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Hyzon Motors Inc. announces plans to supply a 154-ton hydrogen fuel cell-powered truck to a European heavy lift transport group, marking a significant step in replacing diesel with hydrogen in heavy-duty applications. The trucks will deliver 480 kilowatts of power, showcasing Hyzon's advanced fuel cell technology. This agreement precedes Hyzon's public listing on Nasdaq via a business combination with Decarbonization Plus Acquisition Corporation (DCRB). Interest in these trucks is growing among mining and industrial firms in Europe and Australia.
Hyzon Motors has successfully completed a 15,000-kilometer durability road test for its hydrogen fuel cell-powered coaches, intended for Fortescue Metals Group in Western Australia. This test underscores the vehicles' performance in extreme conditions, as they prepare to replace diesel vehicles in the Pilbara region's mining operations. Fortescue plans to contract up to 10 coaches to support its goal of becoming carbon neutral by 2030. This initiative marks the world's first hydrogen-powered coach fleet, representing a significant move towards zero-emission transport in heavy industry.
Hyzon Motors has launched a leasing service for hydrogen fuel cell electric vehicles (FCEVs) in the European Union, aiming to facilitate fleet transitions to zero-emission hydrogen. This initiative follows a business combination with Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB, DCRBU), set to finalize in Q2 2021. The company aspires to reach total cost of ownership (TCO) parity with diesel vehicles in Europe, using existing incentives and partnerships for hydrogen infrastructure. CEO Craig Knight shared excitement for supporting fleet operators in this transition.
Hyzon Motors Inc. announced its upcoming "Hydrogen Now" livestream event on March 17, 2021, showcasing a virtual ride in its hydrogen fuel cell-powered trucks from its Groningen facility. This follows a February 2021 announcement of a business combination with Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB, DCRBU), expected to finalize in Q2 2021. The event will include a Q&A session for pre-registered media. Hyzon aims to deliver 1,500 fuel cell-powered trucks by 2026, with initial shipments planned for the second half of 2021.
Hyzon Motors Inc. has announced participation in multiple upcoming investor conferences, including the Cowen Mobility Disruption Virtual Summit on March 10, 2021 and the Bank of America Global Industrials Conference on March 18, 2021. The company's recent presentation will be available on their website. Additionally, Hyzon is set to go public via a merger with Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB, DCRBU), expected to close in Q2 2021. Hyzon focuses on hydrogen-powered commercial vehicles, operating globally from its headquarters in Rochester, NY.
Hyzon Motors announced plans to build the largest fuel cell membrane electrode assembly (MEA) production line in the U.S. at its new Hyzon Innovation Center in Bolingbrook, Illinois. This facility aims to produce enough MEAs for up to 12,000 hydrogen fuel cell trucks annually, addressing supply bottlenecks. The production line is expected to commence in Q4 2021. The merger with Decarbonization Plus Acquisition Corp (NASDAQ: DCRB, DCRBU) is anticipated to close in Q2 2021, further supporting Hyzon's expansion in the hydrogen fuel sector.
Decarbonization Plus Acquisition Corporation (NASDAQ: DCRBU) announced that starting on December 14, 2020, investors can separately trade Class A common stock and warrants from the units sold in its IPO. The shares will trade under the symbols DCRB and DCRBW on the NASDAQ Capital Market. The units will continue under the symbol DCRBU. This change allows more flexibility for investors, as they can choose to trade shares and warrants independently.
Decarbonization Plus Acquisition Corporation has closed its initial public offering (IPO) of 20 million units, pricing each at $10.00. Trading commenced on NASDAQ under the symbol 'DCRBU' on October 20, 2020. Each unit consists of one share of Class A common stock and one-half of a redeemable warrant, allowing for future stock purchases at $11.50 per share. The company aims to merge with a target focused on decarbonizing high-emission sectors. This IPO aligns with Riverstone's commitment to low-carbon investments, with a history of raising over $5 billion in equity.
Decarbonization Plus Acquisition Corporation announced its IPO pricing on October 19, 2020, offering 20 million units at $10.00 each, set to trade on NASDAQ under the symbol 'DCRBU' starting October 20, 2020. Each unit includes one share of Class A common stock and half a warrant. The company has granted underwriters a 45-day option for an additional 3 million units. This IPO aims to support a merger focusing on decarbonization in various sectors, backed by Riverstone Investment Group, which has invested over $5 billion in renewables.
Decarbonization Plus Acquisition Corporation announced its initial public offering (IPO) of 20 million units priced at $10.00 each. The IPO includes a 45-day underwriter option for an additional 3 million units. Each unit comprises one share of Class A common stock and half a redeemable warrant, exercisable at $11.50 per share. The units will be traded under the symbol DCRBU on NASDAQ. The offering is managed by Citigroup and Credit Suisse, and aims to raise capital for developing decarbonization-focused enterprises.
