SoCalGas Takes Step to Decarbonize Fleet Through Partnership with Hyzon Motors
On September 1, 2021, Southern California Gas Co (SoCalGas) and Hyzon Motors (NASDAQ: HZYN) announced a partnership to develop a hydrogen-powered fuel cell electric utility truck. This initiative aligns with SoCalGas' NetZero 2045 climate commitment to transition to a zero-emissions fleet by 2035. The Class 3 utility truck, set for delivery by 2022, will feature a maximum power of 200 kilowatts and a 300-mile range. This collaboration aims to advance California's climate goals and reduce greenhouse gas emissions from the transportation sector.
- Partnership with SoCalGas enhances Hyzon's market position in hydrogen fuel cell technology.
- Development of a hydrogen-powered utility truck aligns with SoCalGas' commitment to decarbonization and could lead to increased orders.
- Expected delivery of the utility truck by 2022 showcases Hyzon's capability to meet client needs rapidly.
- The truck's delivery timeline may be affected by supply chain issues inherent in the automotive industry.
- Dependence on SoCalGas for initial sales could lead to revenue volatility for Hyzon.
ROCHESTER, N.Y., Sept. 1, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), the nation's largest gas distribution utility, and Hyzon Motors Inc. (NASDAQ: HZYN), a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, announced today their plans to partner on a hydrogen-powered fuel cell electric utility truck. The partnership supports SoCalGas' NetZero 2045 climate commitment, which includes replacing its over-the-road fleet with electric and fuel cell electric vehicles, achieving a
As part of the partnership, Hyzon will deliver a Class 3 commercial service body utility truck to SoCalGas by 2022. The truck is expected to reach a maximum power of 200 kilowatts, with a range of 300 miles and will be built on the existing chassis OEM used by SoCalGas, minimizing the updates needed for operations, servicing and training.
"By partnering with Hyzon Motors on this initial hydrogen-powered fuel cell electric utility truck, SoCalGas is showing their commitment to decarbonize their over-the-road fleet. These efforts will go a long way in helping California meet its climate goals," said Senator Bob Archuleta.
Sandra Hrna, vice president of supply chain and operations support at SoCalGas said, "Our partnership with Hyzon Motors on this initial fuel cell electric truck represents an additional potential solution to help us accelerate our transition to a zero emissions fleet by 2035. The transportation sector accounts for the largest percentage of greenhouse gas (GHG) emissions in California. The men and women of SoCalGas drive approximately 32 million miles each year in company vehicles and we believe it is our responsibility and focus to decarbonize our over-the-road fleet."
In April, SoCalGas also announced plans to convert 200 Ford F-250 service pick-up trucks to run on renewable natural gas (RNG) – a renewable form of energy produced from a variety of organic waste streams that will allow SoCalGas to start reducing its carbon footprint while alternatives are developed. With the addition of these trucks, nearly 40 percent of SoCalGas' fleet will be operating on clean fuels.
Known for its heavy-duty Class 8 vehicles and industry-leading fuel cell power, the partnership with SoCalGas also marks Hyzon's entrance into the light truck vehicle class sector. Hyzon is uniquely suited to build vehicles for these commercial applications because of its experience producing hydrogen fuel cell electric vehicles used by companies in rugged environments, such as the Australian Outback.
"The fuel cell does not care what it is powering," said Hyzon CEO Craig Knight. "Since Hyzon's fuel cell can power up to 154-ton trucks, we can adapt it to support the performance needs of SoCalGas' fleet."
"Developing fuel cell-powered utility trucks for commercial applications is a natural expansion of Hyzon Motors' product offering," Knight said. "Most of our customers utilize a range of vehicles in their operations. Providing this crucial operations support vehicle to existing customers will streamline fleet transition and procurement and accelerate the shift to a zero-emissions future."
Hydrogen, which is converted to electricity through a fuel cell with no tailpipe emissions, powers the vehicle through fuel cells that are compact, powerful and uniquely suited for long haul and high utilization back-to-base transport. Hydrogen fuel tanks can be refilled as fast as diesel tanks, a distinct advantage over batteries that typically take at least twice as long to recharge.
About Hyzon Motors Inc.
Headquartered in Rochester, N.Y., with U.S. operations also in Chicago and Detroit, and international operations in the Netherlands, Singapore, Australia and China, Hyzon is a leader in hydrogen mobility. Hyzon is a hydrogen mobility company with a focus on hydrogen in the commercial vehicle market. Utilizing its proven and proprietary hydrogen fuel cell technology, Hyzon aims to supply zero-emission heavy duty trucks and buses to customers in North America, Europe and around the world. The company is contributing to the escalating adoption of hydrogen vehicles through its demonstrated technology advantage, leading fuel cell performance and history of rapid innovation. Visit www.hyzonmotors.com.
About SoCalGas
Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.
SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.
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Media Contacts: Hyzon Motors Caroline Curran Hill+Knowlton Strategies +1 256-653-5811 |
SoCalGas Miguel Lopez-Najera Office of Media and Public Information +1 213-718-1689 |
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management of Hyzon Motors Inc. (formerly known as Decarbonization Plus Acquisition Corporation) ("Hyzon" or the "Company") and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Hyzon. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination between Hyzon and Hyzon Motors USA Inc. (formerly known as Hyzon Motors Inc.) and related transactions (the "Business Combination"); risks relating to the uncertainty of the projected financial information with respect to Hyzon; risks related to the rollout of Hyzon's business and the timing of expected business milestones; the effects of competition on Hyzon's business; the ability of Hyzon to issue equity or equity-linked securities in the future; and those factors discussed in Hyzon's definitive proxy statement filed with the Securities and Exchange Commission (the "SEC") on June 21, 2021 under the heading "Risk Factors" and other documents of Hyzon filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Hyzon presently does not know or that Hyzon currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Hyzon's expectations, plans or forecasts of future events and views as of the date of this press release. Hyzon anticipates that subsequent events and developments will cause Hyzon's assessments to change. However, while Hyzon may elect to update these forward-looking statements at some point in the future, Hyzon specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Hyzon's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither Hyzon nor any of its affiliates have any obligation to update this press release.
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SOURCE HYZON Motors
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