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NASDAQ: HYZN ..... HYZON ANNOUNCES SUCCESSFUL TRIAL COMPLETION OF NORTH AMERICA'S FIRST FUEL CELL POWERED REFUSE TRUCK WITH MT. DIABLO RESOURCE RECOVERY
PR Newswire

Further Demonstrates Hydrogen Fuel Cell Technology as a Sustainable, Zero-Emission Solution for Heavy Duty Applications

BOLINGBROOK, Ill. , Nov. 14, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN) (Hyzon or the Company), a U.S.-based, high-performance, hydrogen fuel cell system manufacturer and technology developer focused on providing zero-emission power to decarbonize the most demanding industries, today announced the completion of a successful trial of its refuse collection Fuel Cell Electric Truck (FCET) -- developed in partnership with New Way Trucks -- with Mt. Diablo Resource Recovery (MDRR), a leader in sustainable waste and recycling management.

Hyzon, Mt. Diablo, New Way logos

The trial, which tested the hydrogen-powered vehicle on routes in parts of California including Concord , Pittsburg , Oakley , Rio Vista , and parts of unincorporated Contra Costa , marks a significant milestone in the adoption of zero-emission technology for heavy-duty applications in the waste and recycling sector.

The trial further demonstrated hydrogen's effectiveness as a sustainable, zero-emission alternative to diesel fuel, aligning with California's Advanced Clean Fleet requirements and furthering Mt. Diablo Resource Recovery's commitment to environmental stewardship and innovation. Additionally, this represented Hyzon's tenth trial since July 2024 across both of its Class 8 and refuse collection FCETs, all of which have been successful in meeting or exceeding the expectations set forth by the potential customer.

"We are proud to partner with Mt. Diablo Resource Recovery in pioneering the use of hydrogen fuel cell technology for heavy-duty waste management," said Hyzon Chief Executive Officer (CEO) Parker Meeks . "This successful trial showcases the potential for hydrogen to drive meaningful decarbonization, without sacrificing performance, in challenging sectors like waste and recycling. We are excited to be driving forward hydrogen-powered solutions in collaboration with our customers that deliver both environmental and operational benefits," added Meeks.

Hyzon's refuse collection FCET is built in partnership between Hyzon and New Way Trucks, a privately held, industry-leading refuse truck body manufacturer. The vehicle is North America's first refuse collection FCET. New Way's expertise and leadership in refuse collection and Hyzon's focus on providing zero-emission power to decarbonize the most demanding industries combine to make decarbonized refuse collection a reality for the North American waste and recycling industry.

"We are relentless about innovation to transform the way we manage waste and recycling to maximize our environmental and financial performance," said Kish Rajan, CEO of Mt. Diablo Resource Recovery. "This pilot program is yet another example of what sets MDRR apart."

"Working with Mt. Diablo on this trial showcases what happens when industry and technology experts partner to bring innovative, more sustainable solutions to the industry and propel it forward," said Don Ross , Chief Sales Officer for New Way. "We are in a unique position to provide alternative power solutions to waste haulers looking to meet zero emissions goals and decarbonization initiatives. And we look forward to continuing our partnership with Hyzon to field more hydrogen fuel cell refuse collection trucks that will set a new standard for our industry."

Hyzon's high-performance, hydrogen fuel cell systems demonstrated consistent power over an expected range of at least 125 miles, including at least 1,300 cart lifts along with trips to the transfer station, at up to 300% increased fuel efficiency over traditional diesel trucks. Hyzon's trial program has shown range that in some route structures projects to over 1,500 cart lifts on a single fill of hydrogen.

Alongside trials of its industry-leading refuse collection FCETs, Hyzon is advancing its Class 8 200kW FCET trial program. The Company remains on track to complete customer trials with over 30 major fleets across both platforms between July 2024 and February 2025 .

About Hyzon
Hyzon is a global supplier of high-performance hydrogen fuel cell technology focused on providing zero-emission power to decarbonize demanding industries. With agile, high-power technology designed for heavy-duty applications, Hyzon is at the center of a new industrial revolution fueled by hydrogen, an abundant and clean energy source. Hyzon is focusing on deploying its fuel cell technology in heavy-duty commercial vehicles in Class 8 and refuse collection trucks across North America, as well as new markets such as stationary power applications. To learn more about how Hyzon partners across the hydrogen value chain to accelerate the clean energy transition, visit www.hyzonfuelcell.com .

About MDRR
Mt. Diablo Resource Recovery serves customers, communities, and the environment responsibly by optimizing the use of discarded materials. Today, Mt. Diablo Resource Recovery serves over 250,000 residents and thousands of businesses throughout Contra Costa , Napa , and Solano Counties. By combining excellence in customer service with competitive rates and operating recycling and recovery programs designed to increase sustainability and reduce greenhouse gas emissions, MDRR is a leader in the environmental services industry. The company's Material Resource Facility in Pittsburg, California , contains the area's largest state-of-the-art recycling processing center and C+D line to ensure most of the material can be recycled, reused, and kept out of landfills. We are proud to be Trusted + Proven + Essential. For more information, please visit mdrr.com.

About New Way Trucks
New Way Trucks is the largest privately held refuse collection equipment manufacturer in North America . New Way's product lineup features top-performing rear loaders, front loaders and automated side loaders, including the industry-leading Sidewinder XTR™, ROTO PAC® with our exclusive self-cleaning auger, and the small but mighty Wolverine™ – no CDL required. New Way Trucks engineers and builds advanced, dependable, sustainable refuse collection products that best meet what waste haulers need, along with offering top-quality OEM parts and unmatched support and service through our nationwide distributor network. Visit www.newwaytrucks.com to learn more.