Hyzon Motors Inc., a supplier of zero-emissions hydrogen-powered fuel cell electric commercial vehicles, announced a joint demonstration project with Zhangjiagang Haili Terminal Co., Ltd., a subsidiary of Fortune 500 company Sha Steel Group, the 4th largest steel company and the largest private steel enterprise in the world.
Under the demonstration agreement, Hyzon Motors (NASDAQ: HYZN) expects to supply 49-ton hydrogen fuel cell heavy-duty trucks for a 60-day trial at Sha Steel Group’s operating base in Port of Zhangjiagang. The hydrogen-powered vehicles will provide transportation services from Sha Steel’s plant to the port. During the trial, local supplier of hydrogen equipment and storage systems Guofu HEE will provide hydrogen through its hydrogen refueling station in Zhangjiagang.
Pending successful completion of the initial trial, the three parties expect to expand their business collaboration to accelerate the implementation of fuel cell electric vehicles, hydrogen refueling stations, and hydrogen production across the steel transportation industry. Through the collaboration, the companies plan to localize the production of fuel cell electric vehicle core components, reducing manufacturing and distribution costs.
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“Hyzon’s singular focus is decarbonizing heavy mobility,” said Hyzon CEO Craig Knight. “This requires alignment along with all positions of the hydrogen value chain – from production to distribution to offtake. Implementing Hyzon fuel cell electric trucks at Sha Steel, the world’s fourth-largest steel company allows us unparalleled opportunity to build our expertise in developing solutions for this industry.”
Hydrogen was officially included as a zero-emissions solution for long-term energy storage and load balancing in China’s 2035 emission reduction goals. Through this cooperation, the companies expect to gain access and insight into the country’s decarbonization and transportation challenges and develop actionable, near-term options to eliminate emissions.