Hyzon Motors reports 2023 vehicle and fuel cell milestones

Hyzon Motors announced business updates reflecting achievement of 2023 commercial and operational milestones. CEO Parker Meeks said, “We deployed 19 FCEVs over three continents, including our first U.S. deliveries, and advanced our industry-leading, single-stack 200kW fuel cell technology from B- to C-sample development. Paired with continued advancement of U.S. and international government investment in the hydrogen ecosystem, we expect significant achievements in 2024, including Start of Production for our 200kW fuel cell system, delivering the first 200kW FCEVs into trial, and advancing our fuel cell vehicle product offering.” As of December 31, 2023, Hyzon had deployed 19 vehicles under commercial agreements to customers in 2023, meeting its annual guidance of 15-20 vehicles. Hyzon advanced the commercialization of its single stack 200kW fuel cell system of 25 200kW FCS B-samples, meeting its operational milestones for the second half of 2023. Hyzon now begins its 200kW FCS C-sample development phase. Start Of Production is on track for the second half of 2024. For its fuel cell production facility in the U.S. – Bolingbrook, Ill. -, with less than $5M in remaining capital investments expected to reach SOP, the facility is projected to have initial annual capacity for over 700 200kW FCSs.