Hyzon Partners With Australia's Woodside For Commercial Hydrogen Production

Hyzon Motors Inc HYZN collaborated with Australia's Woodside Energy for developing a supply of zero-carbon intensity hydrogen and building demand from medium- and heavy-duty commercial vehicle customers in the U.S and Australia. The financial terms remain undisclosed.
Under the agreement, the companies will evaluate opportunities to develop green hydrogen production facilities (hubs).
Initially, the project will focus on liquid hydrogen supply projects to support Hyzon's future liquid hydrogen onboard mobility use cases.
The hydrogen hubs will be developed and located to serve the demand for Hyzon ultra-long-range trucks and future high energy usage mobility use cases.
Price Action: HYZN shares are trading higher by 12.4% at $7.09 on the last check Tuesday.