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Stock impact report

HYZON AND NEW WAY TRUCKS TO DEVELOP HYDROGEN FUEL CELL REFUSE TRUCK [Yahoo! Finance]

Hyzon Motors Inc. - Class A (HYZN) 
Company Research Source: Yahoo! Finance
BOLINGBROOK, Ill. Feb. 6, 2024 /PRNewswire/ -- Hyzon Motors Inc. (Hyzon) (NASDAQ: HYZN), a leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), and privately held New Way Trucks (New Way), today announced a Joint Development Agreement (JDA) to develop a fuel cell powered refuse vehicle for the North American market. "Zero emission hydrogen fuel cell technology is the key to reducing emissions from many hard-to-abate industries, including refuse collection," said Hyzon Chief Executive Officer Parker Meeks . "Hyzon is primed to begin this partnership with New Way as we pursue a shared goal of decarbonizing the refuse industry. The operational capabilities of our Australian fuel cell refuse collection truck trial helped demonstrate that hydrogen fuel cell technology is a viable replacement for traditional diesel engines when it comes to heavy industry, and overcomes some of the inherent challenges identifi Show less Read more
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