Pure Hydrogen signs sales agreement with Solo Resource Recovery for hydrogen fuel cell waste collection truck
Vehicle to be deployed in West Torrens, marking Pure Hydrogen’s entry into South Australia
Expected to generate additional revenue, following recent sales of electric mini-buses in NSW
Special Report: Clean energy business Pure Hydrogen has announced the execution of a sales agreement with Solo Resource Recovery for a Hydrogen Fuel Cell (HFC) waste collection truck, marking the company’s first foray into the South Australian market.
The latest sale agreement follows the successful delivery of two electric mini-buses to Sapphire Coast Buslines in NSW, as Pure Hydrogen executes on its strategy to become a leading provider of zero-emissions solutions for the heavy vehicles sector across Australia.
As well as emitting zero CO2 emissions, hydrogen vehicles deliver a number of key advantages in the waste management sector – most notably that they are significantly quieter than incumbent trucks in the market which results in less disruption.
The vehicle is expected to contribute to a growing revenue profile for PH2 following recent successes in the clean-energy vehicle market.
Image 1: Solo general waste collection truck to be delivered in 2024
Bursting into South Australia
Pure Hydrogen (ASX: PH2) has secured a sales agreement with Solo Resource Recovery for a hydrogen fuel cell waste collection truck as part of its services to councils.
The sales agreement entails the supply of a rear-loading HFC waste collection truck to Solo, which will serve the City of West Torrens Council aligning with the council’s strategy to adopt clean energy solutions for waste management services.
The sale agreement follows an extensive period of collaboration between Pure Hydrogen and Solo which remains ongoing, with advanced product testing now nearing completion.
Solo Resource Recovery, a leading waste management company, is conducting a separate trial in NSW for a side-loader HFC waste collection truck.
PH2 MD Scott Brown says the latest sale agreement underscores the momentum Pure Hydrogen is gaining in Australia’s heavy vehicle industry.
“This latest sale agreement further demonstrates the ongoing traction Pure Hydrogen is building for its market-leading suite of hydrogen and electric vehicles for Australia’s heavy vehicle industry,” Brown says.
“We also applaud the City of West Torrens’ commitment to spearheading clean energy solutions for council services such as waste collection and look forward to working with our partners on vehicle deployment.”
City Of West Torrens Mayor Michael Coxon said the agreement aligns with the Council’s stated strategy to provide core services with a focus on sustainability.
“The delivery of the first hydrogen fuelled waste truck for our waste contractor, Solo, is a positive step forward; not just for the environment but for reducing noise pollution for our residents as well,” Coxon said.
“Our vision for waste and resource recovery in West Torrens is one of continuous improvement and innovation and the introduction of a purely hydrogen powered collection vehicle partners well with our vision.”
What’s next?
Pure Hydrogen anticipates the deployment of the hydrogen fuel cell waste collection truck in the second half of CY2024, pending approvals.
The company continues to explore opportunities for expanding its hydrogen vehicle fleet across various industries, including waste collection and passenger transport sectors.
Discussions with potential customers are underway, with a focus on capitalising on the growing demand for clean-energy vehicles.
“As we continue to execute on the rollout of our hydrogen vehicle strategy, conversations are underway with other potential customers in a number of industries, including waste collection and the passenger transport sectors,” Brown added.
“We look forward to expanding the rollout of our hydrogen vehicle fleet and capitalising on a first-mover advantage in this fast-growing sector.”
This article was developed in collaboration with Pure Hydrogen, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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