Hyzon Motors
 | |
| Company type | Public |
|---|---|
| Nasdaq: HYZN | |
| Industry | Automotive |
| Founded | March 2020 as spin off from Horizon Fuel Cell Technologies, founded in 2003[1] |
| Headquarters | Rochester, New York , United States |
Key people | |
| Products | Hydrogen vehicle, heavy duty truck, Medium duty truck, bus, fuel cell systems |
| Website | hyzonmotors |
Hyzon Motors Inc. was an American automotive company based in Rochester, New York. Hyzon developed and manufactured hydrogen fuel cell systems and supplied zero-emission heavy-duty fuel cell electric vehicles. It had offices in the United States, the Netherlands, Australia, and China.[2] Hyzon began being publicly traded through a SPAC merger in 2021, which was expected to raise about $626 million for the company.[3] Hyzon delivered 87 fuel cell heavy trucks in 2021.[4] Hyzon issued a notice in December 2024 that it is unable to continue its operations, and began dissolving the company.[5]
Operations
[edit]Hyzon Motors was founded in 2020 as a spin-off of Singapore-based Horizon Fuel Cell Technologies, which was founded in 2003 with a focus on developing fuel-cell-powered trucks and buses.[6]
In 2021, Hyzon Motors went public with a SPAC merger with Decarbonization Plus Acquisition Corporation.[7]
In June 2022, Hyzon received its zero-emission certification from the California Air Resources Board for its Class 8, 7, and 6 Repowers. That same month Hyzon announced a collaboration with oil field services company Schlumberger Limited, aiming to reduce emissions in upstream oil and gas operations through the use of high-power fuel cells.[8]
Parker Meeks was appointed President and interim CEO in August 2022, and CEO in March 2023.[9]
In November 2023, Hyzon completed its first commercial journey to Texas with its liquid hydrogen truck.[10] In June 2023, Hyzon partnered with Performance Food Group to deliver 5 fuel-cell electric vehicles fitted with Hyzon Class 8 110kW fuel cell systems. Additional vehicles will be fitted with Hyzon’s next-generation single 200kW fuel cell system.[11]
Hyzon Montors launched in 2024 a hydrogen-powered garbage truck.[12]
Hyzon issued a notice in December 2024 that it is unable to continue its operations, and began dissolving the company.[5]
See also
[edit]References
[edit]- ^ "Hyzon Motors' hydrogen fuel ambitions include two US factories". www.techcrunch.com. 2 March 2021.
- ^ "www.hyzonmotors.com about". Archived from the original on 2021-08-12. Retrieved 2021-08-04.
- ^ "Fuel-cell truck maker Hyzon to go public via $2.7 billion SPAC deal", Reuters, February 9, 2021
- ^ "Hyzon Motors, a new player in the hydrogen bus field. A MOU for 1,000 vehicles announced". Sustainable Bus. 2020-04-05. Retrieved 2022-10-27.
- ^ a b "Hyzon to wind down operations", Truck News, December 23, 2024
- ^ "Hyzon Ousts CEO in Wake of Delisting Fears". Truckinginfo. Retrieved 11 July 2023.
- ^ "Fuel-Cell Truck Startup Hyzon Agrees to Merge With Decarbonization Plus SPAC". Bloomberg. 5 February 2021. Retrieved 11 July 2023.
- ^ "Hyzon Motors enters high power fuel cells partnership with Schlumberger". Hydrogen Fuel News. 28 June 2022. Retrieved 13 July 2023.
- ^ "Hyzon replaces Knight, CEO and cofounder". Rochester Beacon. 19 August 2022. Retrieved 13 July 2023.
- ^ "Hyzon Nails Milestone in Texas with Its Liquid Hydrogen Truck - H2 News". 10 November 2023.
- ^ "Hyzon Motors to supply PFG with hydrogen fuel cell trucks". The Buzz Ev News. 13 June 2023. Retrieved 25 July 2023.
- ^ "Hydrogen Garbage Trucks - the Key to Decarbonizing a Hard-to-abate Industry in North America- H2 News". 12 February 2024.