• Natural Gas News

    Hydrogen-focused Hyzon Motors sees orders improve

Summary

The US-based company said business was improving thanks in large part to developments in Europe and Australia.

by: Daniel Graeber

Posted in:

Complimentary, Natural Gas & LNG News, Americas, Europe, Energy Transition, Hydrogen, Corporate, Financials, News By Country, EU, Austria, France, Netherlands

Hydrogen-focused Hyzon Motors sees orders improve

US-based hydrogen fuel-cell provider Hyzon Motors said July 13 that its orders are up more than 50% from end-of-April levels.

Hyzon reported that orders and non-binding memoranda of understanding (MOU) were around $85mn, more than 50% above levels ending April 29.

“The growing list of orders and non-binding MoUs comes from the rapidly developing European market as well as Australia, thanks to the company's international footprint,” it said.

Its update came one day after it signed a preliminary agreement with France's TotalEnergies to explore hydrogen supplies for the European transportation sector. An additional MoU covering the French market targets the production of 80 hydrogen-fuel powered trucks for the customers of TotalEnergies.

In a separate July 13 statement, Hyzon said it delivered its first-ever hydrogen-powered vehicle to Dutch dairy cooperative FrieslandCampina. Hyzon said that hydrogen-fueled trucks can carry as much as five tons more than a battery-powered truck because of the lower weight of the fuel system.

Hyzon in its latest statement added that it expected to deliver up to 70 vehicles for an Austrian grocery chain by 2022.

Addressing the expense associated with hydrogen, the company said it has been able to reduce costs by more than $50,000 per vehicle for manufacturing components and subsystems. As its operations grow in scale, Hyzon expects costs to come down even further.