Hyzon Motors

Last updated
Hyzon Motors
Company type Public
Nasdaq:  HYZN
Industry Automotive
FoundedMarch 2020;3 years ago (2020-03) as spin off from Horizon Fuel Cell Technologies, founded in 2003 [1]
Headquarters
Rochester, New York
,
United States
Key people
  • Parker Meeks (CEO)
  • Shinichi Hirano (CTO)
  • Jiajia Wu (CFO)
  • Bappa Banerjee (COO)
ProductsHydrogen vehicle, heavy duty truck, Medium duty truck, bus, fuel cell systems
Website hyzonmotors.com

Hyzon Motors Inc. is an American automotive company based in Rochester, New York. Hyzon develops and manufactures hydrogen fuel cell systems and supplies zero-emission heavy-duty fuel cell electric vehicles. It has offices in Chicago, Detroit, Groningen (the Netherlands), Melbourne (Australia), and Shanghai. With 87 fuel cell electric vehicles delivered in 2021, Hyzon leads OEMs in fuel cell heavy truck deployments. [2] [3] [4]

Contents

History

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. [5]

In 2021, Hyzon Motors went public with a SPAC merger with Decarbonization Plus Acquisition Corporation. [6]

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. [7]

Parker Meeks was appointed President and interim CEO in August 2022, and CEO in March 2023. [8]

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. [9]

See also

Related Research Articles

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A fuel cell is an electrochemical cell that converts the chemical energy of a fuel and an oxidizing agent into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requiring a continuous source of fuel and oxygen to sustain the chemical reaction, whereas in a battery the chemical energy usually comes from substances that are already present in the battery. Fuel cells can produce electricity continuously for as long as fuel and oxygen are supplied.

<span class="mw-page-title-main">Hydrogen vehicle</span> Vehicle that uses hydrogen fuel for motive power

A hydrogen vehicle is a vehicle that uses hydrogen fuel for motive power. Hydrogen vehicles include road vehicles, rail vehicles and hydrogen-fueled space rockets, as well as hydrogen-powered ships and aircraft. Motive power is generated by converting the chemical energy of hydrogen to mechanical energy, either by reacting hydrogen with oxygen in a fuel cell to power electric motors or, less commonly, by hydrogen internal combustion.

<span class="mw-page-title-main">Electric vehicle</span> Vehicle propelled by one or more electric motors

An electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion. It can be powered by a collector system, with electricity from extravehicular sources, or it can be powered autonomously by a battery. EVs include but are not limited to road and rail vehicles, and broadly can also include electric boat and underwater vessels, electric aircraft and electric spacecraft.

<span class="mw-page-title-main">Hydrogen economy</span> Using hydrogen to decarbonize sectors which are hard to electrify

The hydrogen economy is an umbrella term that draws together the roles hydrogen can play alongside renewable electricity to decarbonize those sectors and activities which may be technically difficult to decarbonize through other means, or where cheaper and more energy-efficient clean solutions are not available. In this context, hydrogen economy encompasses hydrogen's production through to end-uses in ways that substantively contribute to avoiding the use of fossil fuels and mitigating greenhouse gas emissions.

<span class="mw-page-title-main">Fuel cell vehicle</span> Vehicle that uses a fuel cell to power its electric motor

A fuel cell vehicle (FCV) or fuel cell electric vehicle (FCEV) is an electric vehicle that uses a fuel cell, sometimes in combination with a small battery or supercapacitor, to power its onboard electric motor. Fuel cells in vehicles generate electricity generally using oxygen from the air and compressed hydrogen. Most fuel cell vehicles are classified as zero-emissions vehicles that emit only water and heat. As compared with internal combustion vehicles, hydrogen vehicles centralize pollutants at the site of the hydrogen production, where hydrogen is typically derived from reformed natural gas. Transporting and storing hydrogen may also create pollutants. Fuel cells have been used in various kinds of vehicles including forklifts, especially in indoor applications where their clean emissions are important to air quality, and in space applications. Fuel cells are being developed and tested in trucks, buses, boats, ships, motorcycles and bicycles, among other kinds of vehicles.

A zero emission engine, motor, process, or other energy source emits no waste products that pollute the environment or disrupt the climate.

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An electric truck is an electric vehicle powered by batteries designed to transport cargo, carry specialized payloads, or perform other utilitarian work.

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<span class="mw-page-title-main">Hydrogen internal combustion engine vehicle</span> Vehicle with hydrogen internal combustion engine

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<span class="mw-page-title-main">Low emission buses in London</span>

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References

  1. "Hyzon Motors' hydrogen fuel ambitions include two US factories". www.techcrunch.com. 2 March 2021.
  2. www.hyzonmotors.com about
  3. Hyzon Motors now trading on Nasdaq
  4. "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.
  5. "Hyzon Ousts CEO in Wake of Delisting Fears". Truckinginfo. Retrieved 11 July 2023.
  6. "Fuel-Cell Truck Startup Hyzon Agrees to Merge With Decarbonization Plus SPAC". Bloomberg. Retrieved 11 July 2023.
  7. "Hyzon Motors enters high power fuel cells partnership with Schlumberger". Hydrogen Fuel News. Retrieved 13 July 2023.
  8. "Hyzon replaces Knight, CEO and cofounder". Rochester Beacon. Retrieved 13 July 2023.
  9. "Hyzon Motors to supply PFG with hydrogen fuel cell trucks". The Buzz Ev News. Retrieved 25 July 2023.