Hyzon Motors Inc. (NASDAQ: HYZN), a leading supplier of hydrogen-powered fuel cell electric vehicles, and Woodside Energy (ASX: WPL), today announced an agreement to collaborate on developing supply of zero-carbon intensity hydrogen and building demand from medium- and heavy-duty commercial vehicle customers in the United States and Australia.
Under the agreement, the companies will evaluate opportunities to develop green hydrogen production facilities (hubs). Initially, the project will focus on liquid hydrogen supply projects to support Hyzon’s future liquid hydrogen onboard mobility use cases – including ultra-long-range trucks already under development, and aviation, marine and rail applications.
“By partnering with Woodside to develop liquid hydrogen supply, Hyzon furthers its goal of decarbonizing heavy transport by reducing the infrastructure development requirements which currently hinder long-range trucks from converting to hydrogen,” said Parker Meeks, Hyzon’s Chief Strategy Officer. “This is particularly relevant for the Australian market, where freight corridors face especially long distances between refueling, as well as for coast-to-coast trucking in the US.”
The hydrogen hubs will be developed and located to serve existing and potential demand for Hyzon ultra-long-range trucks and future high energy usage mobility use cases, thus creating a highly utilized and efficient hydrogen ecosystem. The companies will collaborate in assessing and developing customer demand for fleet conversions, in addition to usage in Woodside and its affiliates’ operations internationally.
For Woodside, Australia’s leading natural gas producer, the partnership with Hyzon supports its strategy to complement its established LNG business with new energy projects that are cost-competitive and scalable with customer demand. Woodside has announced plans to establish a hydrogen production facility in Oklahoma and is progressing land acquisition opportunities aligned to growth markets in the US. Hyzon supports this development by providing access to hydrogen off-take through its heavy-duty vehicle customers.
“Our collaboration with Hyzon supports Woodside’s strategy to develop lower-carbon energy products and services alongside our existing portfolio of energy assets,” said Shaun Gregory, Woodside Executive Vice President Sustainability. “We expect to see large-scale hydrogen production internationally by 2030, and Woodside intends to play a role in this emerging global industry.”
Both companies are members of the Hyzon Zero Carbon Alliance, an initiative of leading companies working to accelerate hydrogen-powered mobility worldwide. The Alliance, which includes members such as TotalEnergies, Bank of America, and Ark Energy (a subsidiary of Korea Zinc), brings together active participants along the hydrogen-value chain – from production to technology development, from innovation to investment.