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Air Products and New Flyer Five-City Tour in the State of Washington Demonstrates Benefits of Hydrogen Fuel Cell Bus Technology

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Air Products (NYSE:APD) and New Flyer of America Inc. completed a five-city tour in Washington State from March 22, 2021, showcasing hydrogen fuel cell electric buses. The tour included real-world demonstrations by local transit agencies fueled by Air Products' technology. Washington is transitioning to low-emission fleets, making hydrogen buses an efficient alternative. Air Products leads in hydrogen supply with over 1.5 million annual refueling operations worldwide. The company reported fiscal 2020 sales of $8.9 billion and has a market cap exceeding $60 billion.

Positive
  • Successful five-city demonstration of hydrogen fuel cell buses enhances market visibility.
  • Air Products leads globally in hydrogen supply, indicating strong market position.
  • Significant investment in hydrogen infrastructure supports future growth.
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  • None.

LEHIGH VALLEY, Pa., March 31, 2021 /PRNewswire/ -- Air Products (NYSE:APD) and New Flyer of America Inc. hosted a five-city tour in Washington State during the week of March 22nd to demonstrate the benefits of fuel cell electric buses powered with Air Products' hydrogen.

As part of the demonstration, Sunline Transit Agency in Thousand Palms, California provided a New Flyer Xcelsior CHARGE H2™ from its fleet of hydrogen buses to showcase the benefits of hydrogen in transit. The tour began in Bremerton, Washington where a local transit agency observed the bus being fueled using an Air Products' mobile fueling station. As part of the demonstration, the transit team received training on how to fuel the bus and was then able to drive it on its regular route to get first-hand experience of how the vehicle performed under real-world conditions. Air Products and New Flyer then made similar stops in Renton, Olympia, Chehalis and Vancouver, Washington demonstrating the benefits and advantages of hydrogen transit.

Washington is one of several states that have taken steps to encourage public transportation providers to transition from traditional gasoline or diesel-powered vehicles to low- or no-emission fleets. Hydrogen fuel cell bus technology provides transit agencies with a proven, efficient alternative for a zero emissions fleet under a vast range of operating conditions, not just for short routes.

"We're proud to collaborate with New Flyer on this tour to showcase the real-world environmental benefits that are already available today through hydrogen," said Eric Guter, Air Products' vice president – Hydrogen for Mobility Solutions. "Air Products has made substantial investments to ensure that customers have ready access to infrastructure and supply of hydrogen as the world transitions to a greener, more sustainable future."

Air Products is the world's leading supplier of hydrogen and hydrogen mobility solutions with over 60 years of experience. The Company's technologies are used in over 1.5 million refueling operations annually, across twenty countries and over 250 projects. Last year, Air Products celebrated the grand opening of the largest hydrogen fueling station for transit buses in the United States. Located at the Orange County Transportation Authority in Santa Ana, California the station is equipped with Air Products' hydrogen fueling technology, design and equipment. It has a bus fueling capacity for up to 50 buses, which corresponds to fueling up to 1,500 kilograms (kg) of hydrogen in eight-hours. The station can fuel transit buses with an average of 28 kg of hydrogen per bus in six to 10 minutes per bus while also providing back-to-back bus fueling for up to 30 buses and simultaneous fueling capability with multiple fueling lanes. For every zero-emissions hydrogen vehicle, Air Products has a hydrogen fueling solution.   

About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including: gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and world-scale carbon-free hydrogen projects supporting global transportation and the energy transition.

The Company had fiscal 2020 sales of $8.9 billion from operations in 50 countries and has a current market capitalization of over $60 billion. More than 19,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. For more information, visit airproducts.com or follow us on LinkedInTwitterFacebook or Instagram

NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company's Form 10-K for its fiscal year ended September 30, 2020.

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SOURCE Air Products

FAQ

What was demonstrated during the Air Products five-city tour in Washington State?

Air Products and New Flyer showcased the benefits of hydrogen fuel cell electric buses through real-world demonstrations.

When did the Air Products hydrogen bus tour take place?

The tour occurred during the week of March 22, 2021.

What are the financial highlights for Air Products as of fiscal 2020?

Air Products reported sales of $8.9 billion and has a market capitalization of over $60 billion.

How does Air Products support hydrogen fueling for transit buses?

Air Products provides extensive hydrogen fueling infrastructure with the largest hydrogen fueling station for transit buses in the U.S.

What role does Air Products play in the hydrogen market?

Air Products is a leading supplier of hydrogen and hydrogen mobility solutions, with over 60 years of experience.

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