RLE 0.00% 9.0¢ real energy corporation limited

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    Real Energy soars on deal with Hyzon Motors to build hydrogen refuelling chainHydrogen fuelled vehicle company Hyzon Motors has teamed up with ASX-listed Pure Energy for commercial projects. Image: Hyzon MotorsSHARENetwork of hydrogen refuelling stations planned for Australia‘We see Australia as a key market for the integration of hydrogen power technology into hard-to-abate sectors such as heavy transportation’Hydrogen industry’s growth in Australia is supported by the government under its National Hydrogen Strategy Pure Hydrogen Corporation – a division of ASX-listed Real Energy (ASX:RLE) – has teamed up with US-based Hyzon Motors to develop a chain of hydrogen refuelling stations in Australia.The companies have signed a memorandum of understanding (MoU) to work together to provide hydrogen solutions to customers in Australia such as the provision of Hyzon Motor’s hydrogen powered commercial vehicles and building a network of refuelling stations for hydrogen in Australia.“This MoU with such an established and respected hydrogen fuel cell vehicle company like Hyzon is an outstanding development and excellent validation of our plans to develop a hydrogen focused energy business in Australia,” said Pure Hydrogen managing director, Scott Brown.He added that the company has a number of other hydrogen-based initiatives underway as part of its growing Pure Hydrogen business. National Hydrogen Strategy supporting sector’s growthHydrogen is fast becoming a green energy fuel because of its lack of carbon emissions as governments around the world support the transition from fossil fuels to cleaner transportation technology such as EVs and hydrogen vehicles.The Australian government is advancing various hydrogen projects through its National Hydrogen Strategy which aims to promote hydrogen as a mainstream technology by 2030.“We see Australia as a key market for the integration of hydrogen power technology into hard-to-abate sectors such as heavy transportation,” said Hyzon Motors Australia director, John Feenan.Hyzon Motors is a US company whose business strategy is to help heavy vehicle operators transition to cost effective, zero emission hydrogen fuelled vehicles without any compromise on performance.“The MoU with Pure Hydrogen paves the way for both parties to boost the hydrogen infrastructure capabilities of Australia and propel the nation’s fleet operators towards a zero-emissions future,” he said. Hyzon Motors only formed in 2020Hyzon Motors has made significant commercial progress in markets in Asia, Europe and Australia and expects to further expand its zero emission mobility business model over the next few years.The New York-based company was only formed last year within parent company Horizon Fuel Cell Technologies and supplies hydrogen fuel cell-powered commercial vehicles including buses, coaches and heavy duty trucks.Australian customers will be able to hire Hyzon Motor’s commercial vehicles on a monthly basis in a package deal that includes the vehicle’s cost, services and hydrogen fuel.Real Energy is an Australian energy company with interests in the offshore Cooper petroleum basin and Queensland’s Surat basin where it has a partnership with Strata X Energy (ASX:SXA) for a coal seam gas project.The ASX company is seeking to develop a hydrogen business in Australia, and its 100 per cent owned subsidiary Pure Hydrogen is working with Hyzon Motors to offer hydrogen fuelled vehicles to Australian customers.
    Last edited by Christian Dyor: 12/01/21
 
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