Hyzon Motors has announced that it is set to kick start Europe’s hydrogen-powered truck market with the introduction of a new leasing service for fleet operators across the European Union (EU).
The new service is expected to include hydrogen fuel, insurance, service, and maintenance for Hyzon and Hyzon-branded vehicles.
This leasing service will be used by European companies as a means to fast-track the transition of its fleets to hydrogen in addition to showcasing its qualities to prospective industries across the EU.
Hyzon said it signifies the first step in the development of an all-inclusive fleet leasing offering for the European market.
A declaration from Hyzon Motors also revealed the company’s objective to institute itself as a hydrogen heavy mobility category leader, expecting to play a substantial role in the EU’s transition to hydrogen energy through its manufacturing base in Groningen, Netherlands.
Craig Knight, CEO of Hyzon, said, “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.”
“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 refueling time.”
In addition to this, Hyzon also outlined its intention to be among the first companies to supply customers with a fuel cell truck at total cost of ownership (TCO) parity with diesel-powered commercial vehicles in Europe.
With its association with multiple hydrogen infrastructure partners, Hyzon anticipates helping its customers realize total cost of ownership (TCO) parity.
Hyzon has identified the opportunity to institute these projects following the impetus building behind hydrogen across Europe with the region projected to roll out hydrogen mobility globally.