Pure Hydrogen is progressing its hydrogen ambitions with first revenues from emissions free vehicles, page-2

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PH2’s first revenues from emissions free cell vehicles expected this monthSignificant pipeline of HFC truck orders in place should vehicle trials be successfulGreen hydrogen micro-hub strategy also being progressedTurquoise hydrogen demonstration plant expected to start production in April Special Report: 2024 is shaping up to be a watershed year for Pure Hydrogen’s clean energy transportation business with 60%-owned subsidiary H-Drive International poised to receive first revenue this month.The company had acquired the stake in H-Drive in July 2023 to better position itself in the hydrogen sector as inroads are made into heavy and commercial transport.It has developed a range of hydrogen fuel cell powered vehicles including a refuse truck, a heavy truck and a low floor city bus, as well as its battery electric commercial vehicles which have attracted considerable attention in the form of trials and initial orders.H-Drive also has the capacity to assemble up to 200 vehicles a month, granting Pure Hydrogen (ASXH2) with the ability to meet significant sales volumes if needed. Sales orders already in placeH-Drive already has three six-month trial commitments, as well as eight firm vehicle orders for delivery this year.It also has a significant pipeline for further sales with >100 truck options subject to successful trials.Notable examples are the US$1.22 million purchase order to supply a 6X4 50t prime mover and 54-seater coach to California-based Nutcher Hydrogen in CY2024 and the refuse truck trials with JJ Richards and Solo, both of which are large waste management groups in Australia.The vehicles that will be supplied to Nutcher – a specialist heavy vehicle dealership – will initially be used as demonstration vehicles which could allow PH2 to break into one of the world’s largest addressable markets.