Hyzon Motors plans to supply gasoline cells, together with a crucial part required to energy hydrogen autos, at two U.S. factories in a transfer aimed toward kickstarting home manufacturing at a industrial scale.
The hydrogen-powered truck and bus producer has already leased a 28,000-square-foot facility within the Chicago suburb of Bolingbrook and plans to develop it by a further 80,000 sq. ft. Manufacturing on the Chicago facility is anticipated to start within the fourth quarter of 2021. The announcement comes simply three weeks after Hyzon introduced it might change into a publicly traded firm by a merger with Decarbonization Plus Acquisition Company in a deal valued at $2.1 billion, and a bit of over one week after revealing plans to renovate a 78,000-square-foot manufacturing facility in Monroe County, New York.
Hyzon is a brand new identify with an almost 20 years of expertise. The corporate was established in March of final yr after spinning off from Singapore’s Horizon Gasoline Cell Applied sciences, which has been creating industrial purposes for gasoline cells since 2003. Hyzon inked a deal in February with the New Zealand firm Hiringa Vitality for as much as 1,500 gasoline cell vehicles on New Zealand’s roads by 2026. Now it’s setting its sights on the North American hydrogen gasoline cell car market. As a result of lack of a longtime home hydrogen fueling community, the corporate is focusing on heavy-duty car clients which have a “back-to-base” enterprise mannequin.
Hyzon’s resolution to construct factories in the USA is noteworthy as a result of manufacturing of gasoline cell supplies within the nation lags far behind Europe and Asia. The U.S. additionally lacks the type of nationwide hydrogen refueling and infrastructure community discovered overseas.
“Hydrogen is far more obtainable in locations like Germany or The Netherlands,” Hyzon CEO Craig Knight stated in an interview with TechCrunch. “There’s already plenty of industrial car stations the place you’ll be able to simply pull up and pay to replenish such as you do with gasoline at present within the U.S. It received’t be lengthy earlier than that could be a actuality, however for the second we restrict the dependence on networks of hydrogen stations by specializing in the purchasers that use back-to-base working fashions, the place you solely want one piece of hydrogen infrastructure to gasoline dozens and even typically tons of of autos in a given space.”
A lot of the hydrogen that’s produced within the U.S. is so-called “gray hydrogen,” or hydrogen that’s produced from pure fuel. An rising variety of corporations are pursuing “inexperienced hydrogen,” or hydrogen produced through electrolysis powered by renewable vitality. Hyzon sources each varieties for its operations. Hydrogen manufacturing stays one of many foremost elements figuring out the speed of scale for gasoline cell producers.
The Chicago facility will design, develop and produce the membrane electrode meeting, the gasoline cell part that helps set off the electrochemical response required to supply energy. The corporate anticipates the brand new facility will be capable of produce sufficient MEAs for as much as 12,000 gasoline cell-powered vehicles yearly.
Completed MEAs can be despatched to the corporate’s just lately introduced gasoline cell stack and system meeting plant in Monroe County, the place the elements can be assembled into full gasoline cells. From there, the gasoline cells can be delivered to a companion truck producer to be assembled into industrial heavy-duty autos. The corporate’s foremost meeting companion in the USA is Berkshire Hathaway subsidiary Fontaine Modification.
Hydrogen gasoline cell know-how is discovering use circumstances in heavy-duty autos as a result of trucking corporations are regularly paid by how a lot weight they’ll transport, and the way rapidly they’ll do it. The time funding of battery charging and the lack of carrying capability makes gasoline cells a pretty various for corporations seeking to decarbonize their car fleets.
Hyzon sees optimistic community results and economies of scale related to hydrogen gasoline cell adoption — and rising marginal prices of electrical battery adoption. Though the corporate has not introduced plans to dive into the light-duty car market, it stays bullish on the worth proposition of hydrogen gasoline cells.
“We expect sooner or later it turns into an rising marginal price of adoption for battery electrical, since you run into infrastructure limitations across the electrical energy grid, across the dimension of depots and the capability to construct the charging infrastructure,” Knight stated. “We imagine there’s a dis-economy of scale hooked up to going battery electrical if you’ve received actually excessive utilization. We imagine that a few of the lighter autos may also begin to transfer onto hydrogen. We’re not completely depending on that for our mannequin, however that’s our perception.”
Hyzon, which expects to be listed on the Nasdaq in late Might or early June, can be listed beneath the ticker HYZN.