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Hydra Energy Signs 8 New Heavy-Duty Truck Fleet Offtakers for World’s Largest Hydrogen Refuelling Station March 24, 2023
Hydra Energy signs 8 new heavy-duty truck fleet offtakers for world’s largest hydrogen refuelling station. Surpasses initial sign-up goal with over 80 vehicles now under detailed Hydrogen-as-a-Service customer MOUs to be converted using Hydra’s hydrogen-diesel, retrofit technology Hydrogen-as-a-Service™ (HaaS™) trucking pioneer, Hydra Energy, achieved another significant milestone in its Prince George, British Columbia project rollout by signing detailed MOUs with eight new commercial truck fleets in the region. This represents 82 Class 8 trucks to be retrofitted using Hydra’s proprietary hydrogen-diesel, co-combustion conversion technology. Once converted by Hydra installation partner, First Truck Centre, these trucks will refuel at the world’s largest hydrogen refuelling station Hydra is currently building in Prince George to be operational in 2024 which leverages green hydrogen produced on site by two 5-megawatt electrolysers powered with hydroelectricity. These new fleet commitments and supporting hydrogen infrastructure from Hydra will make this the largest commercial deployment of hydrogen-diesel co-combustion transportation vehicles in the world as Hydra continues to fast track emissions reductions in the hard-to-abate trucking sector. Jessica Verhagen, Hydra Energy CEO, said:
“We’re pleased to surpass this target with the signing of these eight fleets highlighting the continued interest in hydrogen trucking and the benefits it delivers for fleets of all sizes, even with heavy payloads in challenging weather and road conditions like those found in Northern B.C.” “Securing immediate offtakers for our station’s low-carbon hydrogen is another critical piece in our Prince George HaaS blueprint illustrating to potential investors and licensees how hydrogen supply and demand can profitably come together. We look forward to working with First Truck Centre to start converting these trucks about six months prior to our station’s opening and to continuing to work with the City of Prince George as the flagship stop in the Western Canadian Hydrogen Corridor we’re building between the B.C. Coast and Edmonton.” The eight companies who have signed MOUs represent a range of fleet sizes and types of heavy-duty trucks highlighting the cost effectiveness of Hydra’s HaaS business model and the platform agnostic nature of the company’s dual-fuel conversion technology. For example, Arrow Transportation Systems is a leader in bulk commodity hauling, reload operations, and freight management serving North America and according to Jacob Adams, their Manager of Optimization and Sustainability, “is excited about the potential opportunity to collaborate with Hydra on hydrogen-converted trucks.” Annie Horning, CEO of Excel Transportation, a Prince George-based transport and logistic service company for the forestry industry who also signed an MOU:
“Hydra allows us to make a positive difference sooner than later while eliminating our range anxiety concerns that could impact our service reliability.” Ilya Radetski, Hydra’s Service Delivery Lead, elaborated:
“Enterprises, Burke Purdon Enterprises, Godsoe Contracting, Keis Trucking, and Peace Valley Industries who all service the Prince George and Northern B.C. region. We also continue to have ongoing discussions with additional local fleets who are keen to explore how hydrogen can benefit them. These contracted offtakers now complete the final piece of our initial HaaS regional model which, as mentioned, also includes an installation partner, hydrogen production, and then the hydrogen refuelling station.” “This forms an easily reproducible template for licensing companies along the hydrogen value chain who want to see their hydrogen supply or infrastructure come to market at scale in the most profitable way possible, in Canada and beyond.” Simon Yu, Prince George Mayor, said:
“Their technology can work in the cold and doesn’t affect payload or power. We continue to watch their exciting progress locally and support their efforts in helping Prince George diversify its economy and improve air quality.” Hydra Energy Signs 8 New Heavy-Duty Truck Fleet Offtakers for World’s Largest Hydrogen Refuelling Station, March 22, 2023
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