<p>Hyzon announced the signing of a Memorandum of Understanding with ITOCHU, the leading Japanese business group. Under the non-binding MoU, the companies are expected to jointly develop hydrogen supply chain strategies as well as model customer projects for the deployment of Hyzon fuel cell vehicles and fuel cell technology in the mining sector. The collaboration marries the companies’ complementary expertise: ITOCHU brings long-standing relationships with mining companies globally, while Hyzon provides extensive experience developing and deploying fuel cell electric vehicles and hydrogen solutions for large commercial vehicles and industrial equipment. In doing so, the companies address the entire hydrogen value chain, a crucial step in promoting near-term hydrogen developments.</p><p>Initially, the companies expect to develop a strategy to approach the mining sector, highlighting Hyzon’s FCEV capabilities. The intent is then to implement model customer projects in the near term, with a long-term business collaboration to be developed once the market approach has been optimized and market potential has been validated.</p><p>Within the mining sector, the companies will pursue opportunities in several verticals, including steel making, metal smelting, and refining. Hyzon has previously announced definitive orders for coaches and heavy trucks to be deployed in the Australian mining sector.</p>
<p>Hyzon announced the signing of a Memorandum of Understanding with ITOCHU, the leading Japanese business group. Under the non-binding MoU, the companies are expected to jointly develop hydrogen supply chain strategies as well as model customer projects for the deployment of Hyzon fuel cell vehicles and fuel cell technology in the mining sector. The collaboration marries the companies’ complementary expertise: ITOCHU brings long-standing relationships with mining companies globally, while Hyzon provides extensive experience developing and deploying fuel cell electric vehicles and hydrogen solutions for large commercial vehicles and industrial equipment. In doing so, the companies address the entire hydrogen value chain, a crucial step in promoting near-term hydrogen developments.</p><p>Initially, the companies expect to develop a strategy to approach the mining sector, highlighting Hyzon’s FCEV capabilities. The intent is then to implement model customer projects in the near term, with a long-term business collaboration to be developed once the market approach has been optimized and market potential has been validated.</p><p>Within the mining sector, the companies will pursue opportunities in several verticals, including steel making, metal smelting, and refining. Hyzon has previously announced definitive orders for coaches and heavy trucks to be deployed in the Australian mining sector.</p>
