Hyzon Motors Signs Vehicle Supply Agreement With Coregas For Hydrogen-Powered Trucks

Hyzon Motors Inc, which is going public via a SPAC merger with Decarbonization Plus Acquisition Corp DCRB, said its Australian subsidiary had signed a vehicle supply agreement with Coregas Pty Limited, a wholly-owned subsidiary of Australian conglomerate Wesfarmers Limited WFAFY.
Hyzon will deliver two hydrogen fuel cell-powered prime movers to New South Wales, Australia.
The Hyzon Hymax-450 prime movers are expected to be delivered in the first half of 2022.
The prime movers will be integrated with Coregas' existing diesel fleet and transporting specialty gases, including hydrogen, to Coregas customers in Sydney and wider New South Wales.
"Hyzon is proud to partner with Coregas in our shared effort to decarbonize Australia's heavy trucking industry," said Hyzon CEO Craig Knight.
Price action: DCRB shares are trading higher by 2.17% at $10.37 on the last check Wednesday.