Hyzon Motors bags order to supply five 154-ton fuel cell-powered hydrogen trucks to Ark Energy
Sep. 14, 2021 7:47 AM ETHyzon Motors Inc. (HYZN)Arkanova Energy Corporation (AKVA)By: Niloofer Shaikh, SA News Editor3 Comments
Hyzon Motors (NASDAQ:HYZN) +2.5% premarket, has received an order for five, 154-ton trucks from Ark Energy Corporation (OTC:AKVA), the Australian subsidiary of the world's largest zinc, lead and silver producer, Korea Zinc.
Delivery is expected by the end of 2022.
Ark Energy will lease the trucks to its sister company, Townsville Logistics.
Hyzon expects to assemble the vehicles in Australia, aligning with the company's plans to boost local Australian production of fuel cell vehicles.
The project is expected to be the first in the world to use Hyzon's ultra-heavy-duty fuel cell vehicles.
"This definitive order from Ark Energy is a prime example that decarbonization is happening now," said Craig Knight, CEO of Hyzon. "Our work with Ark Energy will help lay the foundation for an emissions-free future in Australia."
Hyzon Motors bags order to supply five 154-ton fuel cell-powered hydrogen trucks to Ark Energy
Sep. 14, 2021 7:47 AM ETHyzon Motors Inc. (HYZN)Arkanova Energy Corporation (AKVA)By: Niloofer Shaikh, SA News Editor3 Comments
Hyzon Motors (NASDAQ:HYZN) +2.5% premarket, has received an order for five, 154-ton trucks from Ark Energy Corporation (OTC:AKVA), the Australian subsidiary of the world's largest zinc, lead and silver producer, Korea Zinc.
Delivery is expected by the end of 2022.
Ark Energy will lease the trucks to its sister company, Townsville Logistics.
Hyzon expects to assemble the vehicles in Australia, aligning with the company's plans to boost local Australian production of fuel cell vehicles.
The project is expected to be the first in the world to use Hyzon's ultra-heavy-duty fuel cell vehicles.
"This definitive order from Ark Energy is a prime example that decarbonization is happening now," said Craig Knight, CEO of Hyzon. "Our work with Ark Energy will help lay the foundation for an emissions-free future in Australia."