 | |
| Company type | Public |
|---|---|
| Nasdaq: HYZN | |
| Industry | Automotive |
| Founded | March 2020 (5 years ago) (2020-03) as spin off from Horizon Fuel Cell Technologies, founded in 2003 (23 years ago) (2003)[1] |
| Headquarters | Rochester, New York ,United States |
Key people | |
| Products | Hydrogen vehicle, heavy duty truck, Medium duty truck, bus, fuel cell systems |
| Website | hyzonmotors |
Hyzon Motors Inc. was an Americanautomotive company based inRochester, New York. Hyzon developed and manufactured hydrogen fuel cell systems and supplied zero-emission heavy-duty fuel cell electric vehicles. It had offices in the United States, the Netherlands, Australia, and China.[2] Hyzon began beingpublicly traded through aSPAC merger in 2021, which was expected to raise about $626 million for the company.[3] Hyzon delivered 87 fuel cell heavy trucks in 2021.[4] Hyzon issued a notice in December 2024 that it is unable to continue its operations, and began dissolving the company.[5] Horizon Fuel Cell Group has acquired the intellectual property of Hyzon Motors to resume serving Hyzon’s hydrogen vehicle customers and to strengthen its position in the global hydrogen heavy-duty truck market.[6]
Hyzon Motors was founded in 2020 as a spin-off of Singapore-based Horizon Fuel Cell Technologies, which was founded in 2003 with a focus on developing fuel-cell-powered trucks and buses.[7]
In 2021, Hyzon Motors went public with a SPAC merger with Decarbonization Plus Acquisition Corporation.[8]
In June 2022, Hyzon received its zero-emission certification from the California Air Resources Board for its Class 8, 7, and 6 Repowers. That same month Hyzon announced a collaboration with oil field services company Schlumberger Limited, aiming to reduce emissions in upstream oil and gas operations through the use of high-power fuel cells.[9]
Parker Meeks was appointed President and interim CEO in August 2022, and CEO in March 2023.[10]
In November 2023, Hyzon completed its first commercial journey to Texas with its liquid hydrogen truck.[11] In June 2023, Hyzon partnered with Performance Food Group to deliver 5 fuel-cell electric vehicles fitted with Hyzon Class 8 110kW fuel cell systems. Additional vehicles will be fitted with Hyzon’s next-generation single 200kW fuel cell system.[12]
Hyzon Montors launched in 2024 a hydrogen-poweredgarbage truck.[13]
Hyzon issued a notice in December 2024 that it is unable to continue its operations, and began dissolving the company.[5]
On 2025, Horizon Fuel Cell Technologies continues to develop hydrogen technologies and has recently acquired Hyzon's intellectual property to support its hydrogen vehicle customers.[14]