Hyzon Motors ammends intellectual property agreement with Horizon

Hyzon Motors announced an amendment to its Intellectual Property agreement with affiliates of Horizon, Hyzon’s majority controlling shareholder and an advanced hydrogen fuel cell solutions company. Under the amendment, Hyzon expands its market access to stationary fuel cell power applications in North America, in addition to its existing access to global fuel cell mobility markets. Stationary fuel cells provide a zero-emission alternative to diesel power generation units used in primary, backup, and off-grid applications. Hyzon is targeting its existing fuel cell IP, production technology, and manufacturing facilities to commercialize stationary products, including near-term demand in end-use applications such as data centers, the entertainment industry, battery electric vehicle charging and remote industrial power needs. The amendment also covers the option for Hyzon and Horizon to pursue joint development of a single stack 300kW fuel cell system, which Hyzon previously announced as part of its product roadmap. Additionally, Hyzon retains rights to the data Horizon gathers across various fuel cell use cases, which is expected to accelerate both companies’ real world learnings including around FCEV performance optimization and durability through this collaboration. As amended, the IP agreement will remain in effect until September 2030.