Demo Run Demonstrate Viability of Liquid
Hydrogen for Commercial Trucking Applications and Confirms
Diesel-Comparable Range Potential
ROCHESTER, N.Y., Aug. 30,
2023 /PRNewswire/ -- Hyzon Motors Inc.
(Hyzon) (NASDAQ: HYZN), a high-power hydrogen fuel cell
technology developer and global supplier of zero-emission
heavy-duty fuel cell electric vehicles, Performance Food Group,
Inc. (PFG) (NYSE: PFGC), one of the largest food and foodservice
distribution companies in North
America, and Chart Industries, Inc. (Chart) (NYSE: GTLS), a
leading global manufacturer of highly engineered equipment
servicing multiple applications in the clean energy and industrial
gas market, today announced successful completion of Hyzon's
first commercial run with a liquid hydrogen fuel cell electric
vehicle (LH2 FCEV).
Starting in Temple, TX, the
truck completed deliveries to eight PFG customers near Dallas, TX, travelling over 540 miles on a
16-hour continuous run including over 100-degree Fahrenheit
temperatures. The run – further than the distance from Sacramento to San
Diego – demonstrates the viability of on-board liquid
hydrogen to fuel long-distance, zero-emission transport.
"With increased range and no added weight in comparison to our
gaseous hydrogen trucks, we believe this liquid hydrogen demo run
has demonstrated potential viability for the future of liquid
hydrogen in commercial trucking," said Hyzon Chief Executive
Officer Parker Meeks. "The results
we captured in the strenuous demo through Central Texas's diverse terrain and summer
heat make us optimistic that, once commercialized, our liquid
hydrogen vehicle powered by our proprietary 200kW fuel cell system
should be able to provide long distance range between 650 and 800
miles, on par with many diesel truck range requirements."
Compared to gaseous hydrogen, the current industry standard,
liquid hydrogen allows Hyzon to increase the amount of fuel on
board significantly thanks to increased energy density, with no
changes to vehicle weight or payload. To maintain the energy-dense
liquid state, hydrogen requires cold temperatures of negative 400
degrees Fahrenheit. Hyzon partnered with Chart Industries to
develop a tank system capable of storing liquid hydrogen at
extremely cold temperatures and delivering it to the fuel cell
system at the necessary pressure.
"This is a meaningful accomplishment for the hydrogen ecosystem,
as long-haul and heavy duty transportation is a key end-use for
liquid hydrogen," stated Jill
Evanko, Chart's CEO and President. "Our investment in our
unique cryogenic liquid hydrogen onboard tank and our liquid
hydrogen test facility support progress in the hydrogen industry,
with the Hyzon and PFG road demonstration another key step in the
evolution of hydrogen commercialization."
Liquid hydrogen as a fuel source has been estimated to be up to
$5 per kilogram less expensive all-in
to dispense than high-pressure gaseous hydrogen1, which
would provide meaningful benefits to fleet owners.
Hyzon CEO Meeks added that "simply put, we see liquid hydrogen
as the economical approach to long range zero emission
trucking".
For vehicle testing and the demo run, liquid hydrogen
transportation, storage and dispensing was provided by Certarus, a
North American leader in on-road low carbon energy solutions, with
liquid hydrogen produced by Air Liquide.
1Elgowainy, A., & Reddi, K. (2022, June).
ECONOMIC AND ENVIRONMENTAL EVALUATION OF FUELING OPTIONS FOR
HYDROGEN FUEL CELL HEAVY-DUTY VEHICLES. Lemont: Argonne
National Laboratory.
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 fuel cell
electric vehicles through its demonstrated technology advantage,
fuel cell performance and history of rapid 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.
Founded and headquartered in Richmond,
Va., 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 200 company is achieved through
our more than 37,000 dedicated associates committed to building
strong relationships with the valued customers, suppliers and
communities we serve. To learn more about PFG, please visit
www.pfgc.com.
About Chart Industries, Inc.
Chart Industries, Inc. is
an independent global leader in the design, engineering, and
manufacturing of process technologies and equipment for gas and
liquid molecule handing for the Nexus of Clean™ - clean power,
clean water, clean food, and clean industrials, regardless of
molecule. The company's unique product and solution portfolio
across stationary and rotating equipment is used in every phase of
the liquid gas supply chain, including engineering, service and
repair and from installation to preventive maintenance and digital
monitoring. Chart is a leading provider of technology, equipment
and services related to liquefied natural gas, hydrogen, biogas and
CO2 capture amongst other applications. Chart is committed to
excellence in environmental, social and corporate governance (ESG)
issues both for its company as well as its customers. With 64
global manufacturing locations and over 50 service centers from
the United States to Asia, Australia, India, Europe
and South America, the company
maintains accountability and transparency to its team members,
suppliers, customers and communities. To learn more, visit
www.chartindustries.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 this press release, the words "aims",
"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 adoption of liquid
hydrogen powered fuel cell electric vehicles, the viability of
on-board liquid hydrogen to fuel long-distance, zero-emission
transport and comparisons to diesel truck range requirements, 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, Form 10-Q for the
quarter ended June 30, 2023 filed on
August 8, 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.
