Hyzon Motors announces order for up to 70 hydrogen trucks for Austrian supermarket chain
ROCHESTER, NY and GRONINGEN, Netherlands, June 2, 2021 / PRNewswire / – Hyzon Motors Inc. (“Hyzon”), one of the world’s leading suppliers of zero-emission hydrogen fuel cell utility vehicles, today announced that it has entered into a definitive agreement with JuVe Automotion GmbH (“JuVe”) for the sale of hydrogen fuel cell heavy-duty trucks. JuVe is a spin-off from the hydrogen initiative of Austrian grocer MPREIS and will supply the trucks to MPREIS and other pioneers in the field of hydrogen fuel cells. This precedes the public listing of Hyzon via a definitive business combination agreement with Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB, DCRBW).
Initial delivery is scheduled for the fourth quarter of 2021, with the remaining trucks due to be delivered over the next three years. The first batch of vehicles consists of three different heavy trucks, including tractor / puller and rigid frame models, and are built to support refrigeration units. Hyzon trucks are expected to be assembled at Hyzon’s European plant in the Groningen region in the Netherlands, where orders have already been confirmed for deliveries of Hyzon brand commercial vehicles to several countries around the world.
The partnership marks an important milestone, as MPREIS is doing its part to support the transition to a zero emissions society. In addition to installing charging stations for electric vehicles at many of its 300 or so locations and establishing JuVe, MPREIS is currently building its own hydrogen production plant near Innsbruck, Austria, as well as its own network of hydrogen refueling stations. In particular, MPREIS will use hydropower to produce green hydrogen, thus creating a fully renewable energy ecosystem.
The companies also signed a letter of intent to collaborate on the H2Alpin feasibility study. The study seeks to demonstrate that fuel cell electric vehicles are suitable for the demands of alpine mobility, including steep slopes and extreme weather conditions. The results, including ecological and life cycle analyzes, should inform future applications of passenger and commercial hydrogen transportation in the harshest environments. Hyzon successfully completed similar studies in Australia, demonstrating the suitability of fuel cell electric vehicles in extreme heat conditions and in the presence of very difficult ultrafine dust.
Craig knight, CEO of Hyzon, said: “MPREIS has made an impressive commitment to the green hydrogen economy, and we are proud to partner with them in our common goal of transitioning to a zero emission reality. The MPREIS and Hyzon partnership is yet another piece of evidence that this transition can begin today – the technology, capital and momentum are ready. “
Julia Therese Mölk, MPREIS Board Member, said: “MPREIS prioritizes sustainable products on our store shelves, so ensuring that these products are transported in an environmentally responsible manner is not only a logical extension, but also a central part of our corporate initiatives. We are excited to take action on this initiative today by leveraging the technological advancements provided by Hyzon. “
About Hyzon Motors Inc.
Based at Rochester, New York with American 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 pure-play hydrogen mobility company that focuses exclusively on hydrogen in the commercial vehicle market. Using its proven and proprietary hydrogen fuel cell technology, Hyzon aims to provide zero emission heavy duty trucks and buses to customers of North America, Europe, and around the world. The Company contributes to the growing adoption of hydrogen vehicles through its demonstrated technological advantage, advanced fuel cell performance and history of rapid innovation. Visit www.hyzonmotors.com.
Every day, more than 150,000 people trust the variety of products and prices of MPREIS. The modern grocer operates nearly 300 aesthetic markets in Austria. With its roots in Tyrol, the conscientious family business always evolves in the field of the tension between tradition and innovation. This is reflected both in the offer and in the architecture of the stores. It is important for MPREIS and the more than 6,100 employees to meet the most varied customer requirements with regional products and international trends.
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. All statements, other than statements of present or historical fact included in this press release, including those regarding the proposed acquisition of the Company by Decarbonization Plus Acquisition Corporation (“DCRB”) and the ability of DCRB to complete the transaction and the Company’s agreements with MPREIS, are forward-looking statements. When used in this press release, the words “could”, “should”, “will”, “may”, “believe”, “anticipate”, “intend”, “estimate”, ” expect ”,“ project ”, the negative of these terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions regarding future events and are based on information currently available as to the outcome and timing of future events. Unless otherwise provided by applicable law, DCRB and the Company disclaim any obligation to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. hurry. DCRB and the Company caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of DCRB or the Company, including the risks and uncertainties described in the “” Risk Factors ”of Exhibit 99.3 of DCRB’s current report on Form 8-K filed with the SEC on February 9, 2021, the “Risk Factors” section of DCRB’s preliminary proxy statement on Schedule 14A filed with the SEC on March 17, 2021, as amended on May 14, 2021, and other documents filed by the DCRB from time to time with the SEC. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements.[, such as risks related to the ability to convert non-binding memoranda of understanding into binding orders or sales (including because of the current or prospective financial resources of the counterparties to Hyzon’s non-binding memoranda of understanding and letters of intent), or the ability to identify additional potential customers and convert them to paying customers. Hyzon gives no assurance that Hyzon will achieve its expectations.
Important Information for Investors and Stockholders
In connection with the proposed business combination, DCRB filed a proxy statement and other relevant documents with the SEC. Stockholders and other interested persons are urged to read the proxy statement and any other relevant documents filed with the SEC because they contain important information about DCRB, Hyzon and the proposed business combination. Stockholders may obtain a free copy of the proxy statement, as well as other filings containing information about DCRB, Hyzon and the proposed business combination, without charge, at the SEC’s website located at www.sec.gov.
Participants in the Solicitation
DCRB, Hyzon and their directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from DCRB’s stockholders in respect of the proposed business combination and the other matters set forth in the proxy statement. Information regarding DCRB’s directors and executive officers is available in DCRB’s Annual Report on Form 10-K for the annual period ended December 31, 2020 and under the heading “Information About DCRB” in DCRB’s preliminary proxy statement related to the Proposed Business Combination filed with the SEC on March 17, 2021, as amended on May 14, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is set forth in the proxy statement relating to the proposed business combination.
Hyzon Motors Contacts
For US, Europe and Asia Media:
For Australian media:
+61 421 505 557
SOURCE HYZON engines