US-based hydrogen trucking manufacturer Hyzon Motors has entered into a strategic alliance with Australian energy firm Viva Energy.
The two firms intend to work together to provide zero-emission vehicles coupled with hydrogen refuelling solutions to customers.
ASX-listed Viva Energy has committed to make a US$4 million strategic investment in Hyzon. This is part of Hyzon’s capital raising and listing on the Nasdaq stock exchange via its recent merger with Decarbonisation Plus Acquisition Corporation.
Viva Energy chief executive Scott Wyatt says the partnership will help develop “an entire hydrogen transport solution … which can move us past the traditional roadblocks to establishing a hydrogen refuelling network, by getting hydrogen fuel cell vehicles on the road to provide the demand”.
“In addition to our Gas Terminal project, this alliance helps us accelerate our Geelong Energy Hub vision through the development of hydrogen for transport and working with our existing partners and customers in providing this solution,” Wyatt says.
“The Hyzon alliance fits closely with our intention to explore and develop future energy solutions at our Energy Hub, where we are looking at the possibility of generating solar-powered green hydrogen.
“The establishment of a Hydrogen Transport Hub in Geelong, while only conceptual at this stage, could be an exciting demonstration of the types of projects we could pursue though the Energy Hub,” he says.
Hyzon chief executive Craig Knight says his company is “delivering some of the world’s most powerful yet cleanest heavy vehicles to serve the global appetite for zero-emission driving with Australia a priority market”.
“Hydrogen mobility for the Australian commercial vehicle sector holds enormous potential as fleets look to smoothly transition from fossil fuels to clean energy solutions that decarbonise their operations. Developing a hydrogen supply chain with strategic partners will be central to this transition.
“This is why we are delighted to be partnering with Viva Energy, one of Australia’s largest energy companies, to drive the hydrogen mobility sector forward, with a focus on establishing Victoria and Geelong in particular, as leading hydrogen transport hubs,” Knight says.
