PriceSensitive

First Hydrogen (TSXV:FHYD) subsidiary joins major fleet consortium

Transport
TSXV:FHYD
25 July 2022 14:45 (EDT)

Source: First Hydrogen

First Hydrogen’s (FHYD) subsidiary, First Hydrogen Limited, has joined the UK Aggregated Hydrogen Freight Consortium (AHFC).

The consortium brings together operators of the largest UK fleets of vans and trucks and predominant members of the hydrogen industry. It includes hydrogen producers, hydrogen state suppliers and vehicle manufacturers.

The AHFC is led by Element Energy, and its members include Air Products, Anglo American, Hyundai, Toyota and BOC (a member of The Linde Group). The consortium works together with large UK fleet operators to accelerate the commercial rollout of fuel cell vans and trucks and hydrogen refuelling infrastructure.

First Hydrogen has already received expressed interest from ten fleet operators to trial the company’s two demonstrator hydrogen fuel cell-powered light commercial vehicles. The fleet trials will operate across multiple UK locations from West London, Birmingham and Sheffield to Tees Valley and Aberdeen. The fleet trials will allow operators to access the real-world operations, experience range and operational flexibility benefits of hydrogen.

The testing and on-road commissioning of the demonstrator vehicles will take place later this month in the UK. The commissioning integrates two MAN eTGE vehicles with Ballard Power System’s Fcgen-LCS hydrogen fuel cell. The company expects the vehicles to be road-ready in Q4 2022. This will allow customer real-world usage trials to start in early 2023.

First Hydrogen focuses on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems.

First Hydrogen Corp. (FHYD) is down 5.66 per cent, trading at C$2.50 per share at 2:22 pm ET.


Related News