ROCHESTER, N.Y., July 2, 2021 /PRNewswire/ -- Hyzon Motors Inc., a
leading global supplier of zero-emission hydrogen fuel cell-powered
heavy vehicles, today announced the signing of a Memorandum of
Understanding (MoU) to participate in the newly established
HyTrucks consortium in Europe.
The HyTrucks consortium, founded by Air Liquide, DATS 24, the
Port of Rotterdam, the Port of
Antwerp and the Port of Duisburg,
is one of Europe's largest
initiatives aiming to deploy zero-emission heavy vehicle fleets
into the continent's busiest transportation corridors.
By entering into the agreement, Hyzon will support the HyTrucks
program's goal to have 1,000 heavy hydrogen-powered trucks on the
road, as well as establishing 25 new hydrogen refueling stations by
2025, enabling emissions-free road travel between Belgium, the
Netherlands and western Germany. More than 100,000 tons per year of
CO2 emissions, equivalent to 110 million kilometers (68
million miles) driven, could be avoided from successful deployment
of FCEVs such as those that Hyzon manufactures.
Through its participation in HyTrucks, Hyzon joins yet another
powerful and growing ecosystem of hydrogen partners that represent
the entire mobility value chain: truck manufacturers, transport
companies and fuel cell suppliers. As previously announced, Hyzon
has joined the Covenant on Hydrogen in Mobility in Utrecht, which plans to bring 1,800 hydrogen
vehicles to the Netherlands, and
is a member of a European consortium of automotive companies that
specified a joint target to deploy up to 100,000 hydrogen fuel cell
powered trucks from 2030 onwards.
Notably, Hyzon has also taken on the role of a hydrogen
ecosystem convener through the establishment the Hyzon Zero Carbon
Alliance, an international effort to advance hydrogen ecosystems.
With founding members such as AXA, Bank of America, Raven SR,
ReCarbon and Total, Hyzon has aligned the supply and demand side of
the sector, pooling collective expertise to make zero-emissions
hydrogen mobility a reality.
"Decarbonizing heavy road transport is essential to meeting
global climate goals and hydrogen heavy vehicles offer Europe and other regions a fast lane to that
reality," said Hyzon CEO Craig
Knight. "Collaboration will be central to this effort and
key to scaling hydrogen mobility solutions worldwide so we're
excited to join the prominent members of HyTrucks and to supply our
proven zero-emission heavy trucks to help Europe put 1,000 more hydrogen powered trucks
on the road by 2025."
About Hyzon Motors Inc.
Headquartered in Rochester,
N.Y., with U.S. operations also in Chicago and Detroit, and international operations in
the Netherlands, Singapore, Australia and China, Hyzon is a leader in hydrogen mobility.
Hyzon is a pure-play hydrogen mobility company with an exclusive
focus on hydrogen in the commercial vehicle market. Utilizing its
proven and proprietary hydrogen fuel cell technology, Hyzon aims to
supply zero-emission heavy duty trucks and buses to customers in
North America, Europe and around the world. The company is
contributing to the escalating adoption of hydrogen vehicles
through its demonstrated technology advantage, leading fuel cell
performance and history of rapid innovation. Visit
www.hyzonmotors.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of present or
historical fact included in this press release, including those
regarding Decarbonization Plus Acquisition Corporation's ("DCRB")
proposed acquisition of Hyzon and DCRB's ability to consummate the
transaction, are forward-looking statements. When used in this
press release, the words "could," "should," "will," "may,"
"believe," "anticipate," "intend," "estimate," "expect," "project,"
the negative of such terms and other similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on management's current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law, DCRB
and Hyzon disclaim any duty to update any forward -looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
of this press release. DCRB and Hyzon caution you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of either DCRB or Hyzon, including
risks and uncertainties described in the "Risk Factors" section of
Exhibit 99.3 of DCRB's Current Report on Form 8-K filed with the
U.S. Securities and Exchange Commission (the "SEC") on February 9, 2021, the "Risk Factors" section of
DCRB's definitive proxy statement on Schedule 14A filed with the
SEC on June 21, 2021, and other
documents filed by DCRB from time to time with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements,
such as risks related to the ability to convert non-binding
memoranda of understanding into binding orders or sales (including
because of the current or prospective financial resources of the
counterparties to Hyzon's non-binding memoranda of understanding
and letters of intent), or the ability to identify additional
potential customers and convert them to paying customers. Hyzon
gives no assurance that Hyzon will achieve its expectations.
Important Information for Investors and Stockholders
In connection with the proposed business combination, DCRB filed
a proxy statement and other relevant documents with the SEC.
Stockholders and other interested persons are urged to read the
proxy statement and any other relevant documents filed with the SEC
because they contain important information about DCRB, Hyzon and
the proposed business combination. Stockholders may obtain a free
copy of the proxy statement, as well as other filings containing
information about DCRB, Hyzon and the proposed business
combination, without charge, at the SEC's website located at
www.sec.gov.
Participants in the Solicitation
DCRB, Hyzon and their directors and executive officers and other
persons may be deemed to be participants in the solicitations of
proxies from DCRB's stockholders in respect of the proposed
business combination and the other matters set forth in the proxy
statement. Information regarding DCRB's directors and executive
officers is available in DCRB's Annual Report on Form 10-K for the
annual period ended December 31,
2020, and under the heading "Information About DCRB" in
DCRB's definitive proxy statement related to the proposed business
combination filed with the SEC on June 21,
2021. Additional information regarding the participants in
the proxy solicitation and a description of their direct and
indirect interests, by security holdings or otherwise, is set forth
in the proxy statement relating to the proposed business
combination.
Hyzon Motors contacts
For U.S., Europe and Asia media:
Caroline Curran
Hill+Knowlton Strategies
+1 256-653-5811
caroline.curran@hkstrategies.com
For Australasian media:
Fraser Beattie
Cannings Purple
+61 421 505 557
fbeattie@canningspurple.com.au
For investors:
Caldwell Bailey
ICR, Inc.
HyzonMotorsIR@icrinc.com
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SOURCE Hyzon Motors Inc.
