Viva Energy announced today it has entered into a strategic alliance with HYZON Motors (HYZON), a leading global supplier of hydrogen fuel cell powered commercial vehicles.
HYZON, established as a new business of Horizon Fuel Cell Technologies, leverages Horizon’s almost two decades of experience in hydrogen fuel cell development including the supply of around 500 hydrogen fuel cell systems powering zero-emission trucks and buses to customers globally.
HYZON’s next-generation Gen-3 automotive fuel cell technology has been confirmed as the highest power density fuel cell stack in the world by third party testing, making it ideally suited to power trucks and buses over long distances on Australian roads.
Viva Energy and HYZON intend to work together to provide zero-emission vehicles coupled with hydrogen refuelling solutions to customers, delivering a complete turn-key hydrogen transport solution.
Viva Energy has committed to make a small strategic investment of US$4 million in HYZON as part of capital raising and listing on the NASDAQ stock exchange, via its merger with Decarbonisation Plus Acquisition Corp. announced this week.
Viva Energy CEO Scott Wyatt said: “By working closely with HYZON which is experienced at developing vehicles for markets worldwide, we can 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,” he said.
“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,” Mr Wyatt said. “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.”
CEO of HYZON Motors Craig Knight said: “As a pioneer of heavy vehicle fuel cell technology, HYZON 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.”
Further enquiries:
About Viva Energy
Viva Energy (ASX: VEA) is one of Australia’s leading energy companies and supplies approximately a quarter of the country’s liquid fuel requirements. It is the exclusive supplier of high quality Shell fuels and lubricants in Australia through an extensive network of more than 1,290 service stations across the country.
Viva Energy owns and operates the strategically located Geelong Refinery in Victoria, and operates bulk fuels, aviation, bitumen, marine, chemicals and lubricants businesses supported by more than 20 terminals and 50 airports and airfields across the country.
www.vivaenergy.com.au
About Hyzon Motors
HYZON Motors Inc is a US-headquartered hydrogen vehicle company on a mission to help operators of heavy vehicles transition to cost effective, zero emission, sustainable operations. HYZON achieves this by offering attractive economics with no compromise on performance.
HYZON has also made significant commercial progress in Europe, Asia and Australia. The company anticipates its novel zero emission mobility model will expand in global markets over the next few years.
HYZON Global media relations contact:
Fraser Beattie
Senior Consultant
Cannings Purple
M +61 421 505 557
E: fbeattie@canningspurple.com.au