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Hyzon Motors (NASDAQ: HYZN) and ITOCHU Corporation (TYO: 8001) have signed a non-binding Memorandum of Understanding (MoU) to explore commercial hydrogen opportunities in the mining sector. The collaboration aims to combine ITOCHU’s industry relationships with Hyzon’s expertise in hydrogen fuel cell electric vehicles (FCEVs). The goal is to develop hydrogen supply chain strategies and model projects for deploying Hyzon's fuel cell technology, particularly targeting steel making and metal refining.
Raven SR Inc., a renewable fuels company, secured a $20 million strategic investment from Chevron, ITOCHU, Hyzon Motors (NASDAQ: HYZN), and Ascent Hydrogen Fund. The funds will support the construction of modular waste-to-green hydrogen production units in California and globally. Raven's technology utilizes a non-combustion process to convert various wastes into hydrogen and renewable fuels, contributing to climate change mitigation. This partnership aims to establish a viable hydrogen value chain and develop 250 hydrogen production facilities in the U.S. and abroad.
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