Today, Rochester-based and leading supplier of hydrogen fuel cell-powered trucks, Hyzon Motors Inc., announced it signed a memorandum of understanding (MoU) with TotalEnergies; particularly, through the company’s Marketing & Services division.
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Accordingly, this MoU will reinforce the two companies’ commitment to evaluate and develop hydrogen refueling and vehicle supply solutions; specifically, for long-haul transport to customers across Europe.
About the MoU
Thus, Hyzon and TotalEnergies are working together to make it easier for fleet owners to transition to renewable hydrogen fuel. In this way, both companies are combining their existing infrastructure and technology.
Accordingly, TotalEnergies, which currently operates over 15,500 service stations globally, and Hyzon, already have hydrogen refueling stations and hydrogen-powered vehicles in operation, respectively.
Moreover, this MoU strengthens the existing commercial relationship between two strategic parties, the companies noted in a media release. For instance, between one of the world’s largest energy companies and a leading supplier of commercial hydrogen vehicles.
Previous agreements
Indeed, TotalEnergies made a previously made direct investment in Hyzon through its venture arm, TotalEnergies Ventures in 2020. At that time, the investment helped fund the buildout of Hyzon’s manufacturing and engineering centers in the US, Europe, and China.
Similarly, TotalEnergies is also a member of the Hyzon Zero Carbon Alliance. Accordingly, this consortium is dedicated to accelerating the global development of the hydrogen ecosystem.
Therefore, this preliminary agreement with French TotalEnergies will help Hyzon Motors to explore hydrogen supplies for the European transportation sector. Further, both sides said in a media release is that part of the objective is to facilitate the trucking fleet’s energy transition.
It is worth noting that this company changed its name from Total recently to align with broad-based shifts in energy usage and development. Hence, this additional MOU covering the French market will target the production of 80 hydrogen-fuel-powered trucks for the customers of TotalEnergies. Lastly, those vehicles could be secured by 2023.
Reception at TotalEnergies and Hyzon
In this sense, John Wilson, the vice president for the gas marketing and services division of the French company, said; “To achieve our climate ambition of net-zero emissions by 2050, together with society, hydrogen fuel cell-powered trucks must come to market. Hence, we are therefore excited about this partnership with Hyzon.”
Besides, Wilson added; “At TotalEnergies, we are convinced that hydrogen is a mobility solution of the future. That is why TotalEnergies Ventures previously invested in Hyzon Motors.
On the other hand, Craig Knight, CEO of Hyzon, said; “It’s rare to find a company as committed to the energy transition as Hyzon – but we’ve found that in TotalEnergies. While this is another important development in our relationship, we don’t expect it to be the last.”
Indeed, he added, “hydrogen will play a significant role in decarbonizing transport; so, we look forward to working with one of the world’s leading energy companies; particularly, to deploy hydrogen solutions at scale across Europe. In fact, their relationships, customer base, and current infrastructure are a huge asset; particularly, as we aim to make it as easy as possible for fleet owners to make the switch to hydrogen.”
