Hyzon Motors Enters Purchase Agreement for 12 Hydrogen-Powered Refuse Trucks
Key Ideas
- Hyzon Motors has entered a purchase agreement with GreenWaste for 12 hydrogen-powered refuse Fuel Cell Electric Vehicles, making GreenWaste the first company in North America to operate such trucks.
- The agreement follows a successful trial period of the vehicles in the Bay Area, testing key performance metrics like payload capacity and range.
- Hyzon's CEO, Parker Meeks, highlighted the growing demand for hydrogen-powered refuse collection and emphasized the compelling value proposition of their technology for zero-emission operations.
- The production of Hyzon's single-stack 200kW Fuel Cell System will enable standardized manufacturing of fuel cell systems for commercial sale, with deliveries to GreenWaste expected to start by the fourth quarter of 2025.
Hyzon Motors, a hydrogen fuel cell system manufacturer, has announced a significant milestone by securing a purchase agreement for 12 hydrogen-powered refuse Fuel Cell Electric Vehicles (FCEVs) with recycling company GreenWaste. This agreement positions GreenWaste as a pioneer in North America for operating hydrogen-powered refuse trucks. The decision by GreenWaste follows a successful trial period conducted by Hyzon in the Bay Area, which assessed vital performance factors such as payload capacity and operational range. Hyzon's CEO, Parker Meeks, expressed confidence in the increasing demand for hydrogen-powered refuse collection, attributing it to the high performance of their hydrogen fuel cells. The company's technology aims to provide a zero-emission solution to meet the rigorous demands of refuse trucks on a daily basis. Moreover, Hyzon has introduced its single-stack 200kW Fuel Cell System for production, enabling the standardized manufacturing of fuel cell systems at scale for commercial purposes. These FCEVs will be manufactured in collaboration with New Way Trucks, a specialist in refuse truck bodies, with deliveries to GreenWaste expected to commence by the fourth quarter of 2025. The positive response to this purchase agreement is reflected in the 24.4% increase in Hyzon Motors shares, trading at $2.40 at the time of reporting.
Topics
Fuel Cells
Environmental Impact
Electric Vehicles
Manufacturing
Sustainable Energy
Commercial Partnerships
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