Hyzon Motors has inked an agreement with Woodside Petroleum

Hyzon Motors (NASDAQ: HYZN), a supplier of hydrogen-powered electric vehicles, has inked an agreement with Woodside Petroleum (WPL). The two collaborate on developing a supply of zero-carbon intensity hydrogen to build demand from medium- and heavy-duty commercial vehicle customers in both the US and Australia.

Hyzon Motors CEO Craig Knight said hydrogen hubs would be developed to serve existing and potential demand for the company’s long-range trucks, which he says makes sense in Australia, where haulage trucks can cover vast distances. He added that hydrogen has the advantage over lithium battery-based EVs. It generates energy onboard, which he says is more efficient and lends itself to heavy transport over long distances.

Author: KS

Source: Hyzon Motors Inc.

Topic: Business News | Hydrogen News

Market: Hydrogen Stocks

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