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Through Transform Material’s proprietary technology, these facilities (acting as hubs) can be built to produce hydrogen efficiently—even at small scales of 1-5 tons/day—offering modular construction that allows capacity to grow as customer demand increases. Transform’s technology to be employed in these projects produces hydrogen as a co-product with acetylene, providing significantly advantaged hydrogen cost structures.
“Hyzon believes the key to decarbonizing transport in the near-term requires overcoming the hydrogen infrastructure challenges,” said
Additionally, Transform’s technology can generate carbon solids such as acetylene black or graphene, providing for useful carbon capture while yielding significantly negative carbon-intensity products, particularly when utilizing biogas as the feedstock. Hyzon will evaluate opportunities to utilize the carbon solids Transform produces in Hyzon truck materials, such as battery and carbon fiber production, offering further circular economy opportunities in Hyzon’s operations.
Pursuant to the MoU, Hyzon and Transform will seek to align hydrogen production with the accelerating demand created by Hyzon’s heavy-duty vehicles. Hubs would be located and sized to fulfill existing and potential customer needs, leading to high utilization by Hyzon’s back-to-base vehicle deployments. Transform Materials’ clean plasma technology can convert methane into hydrogen and acetylene without the CO2 emissions that result from traditional processes for generating hydrogen and acetylene. Utilizing this flexible, readily available feedstock without emitting CO2 results in low-to-negative carbon intensity hydrogen for powering Hyzon’s zero-emissions vehicles.
“Transform Materials offers a sustainable alternative for utilizing traditional hydrocarbon feedstocks such as natural gas and biogas,” said
Under the MoU, the companies plan to explore sites in the US,
About Hyzon
Hyzon is a global leader in fuel cell electric mobility, with US operations in the
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This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, 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 such 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 about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyzon disclaims any duty 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. Hyzon cautions 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 Hyzon, such as risks related to the ability to convert this non-binding memorandum of understanding into a binding definitive agreement, and the successful implementation of the hubs utilizing Transform’s technology. Other risks include those risks and uncertainties described in the “Risk Factors” section of Hyzon’s definitive proxy statement on Schedule 14A filed with the
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