- Hyzon's Repower program to convert used diesel trucks and
existing fleets to zero-emission, fuel cell electric vehicles.
- First commercial launch of Hyzon's proprietary 200 kW fuel cell
through Repower program in North
America expected in late 2022.
ROCHESTER, N.Y., May 10, 2022 /PRNewswire/ -- Hyzon Motors
(NASDAQ: HYZN), a global supplier of zero-emissions hydrogen and
fuel cell powered commercial vehicles, is finding new ways to bring
zero-emission vehicles to roads sooner.
Responding to customer demand for zero-emissions vehicles amidst
a global supply chain crisis, Hyzon plans to allow customers
to exchange their used diesel truck chassis for conversion to fuel
cell electric operation. After removing diesel components, these
used trucks will be upfitted with the company's proprietary fuel
cell system, electric drivetrain, and hydrogen storage system
through collaboration with Fontaine Modification.
"The Repower program is a natural solution for our current
situation: customers are seeking to urgently reduce emissions, but
current supply chain constraints make it very challenging to meet
demand. Thanks to the in-house production of our proprietary fuel
cells, Hyzon's Repower program can deliver zero-emissions vehicles
to customers sooner, with lower cost, and less waste," said Hyzon
CEO Craig Knight.
Hyzon projects that the Repower program will be a more efficient
method by which fleets decouple from diesel, putting clean trucks
on the road sooner. Current lead time for new vehicle chassis
ordered today is up to 16 months. Hyzon expects to Repower vehicles
much more quickly, since the company will have direct access to the
existing chassis. Repowering an existing vehicle is also expected
to reduce customer costs, leading to Total Cost of Ownership (TCO)
at or below diesel parity in California, as a result of available
subsidies. Additionally, the Repower program avoids waste and
manufacturing carbon emissions generated by asset renewal.
A Hyzon 110 kW fuel cell Repower truck will be on display at the
Advanced Clean Transportation (ACT) Expo at the Long Beach Convention Center in Long Beach, California between May 9 and May 12, 2022.
Hyzon's 200 kW hydrogen fuel cell Repower truck, based on the
most powerful fuel cell stack Hyzon has developed, will begin
testing by end of 2022; these heavy duty fuel cell systems will be
produced in the company's Bolingbrook facility in Illinois.
About Hyzon Motors Inc.
Headquartered in Rochester,
N.Y., with U.S. operations in the Chicago and Detroit areas, and international operations in
the Netherlands, Singapore, Australia, Germany, and China, Hyzon is a leader in fuel cell electric
mobility with an exclusive focus on the commercial vehicle market,
and a near-term focus on back to base (captive fleet) operations.
Utilizing its proven and proprietary hydrogen fuel cell technology,
Hyzon aims to supply zero-emission heavy duty trucks and buses to
customers in North America,
Europe and around the world to
mitigate emissions from diesel transportation, one of the single
largest sources of carbon emissions globally. Hyzon is contributing
to the escalating adoption of fuel cell electric vehicles through
its demonstrated technology advantage, leading fuel cell
performance and history of rapid innovation. Visit
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 "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 which
include, but are not limited to, expected demand for and sales of
Hyzon vehicles and the pace of adoption of hydrogen fuel cell
electric vehicles, and 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, 2021
filed with the U.S. Securities and Exchange Commission (the "SEC")
on March 30, 2022, our Amended
Registration Statement on Form S-1 filed with the SEC on April
6, 2021, 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