Country for PR: United States
Contributor: PR Newswire New York
Saturday, October 10 2020 - 11:02
French broad energy company Total leads strategic investment into HYZON Motors
PARIS and NEW YORK, Oct. 10, 2020 /PRNewswire-AsiaNet/ --

- Hyzon Motors is a global supplier of hydrogen fuel-cell powered commercial 
vehicles, including heavy duty trucks, buses and coaches 

- Investment will support Hyzon's manufacturing and engineering centers in 
Honeoye Falls (New York), Groningen (Netherlands) and Shanghai (China)

Hydrogen mobility and clean energy company, HYZON Motors, and Total Carbon 
Neutrality Ventures, the venture capital arm of European energy giant Total SE 
today announced a strategic investment led by Total and other specialist 
hydrogen investors. As part of Total's ambition to get to net-zero emissions by 
2050 together with society, Total Carbon Neutrality Ventures is focused on 
finding, funding and fostering technology and solutions that contribute to 
creating a low carbon future. 

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HYZON Motors is a global supplier of hydrogen fuel cell-powered commercial 
vehicles, including heavy duty trucks, buses and coaches. Established as a 
spin-off from Singapore-headquartered Horizon Fuel Cell Technologies Pte Ltd, 
Hyzon commercializes Horizon's 17 years of hydrogen technology development for 
applications in the transportation sector. 

Earlier this year, Hyzon expanded existing operations by opening its new US 
headquarters and Engineering Center at the former General Motors fuel cell 
facility in Honeoye Falls, New York. Hyzon also launched its European 
operations in the Dutch city of Groningen with JV partner Holthausen Clean 

With production facilities in North America, Europe and Asia, Hyzon expects to 
deliver around 5,000 fuel cell trucks and buses over the next three years. By 
2025, Hyzon's expected turn-key capacity will be more than 40,000 fuel cell 
vehicles annually. 

Craig Knight, CEO and Co-Founder of HYZON Motors, commented: 

"Over the past 17 years, the HYZON founding team have been fully focused on 
developing our own proton-exchange membrane (PEM) fuel cell technology, the 
'engine' of any hydrogen-powered vehicle, with the aim of producing the world's 
most advanced fuel cell and the world's most powerful yet cleanest heavy 
vehicles. While we already have around 400 buses and trucks on the road with 
our fuel cells today, the global appetite for zero-emission heavy vehicles has 
grown significantly and Hyzon is now ramping operations to meet this demand. 

"Building out hydrogen mobility technology and assets is a long game and 
requires significant partnerships. This is why we are pleased to welcome today 
our new investors and their support for accelerating the energy transition in 
mobility. In particular, we are delighted to welcome global energy company 
Total, a leader in the energy transition. As an investor and strategic partner, 
their experience, technology and infrastructure to supply clean energy, 
including hydrogen, around the world will be important to the success of 

Girish Nadkarni, Chief Executive Officer at Total Carbon Neutrality Ventures, 

"Total Carbon Neutrality Ventures invests in early stage companies which 
support Total's ambition to get to net-zero emissions by 2050, together with 
society. Its investments allow us to expand the reach of our low carbon- 
businesses beyond our own borders.

"About a decade ago, Total has set up the H2 Mobility joint venture, alongside 
other industry partners, to develop the hydrogen mobility ecosystem. Since 
then, we have developed several H2-related mobility projects, mainly in Europe. 
Building on this experience, Total is now moving forward in decarbonizing not 
only mobility -and notably heavy-duty transport- but also industry and energy.

"We are pleased to partner with Hyzon, one of the leading suppliers of hydrogen 
fuel-cell powered commercial vehicles and look forward to working closely with 
them as they expand their operations around the world."  

Other investors in this round include Ascent Hydrogen Fund, Hydrogen Capital 
Partners and Audacy Ventures Ltd. 

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About HYZON Motors Inc (
HYZON Motors Inc is a US-headquartered hydrogen vehicle company on a mission to 
help operators of heavy vehicles transition to cost effective, zero emission, 
sustainable operations. HYZON achieves this by offering attractive economics 
with no compromise on performance. 

HYZON has made significant commercial progress in Europe, Asia and Australia. 
The company anticipates its novel zero emission mobility model will expand in 
global markets over the next few years.

About Total ( 
Total is a broad energy company that produces and markets fuels, natural gas 
and low-carbon electricity. Our 100,000 employees are committed to better 
energy that is more affordable, more reliable, cleaner and accessible to as 
many people as possible. Active in more than 130 countries, our ambition is to 
become the responsible energy major.

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    For corporate enquiries please contact:
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