Hyzon Motors plans to invent fuel cells, including a indispensable disclose required to energy hydrogen vehicles, at two U.S. factories in a switch geared in direction of kickstarting home manufacturing at a industrial scale.
The hydrogen-powered truck and bus producer has already leased a 28,000-sq.-foot facility in the Chicago suburb of Bolingbrook and plans to amplify it by an additional 80,000 sq. feet. Production at the Chicago facility is predicted to originate in the fourth quarter of 2021. The announcement comes supreme three weeks after Hyzon announced it may perchance perchance perchance change into a publicly traded firm thru a merger with Decarbonization Plus Acquisition Corporation in a deal valued at $2.1 billion, and a exiguous bit over one week after revealing plans to renovate a 78,000-sq.-foot manufacturing facility in Monroe County, Recent York.
Hyzon is a fresh determine with a on the sphere of two a long time of trip. The firm modified into once established in March of last year after spinning off from Singapore’s Horizon Fuel Cell Applied sciences, which has been growing industrial applications for fuel cells since 2003. Hyzon inked a deal in February with the Recent Zealand firm Hiringa Vitality for as a lot as 1,500 fuel cell trucks on Recent Zealand’s roads by 2026. Now it’s atmosphere its sights on the North American hydrogen fuel cell automobile market. Attributable to the scarcity of an established home hydrogen fueling network, the firm is focusing on heavy-obligation automobile customers that absorb a “abet-to-depraved” industry mannequin.
Hyzon’s resolution to manufacture factories in the USA is significant because manufacturing of fuel cell materials in the nation lags far at the abet of Europe and Asia. The U.S. additionally lacks the roughly national hydrogen refueling and infrastructure network stumbled on in another country.
“Hydrogen is significant extra available in locations savor Germany or The Netherlands,” Hyzon CEO Craig Knight mentioned in an interview with TechCrunch. “There’s already a assortment of industrial automobile stations the place you may perchance maybe presumably supreme pull up and pay to absorb up savor you attain with fuel right now time in the U.S. It received’t be long before that would even be a actuality, but for the moment we restrict the dependence on networks of hydrogen stations by focusing on the customers that consume abet-to-depraved running devices, the place you fully need one half of hydrogen infrastructure to fuel dozens or even usually a total lot of vehicles in a given order.”
A lot of the hydrogen that’s produced in the U.S. is so-known as “grey hydrogen,” or hydrogen that’s made from natural gasoline. An growing assortment of companies are pursuing “inexperienced hydrogen,” or hydrogen produced thru electrolysis powered by renewable vitality. Hyzon sources both varieties for its operations. Hydrogen manufacturing stays one of many most principal factors figuring out the droop of scale for fuel cell producers.
The Chicago facility will create, absorb and invent the membrane electrode assembly, the fuel cell disclose that helps trigger the electrochemical response required to invent energy. The firm anticipates the fresh facility will be ready to invent ample MEAs for as a lot as 12,000 fuel cell-powered trucks yearly.
Accomplished MEAs will be sent to the firm’s not too long previously announced fuel cell stack and system assembly plant in Monroe County, the place the parts will be assembled into total fuel cells. From there, the fuel cells will be brought to a accomplice truck producer to be assembled into industrial heavy-obligation vehicles. The firm’s principal assembly accomplice in the USA is Berkshire Hathaway subsidiary Fontaine Modification.
Hydrogen fuel cell technology is finding consume cases in heavy-obligation vehicles because trucking companies are all another time and all another time paid by how significant weight they can transport, and how rapid they can attain it. The time funding of battery charging and the inability of carrying potential makes fuel cells a handsome replacement for firms having a look to decarbonize their automobile fleets.
Hyzon sees definite network effects and economies of scale associated with hydrogen fuel cell adoption — and growing marginal prices of electrical battery adoption. Although the firm has not announced plans to dive into the mild-obligation automobile market, it stays bullish on the worth proposition of hydrogen fuel cells.
“We mediate at some level it turns into an growing marginal worth of adoption for battery electric, because you lope into infrastructure barriers around the electricity grid, around the scale of depots and the potential to manufacture the charging infrastructure,” Knight mentioned. “We mediate there’s a dis-economy of scale linked to going battery electric in the occasion you’ve bought in actuality high utilization. We mediate that some of the most lighter vehicles will additionally originate to switch onto hydrogen. We’re not completely depending on that for our mannequin, but that’s our belief.”
Hyzon, which expects to be listed on the Nasdaq in gradual Could additionally or early June, will be listed below the ticker HYZN.