Bolingbrook,
Illinois is Now Home to one of the Largest Fully-Integrated
Fuel Cell Production Facilities in the
United States
BOLINGBROOK, Ill., Oct. 8, 2024
/PRNewswire/ -- Hyzon (NASDAQ: HYZN) ("Hyzon" or the
"Company"), a U.S.-based, high-performance, hydrogen fuel cell
system manufacturer and technology developer focused on providing
zero-emission power to decarbonize the most demanding industries,
today announced the Start of Production (SOP) of its revolutionary
single-stack 200kW Fuel Cell System (FCS). This enables Hyzon to
manufacture standardized FCSs at volume for commercial sale,
further accelerating the decarbonization of heavy-duty
industries.
"We are excited to announce the start of production of our
single-stack 200kW fuel cell system on National Hydrogen Fuel Cell
Day," said Hyzon Chief Executive Officer Parker Meeks. "Our Bolingbrook facility is one
of the largest fully-integrated fuel cell systems production
facilities in the United States
and the only 200kW single-stack fuel system to be launched into
serial production, a significant step for zero emission technology
manufacturing in the US. This milestone also represents another
inflection point in our mission to decarbonize heavy-duty
industries. By standardizing and scaling-up production, we can
provide more customers with the high-performance, zero-emission
solutions they need to meet their sustainability goals. As we mark
this achievement on a day that celebrates the potential of hydrogen
fuel cell technology, we're reinforcing our commitment to building
a cleaner, more sustainable future."
At SOP, all necessary conditions for full-scale manufacturing
have been met, allowing Hyzon to transition from building
prototypes to producing standardized units. Fully integrated
manufacturing is a key element to Hyzon's manufacturing strategy
enabling rapid product development, customer responsiveness, and
high power. While most other manufacturers source individual
fuel cells or their components, Hyzon is integrated down to the
design and production of its proprietary Membrane Electrode
Assembly (MEA), the core component of a fuel cell and FCS.
"Our transition to full-scale manufacturing is a major
milestone, as it allows us to move from building prototypes to
producing standardized units at volume – from MEA to complete FCS,"
said Hyzon Chief Technology Officer Dr. Christian Mohrdieck. "With the in-house design,
development, and now manufacturing of our proprietary 7-layer MEA,
we are advancing cutting-edge technology that is crucial to
delivering high-performance, zero-emission solutions. This
achievement underscores Hyzon's technological leadership and our
commitment to innovation in hydrogen fuel cell development and
production."
According to Chief Operating Officer Dr. Bappa Banerjee, the declaration of the SOP
validates Hyzon's ability to produce 700 fuel cell systems per year
over a three-shift operation.
"The systems pass through in-line quality gates that include
laser and optical vision systems and go through rigorous
end-of-line tests to confirm all performance requirements are met,"
Banerjee said. "All of this is done to ensure the performance of
our vehicles meet or exceed the performance of diesel trucks on
routes that include long stretches of steep grades as has been
demonstrated during our customer trials," he added.
Having successfully passed the ISO 9001 audit in September
2024, Hyzon expects to achieve formal ISO 9001 certification
for its fuel cell manufacturing and design/R&D activities in Q4
2024, ensuring its development and production processes meet the
highest international standards for quality management.
This aligns with best practices in technology and automotive
product development and manufacturing. This rigorous process
ensures modifications are only introduced after their maturity and
contribution to performance improvement have been fully validated,
reinforcing Hyzon's commitment to delivering safe,
high-quality, reliable solutions.
The 200kW FCS SOP comes on the heels of the company's
previously announced SOP of its innovative Class 8 200kW Fuel Cell
Electric Truck (FCET), which was declared last month.
Hyzon also joins the nation in celebrating the tenth annual
National Hydrogen and Fuel Cell Day, which commemorates the vast
versatility hydrogen energy and fuel cell technologies offer the
nation to reduce carbon emissions while generating domestic energy,
decarbonize heavy industry, and drive economic growth and
prosperity. National Hydrogen and Fuel Cell Day is observed on
October 8 (10.08), in recognition of
the atomic weight of hydrogen - 1.008.
About Hyzon
Hyzon is a global supplier of
high-performance hydrogen fuel cell technology focused on providing
zero-emission power to decarbonize demanding industries. With
agile, high-power technology designed for heavy-duty applications,
Hyzon is at the center of a new industrial revolution fueled by
hydrogen, an abundant and clean energy source. Hyzon is focusing on
deploying its fuel cell technology in heavy-duty commercial
vehicles in Class 8 and refuse collection vehicles
across North America, as well as new markets such as
stationary power applications. To learn more about how Hyzon
partners across the hydrogen value chain to accelerate the clean
energy transition, visit www.hyzonfuelcell.com.
Forward-Looking Statements
This press release
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
include, but are not limited to, express or implied forward-looking
statements regarding the Company's expectations, hopes, beliefs,
intentions, or strategies for the future. You are cautioned that
such statements are not guarantees of future performance and that
the Company's actual results may differ materially from those set
forth in the forward-looking statements. All of these
forward-looking statements are subject to risks and uncertainties
that may change at any time. Factors that could cause the Company's
actual expectations to differ materially from these forward-looking
statements include the Company's ability improve its capital
structure; its ability to achieve and maintain manufacturing
volume targets; it receiving ISO certification; its liquidity needs
to operate its business and execute its strategy, and related use
of cash; its ability to raise capital through equity issuances,
asset sales or the incurrence of debt; the possibility that Hyzon
may need to seek bankruptcy protection; Hyzon's ability to fully
execute actions and steps that would be probable of mitigating the
existence of substantial doubt regarding its ability to continue as
a going concern; our ability to enter into any desired strategic
alternative on a timely basis, on acceptable terms; our ability to
maintain the listing of our Common Stock on the Nasdaq Capital
Market; retail and credit market conditions; higher cost of capital
and borrowing costs; impairments; changes in general economic
conditions; and the other factors under the heading "Risk Factors"
set forth in the Company's Annual Report on Form 10-K, as
supplemented by the Company's quarterly reports on Form 10-Q and
current reports on Form 8-K. Such filings are available on our
website or at www.sec.gov. You should not place undue
reliance on these forward-looking statements, which are made only
as of the date hereof. The Company undertakes no obligation to
publicly update or revise forward-looking statements to reflect
subsequent developments, events, or circumstances, except as may be
required under applicable securities laws.
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SOURCE Hyzon