The Australian transport industry is one step closer to the development of a hydrogen refuelling station network following a Memorandum of Understanding (MoU) between key players.
ASX-listed Real Energy Corporation’s 100%-owned hydrogen division Pure Hydrogen Corporation and Hyzon Motors Australia (a wholly-owned subsidiary of US-based HYZON Motors Inc) have signed the deal.
Hyzon Motors was established in the US in January 2020 as a new business from parent company Horizon Fuel Cell Technologies. It is a global supplier of zero emissions hydrogen fuel cell-powered commercial vehicles, including heavy duty trucks, buses and coaches.
The MoU offers a business framework for Hyzon and Pure Hydrogen to provide hydrogen solutions to end users and fleet customers.
It includes the integration of a ‘wet hire’ of Hyzon’s vehicles to customers as part of a package that includes the vehicle’s cost, scheduled services and hydrogen fuel as part of one monthly payment.
“This MoU with such an established and respected hydrogen fuel cell vehicle company like Hyzon is an outstanding development and excellent validation of our plans to develop a hydrogen focused energy business in Australia,” Pure Hydrogen’s Scott Brown says.
“We look forward to providing regular updates as the MoU progresses. As well, we have a number of other initiatives underway which will clearly reflect the value we are building in the Pure Hydrogen business.
“We believe we can build significant value in our Pure Hydrogen business for our shareholders and look forward to working with Hyzon,” Brown says.
Hyzon Motors Australia director John Feenan says Australia is seen as a “key market for the integration of hydrogen power technology into hard-to-abate sectors such as heavy transportation”.
“This MoU with Pure Hydrogen paves the way for both parties to boost the hydrogen infrastructure capabilities of Australia and propel the nation’s fleet operators towards a zero-emission future.
“We look forward to working with Pure Hydrogen on this shared initiative,” Feenan says.
