Company:Hyzon Motors
 | |
| Type | Public |
|---|---|
| NASDAQ: HYZN | |
| Industry | Automotive |
| Founded | March 2020 as spin off from Horizon Fuel Cell Technologies, founded in 2003[1] |
| Headquarters | Rochester, New York , United States |
Key people | |
| Products | Hydrogen vehicle, heavy duty truck, Medium duty truck, bus, fuel cell systems |
| Website | hyzonmotors |
Hyzon Motors Inc. was an American automotive company based in Rochester, New York. Hyzon developed and manufactured hydrogen fuel cell systems and supplied zero-emission heavy-duty fuel cell electric vehicles. It had offices in the United States, the Netherlands, Australia, and China.[2] Hyzon began being publicly traded through a SPAC merger in 2021, which was expected to raise about $626 million for the company.[3] Hyzon delivered 87 fuel cell heavy trucks in 2021.[4] Hyzon issued a notice in December 2024 that it is unable to continue its operations, and began dissolving the company.[5] Horizon Fuel Cell Group has acquired the intellectual property of Hyzon Motors to resume serving Hyzon’s hydrogen vehicle customers and to strengthen its position in the global hydrogen heavy-duty truck market.[6]
Operations
Hyzon Motors was founded in 2020 as a spin-off of Singapore-based Horizon Fuel Cell Technologies, which was founded in 2003 with a focus on developing fuel-cell-powered trucks and buses.[7]
In 2021, Hyzon Motors went public with a SPAC merger with Decarbonization Plus Acquisition Corporation.[8]
In June 2022, Hyzon received its zero-emission certification from the California Air Resources Board for its Class 8, 7, and 6 Repowers. That same month Hyzon announced a collaboration with oil field services company Schlumberger Limited, aiming to reduce emissions in upstream oil and gas operations through the use of high-power fuel cells.[9]
Parker Meeks was appointed President and interim CEO in August 2022, and CEO in March 2023.[10]
In November 2023, Hyzon completed its first commercial journey to Texas with its liquid hydrogen truck.[11] In June 2023, Hyzon partnered with Performance Food Group to deliver 5 fuel-cell electric vehicles fitted with Hyzon Class 8 110kW fuel cell systems. Additional vehicles will be fitted with Hyzon’s next-generation single 200kW fuel cell system.[12]
Hyzon Montors launched in 2024 a hydrogen-powered garbage truck.[13]
Hyzon issued a notice in December 2024 that it is unable to continue its operations, and began dissolving the company.[5]
On 2025, Horizon Fuel Cell Technologies continues to develop hydrogen technologies and has recently acquired Hyzon's intellectual property to support its hydrogen vehicle customers.[14]
See also
References
- ↑ "Hyzon Motors' hydrogen fuel ambitions include two US factories". 2 March 2021. https://techcrunch.com/2021/03/01/hyzon-motors-hydrogen-fuel-ambitions-include-two-us-factories/amp/.
- ↑ "www.hyzonmotors.com about". https://hyzonmotors.com/about/#overview.
- ↑ Fuel-cell truck maker Hyzon to go public via $2.7 billion SPAC deal, February 9, 2021, https://www.reuters.com/article/world/americas/fuel-cell-truck-maker-hyzon-to-go-public-via-27-billion-spac-deal-idUSKBN2A91FA/
- ↑ "Hyzon Motors, a new player in the hydrogen bus field. A MOU for 1,000 vehicles announced" (in en-US). 2020-04-05. https://www.sustainable-bus.com/news/hyzon-motors-new-player-in-the-hydrogen-bus-field-a-mou-for-1000-vehicles-announced/.
- ↑ 5.0 5.1 Hyzon to wind down operations, December 23, 2024, https://www.trucknews.com/sustainability/hyzon-to-wind-down-operations/1003192433/
- ↑ "Horizon Fuel Cell Acquires Hydrogen Vehicle IP of Hyzon Motors to serve Global Markets". https://hydrogenwire.com/2025/08/07/horizon-fuel-cell-acquires-hydrogen-vehicle-ip-of-hyzon-motors-to-serve-global-markets/.
- ↑ "Hyzon Ousts CEO in Wake of Delisting Fears". https://www.truckinginfo.com/10179252/hyzon-ousts-ceo-in-wake-of-delisting-fears.
- ↑ "Fuel-Cell Truck Startup Hyzon Agrees to Merge With Decarbonization Plus SPAC". 5 February 2021. https://www.bloomberg.com/news/articles/2021-02-05/hyzon-said-to-agree-merger-ipo-with-decarbonization-plus-spac.
- ↑ "Hyzon Motors enters high power fuel cells partnership with Schlumberger". 28 June 2022. https://www.hydrogenfuelnews.com/high-power-fuel-cells-hyzon/8553305/.
- ↑ "Hyzon replaces Knight, CEO and cofounder". 19 August 2022. https://rochesterbeacon.com/2022/08/19/hyzon-replaces-knight-ceo-and-cofounder/.
- ↑ "Hyzon Nails Milestone in Texas with Its Liquid Hydrogen Truck - H2 News". 10 November 2023. https://www.hydrogenfuelnews.com/liquid-hydrogen-truck-texas/8561612/.
- ↑ "Hyzon Motors to supply PFG with hydrogen fuel cell trucks". 13 June 2023. https://www.thebuzzevnews.com/hyzon-motors-pfg-hydrogen-trucks/.
- ↑ "Hydrogen Garbage Trucks - the Key to Decarbonizing a Hard-to-abate Industry in North America- H2 News". 12 February 2024. https://www.hydrogenfuelnews.com/hydrogen-garbage-trucks-hyzon/8562944/.
- ↑ "Horizon Fuel Cell acquires Hyzon's hydrogen truck IP". https://www.h2-view.com/story/horizon-fuel-cell-acquires-hyzons-hydrogen-truck-ip/2130554.article/.
External links
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