers. Hyzon
gives no assurance that Hyzon will achieve its expectations.
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SOURCE Hyzon Motors Inc.