Hyzon to launch fuel cell truck leasing service in Europe
Hyzon Motors, the US developer of H2 commercial vehicles, has launched a leasing service for heavy-duty fuel cell trucks for EU customers. The company says it aims to reach parity with diesel trucks in terms of the total cost of ownership.
According to the company, fleet leasing will be a holistic offering that includes hydrogen, insurance services, and service and maintenance for Hyzon tractors and vehicles. However, Hyzon does not give details on the costs in the announcement.
Hyzon founded a European subsidiary last year and plans to deliver “hundreds of heavy-duty fuel cell vehicles” in Europe by the end of 2021. Hyzon wants to give interested customers in Europe simplified access to its vehicles through the new leasing offer.
“We are excited to be able to offer this leasing service to our customers in Europe and to support fleet operators in making the switch to hydrogen,” says Hyzon CEO Craig Knight. “This leasing service aims to offer the quickest possible pathway for our customers to make the transition to zero-emission hydrogen fuel cell-powered heavy vehicles that can go toe-to-toe with diesel engines on both costs and refuelling time.”
Hyzon Sets Ambition to Achieve TCO Parity in Europe
The company also announced that it aims to be among the first companies to supply customers with a hydrogen fuel cell truck at total cost of ownership (TCO) parity with diesel-powered commercial vehicles in Europe. Hyzon expects to achieve TCO parity through its alliance with multiple hydrogen infrastructure partners.
The company runs a subsidiary in Groningen. In the Netherlands, as in the US, Hyzon will carry out the production with a partner. Holthausen Clean Technology will build the Hyzon trucks based on DAF’s XF Space Cab semitrailer tractor. There is not much information on the spec but previously published pictures of the Hyzon truck for Europe show the DAF model with a slightly modified front and large Hyzon lettering. The Hyzon truck is expected to be on the market in six to eight months. Hyzon Motors Europe plans to deliver “hundreds of heavy fuel cell vehicles” by the end of 2021.
Hyzon Motors is based in Delaware as the US east coast but is a spin-off of the fuel cell manufacturer Horizon Fuel Cell from Singapore.
Additional reporting by Nora Manthey.