Electric Trucks, Hydrogen, Transport News

H2X Global wins contract for hydrogen truck production in Victoria

The company's European subsidiary won a lucrative contract to install its Paroo hydrogen vehicles in the state.

A $33.6 million deal to provide hydrogen-powered Fuel Cell Electric Vehicles for waste management company Renova AB in Gothenburg, Sweden, is a welcome business boost for its parent company based in Sale, Victoria.

H2X Global’s subsidiary H2X Gothenburg AB, won a tender to upgrade the company’s fleet with 18 and 26-tonne hydrogen powered trucks loaded with tail lift dumpers, garbage compactors, hook lifts, and crane loaders.

The contract is the biggest order yet for H2X Global and will move the business forward from the research and development phase to commercialisation and revenue delivery.

H2X Global chief financial officer Michelle Reynolds says the contract comes at an opportune time and coincides with today’s release of a $10 million funding round targeting Australian, European and UK-based investors.

H2X is seeking new funding to go towards fulfilling existing orders, further research and development and the production of demonstrator models at the factory in Sale to roll out to Australian regions where hydrogen will be produced and sold by 2025.

As original equipment manufacturer, H2X Global is pursuing a local development strategy which translates into the trucks for the Swedish contract being assembled locally in Sweden.

H2X head of sales and marketing Bill Moss says the contracts is in line with the company’s goal of making hydrogen a cost-competitive solution for the decarbonisation of back-to-base fleet operations.

“This recognition acknowledges H2X Global’s leadership among other original equipment manufacturers in achieving the goal of decarbonising the commercial transportation and waste sectors,” Moss says.

The H2X-manufactured hydrogen vehicle fleet is expected to drive demand for a hydrogen refuelling station in Gothenburg which was commissioned by Norwegian-based Hynion and other companies.

The station, set to open near Renova by the first quarter of 2024, will support Gothenburg City and Renova AB in their commitment to transition their fleet to zero emissions.

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