- TC Energy Corporation (TRP) and Hyzon Motors Inc. are collaborating on the development, construction, operation, and ownership of hydrogen production facilities across North America
- The companies will evaluate sites across the US and Canada to develop hydrogen production facilities (hubs) with the goal of hydrogen delivery to fuel heavy-duty vehicles
- The facilities will be located close to market demand, supporting Hyzon’s back-to-base vehicle deployments
- TC Energy will operate the hubs, supply the power, and gas commodities, and provide asset development, management services, and power and gas sales marketing
- Currently, Hyzon and TC Energy are evaluating near-term potential hydrogen hub production sites in several states, tied to prospective fleet customer deployments
- TC Energy Corporation (TRP) is down 0.581 per cent and is trading at $62.465 per share at 3:35 p.m. ET
TC Energy Corporation (TRP) and Hyzon Motors will collaborate on the development and ownership of hydrogen production facilities across North America.
Under the collaboration agreement, the companies will evaluate sites across the US and Canada to develop hydrogen production facilities (hubs) with the goal of hydrogen delivery to fuel heavy-duty vehicles.
Locations near existing and potential customer demand will be the priority.
TC Energy will operate the hubs, supply the power, and gas commodities, and provide asset development, management services, and power and gas sales marketing.
The hydrogen production facilities will be used to meet hydrogen fuel cell electric vehicle demand by focusing on low-to-negative carbon intensity hydrogen from renewable natural gas, biogas and other sustainable sources.
The facilities will be located close to market demand, supporting Hyzon’s back-to-base vehicle deployments.
Utilizing existing partnerships with modular hydrogen technology partners (like Raven SR and ReCarbon) TC Energy and Hyzon look to site hydrogen hubs to serve Hyzon fleet deployments, enabling unique speed to market for low-cost, low-to-negative carbon intensity hydrogen infrastructure development.
This also corresponds with TC Energy’s renewable natural gas interconnections and pipeline network.
Currently, Hyzon and TC Energy are evaluating near-term potential hydrogen hub production sites in several states, tied to prospective fleet customer deployments.
In addition to Hyzon vehicle customers, the partnership will jointly market third-party hydrogen volumes to industrial sectors, power generation and energy distribution.
TC Energy Corporation (TRP) is down 0.581 per cent and is trading at $62.465 per share at 3:35 p.m. ET.