Connect with us

Technology

HYZON, NEW WAY AND RECOLOGY JOIN U.S. DEPARTMENT OF ENERGY AT CLEAN ENERGY EVENT TO SHOWCASE NORTH AMERICA’S FIRST HYDROGEN FUEL CELL ELECTRIC REFUSE COLLECTION VEHICLE

Published

3 weeks ago

on

Hyzon’s Hydrogen Fuel Cell Technology Highlighted in Heavy-Duty Fuel Cell Electric Vehicle Displays

OAKLAND, Calif., Aug. 30, 2024 /PRNewswire/ — Hyzon (NASDAQ: HYZN), 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, along with New Way Trucks, an industry-leading refuse truck body manufacturer, and Recology, a pioneer in sustainable waste management, today showcased North America’s first hydrogen fuel cell electric refuse truck to U.S. Department of Energy (DOE) Under Secretary for Infrastructure David Crane, California Gov. Gavin Newsom and U.S. Sen. Alex Padilla. The vehicle display was part of a landmark clean energy event hosted by the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) to celebrate the official award of a $12.6 billion investment to create a Regional Clean Hydrogen Hub in California.

“Hydrogen is the Swiss army knife of energy sources and that’s critically important,” said U.S. Department of Energy Under Secretary for Infrastructure David Crane. “The best, most durable use of hydrogen is for heavy-duty transportation. Today’s event is a thrill for all of us in the Department of Energy and for everyone in the hydrogen space.” 

“I’m proud to be here with so many great partners,” said California Gov. Gavin Newsom. “This is part of the most significant economic and industrial policy in our lifetime. It’s not just about growth, it’s about inclusion.”

“Today is an opportunity for the public to see the promise for hydrogen’s future,” said U.S Sen. Alex Padilla. “You see what’s possible not in the far future, but today. Under the leadership of ARCHES we have the opportunity to catalyze the whole hydrogen economy. From our ports to our cities, ARCHES is truly a statewide project whose benefits will deliver for everybody. Today is just the beginning and we’re excited for what’s ahead”

“Today, we see not only North America’s first hydrogen-powered refuse truck but also the critical role government plays in making these innovations a reality. When government steps up, the private sector responds, and today is proof of that,” said Hyzon Chief Executive Officer Parker Meeks. “ARCHES’ massive commitment demonstrates how public investment can drive private sector action, accelerating our ability to scale decarbonization efforts now.”

Backed by $1.2 billion in federal funding and $11.4 billion in public and private investments, ARCHES is spearheading one of the most ambitious hydrogen infrastructure projects in the U.S. Under the agreement, ARCHES plans to facilitate a network of clean, renewable hydrogen production sites, including 60 heavy-duty fueling stations and 165 miles of open-access pipelines, to enable the decarbonization of more than 5,000 fuel cell electric trucks. This includes the fuel cell electric refuse collection truck built in partnership between Hyzon and New Way, which is in its first customer trial with Recology. The three companies’ collaboration begins the decarbonization of one of the most demanding industries and makes hydrogen fuel cell electric refuse collection a reality for North America.

“This hydrogen-powered refuse collection vehicle is being designed to best meet the needs of waste haulers and kickstart the transition to clean energy by partners who are best positioned to champion advanced, alternative sustainable solutions across the waste and recycling industry,” said Mike McLaughlin, CEO of McLaughlin Family Companies, the parent company of New Way Trucks.

With about 140,000 refuse trucks currently operating across the U.S., this demonstration signals a critical shift toward zero-emission solutions in a challenging application. Hyzon’s expertise is central to the creation of the clean energy refuse truck, which integrates high-performance hydrogen fuel cell systems to power demanding urban operations, offering environmental benefits and operational efficiency.

Clean energy initiatives have a champion in Washington, D.C.-based National Waste & Recycling Association (NWRA). NWRA President and CEO Michael E. Hoffman said, “The waste industry was an earlier adopter of alternative fuels with more than 30 percent of the routed fleet converted on its own initiative without mandates or subsidies. NWRA, representing nearly three-quarters of the industry, can and will lead vocational fleets to advance emissions reductions while still meeting the daily demands of this essential service, bringing our workers home safely every day and delivering sustainable waste management solutions to our communities and customers.”

“True progress is possible when government and industry work hand in hand. Recology intends to do its part to help the waste recovery industry transition to a zero-emission future,” said Recology CEO Salvatore M. Coniglio.

Today’s demonstration also underscored ARCHES’ leading role in deploying hydrogen energy solutions to address emissions challenges in traditionally hard-to-decarbonize sectors. As one of seven hydrogen hubs across the country selected for investment by the DOE, ARCHES is projected to create 220,000 direct jobs, including 130,000 in construction and 90,000 permanent positions.

“We’re grateful to the Department of Energy for their leadership in the transition to clean hydrogen,” Meeks concluded.

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 focuses on deploying its fuel cell technology in heavy-duty commercial vehicles in Class 8 and refuse vehicles across North America. To learn more about how Hyzon partners across the hydrogen value chain to accelerate the clean energy transition, visit www.hyzonfuelcell.com.

About New Way
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 commercial driver’s license 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 original equipment manufacturer parts and unmatched support and service through our nationwide distributor network. Visit www.newwaytrucks.com to learn more.

About Recology
Recology is the largest 100% employee-owned company in the waste recovery industry. Based in San Francisco, Recology operates throughout California, Oregon and Washington. Recology’s mission represents a fundamental shift from traditional waste management to resource recovery, seeking to eliminate waste by developing and discovering sustainable resource recovery practices that can be implemented globally. Recology seeks to achieve this by creating a resource ecosystem—one that both protects the environment and sustains the local communities the company serves. Recology’s focus on sustainable operations and practices makes it possible for the diverse communities Recology serves to achieve high landfill diversion and meet sustainability goals. Visit www.Recology.com to learn more.

About National Waste & Recycling Association
The National Waste & Recycling Association (NWRA) champions the waste and recycling industry on advocacy, safety and education. Our members deliver essential services that support our communities and businesses in achieving their environmental and sustainability objectives. 

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include the Company’s expectations, hopes, beliefs, intentions or strategies for the future. You are cautioned that such statements are not guarantees of future performance and that the Company’s actual results may differ materially from those set forth in the forward-looking statements. All of these forward-looking statements are subject to risks and uncertainties that may change at any time. Factors that could cause the Company’s actual expectations to differ materially from these forward-looking statements include the Company’s ability improve its capital structure; Hyzon’s liquidity needs to operate its business and execute its strategy, and related use of cash; its ability to raise capital through equity issuances, asset sales or the incurrence of debt; the possibility that Hyzon may need to seek bankruptcy protection; Hyzon’s ability to fully execute actions and steps that would be probable of mitigating the existence of substantial doubt regarding its ability to continue as a going concern; our ability to enter into any desired strategic alternative on a timely basis, on acceptable terms; our ability to maintain the listing of our Common Stock on the Nasdaq Capital Market; retail and credit market conditions; higher cost of capital and borrowing costs; impairments; changes in general economic conditions; and the other factors under the heading “Risk Factors” set forth in the Company’s Annual Report on Form 10-K, as supplemented by the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. Such filings are available on our website or at www.sec.gov. You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof. The Company undertakes no obligation to publicly update or revise forward-looking statements to reflect subsequent developments, events, or circumstances, except as may be required under applicable securities laws. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hyzon-new-way-and-recology-join-us-department-of-energy-at-clean-energy-event-to-showcase-north-americas-first-hydrogen-fuel-cell-electric-refuse-collection-vehicle-302235374.html

SOURCE Hyzon

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

LYT ANNOUNCES DEPLOYMENT OF TRANSIT PRIORITY SOLUTIONS BY PARTNERING WITH ORANGE COUNTY TRANSPORTATION AUTHORITY (OCTA)

Published

43 mins ago

on

September 19, 2024

By

LYT.Transit Will Move Bus Transit Vehicles Through Congested Harbour Blvd. Corridor Safer and Faster

SANTA CLARA, Calif., Sept. 19, 2024 /PRNewswire/ — LYT, a leader in NextGen intelligent connected traffic technology solutions, announced today it has signed a contract with the Orange County Transportation Authority (OCTA) and the city of Fullerton for a one-year pilot program and the implementation of LYT’s leading NextGen transit priority solution (TSP), LYT.transit. 

Serving as the primary contractor for TSP under the Master Service Agreement with Arcadis, a leading global design and consultancy organization for natural and built assets, LYT.transit will help solve congestion issues for traffic signals across the busy corridor of Harbour Blvd. The Orange County TSP deployment extends LYT’s rapid expansion throughout the west coast. 

LYT’s leading transit signal priority solution, LYT.transit, moves bus transit vehicles through congested intersections faster, safer, and more intelligently. Harnessing the power of a single-edge device installed in the Traffic Management Center (TMC), bus transit vehicles speak directly to networked traffic signals through LYT’s open architecture cloud platform. This results in a consistent and reliable green light for every bus transit vehicle in the network.

Cities are realizing the distinct benefits of this technology due to LYT’s machine learning models and artificial intelligence technology that knows when to prioritize and activate a traffic signal. LYT’s system uses automotive data in an actionable way as it takes a broader traffic pattern ecosystem into account to have an impact on other surrounding signals, not just the one signal that traffic is heading toward. 

“As the Southern California region continues to thrive, it is essential to implement advanced traffic signal prioritization technology to improve the daily commutes of Orange County residents,” said Tim Menard, CEO and Founder of LYT. “Our cutting-edge AI-powered technology ensures smoother traffic flow, reduces congestion, and enhances safety on today’s roads. By prioritizing public transportation and optimizing traffic signals, we are committed to creating a more efficient and sustainable transportation network that benefits all residents and businesses throughout Orange County.” 

Gabriel Murillo, ITS and Connected Mobility Market Leader at Arcadis, said: “We are pleased to partner with LYT on LYT.transit, to help ease the impacts of traffic congestion for buses in Orange County. By harnessing the power of advanced AI and machine learning, LYT.transit is set to elevate transit efficiency, enhance safety, and contribute to a more sustainable transportation network for the residents and businesses of Orange County.” 

About LYT

LYT is the leading provider of smart cities NextGen intelligent connected traffic technologies that orchestrates today’s Intelligent Transportation Systems. LYT’s AI-powered, open architecture, machine learning technology enables a suite of transit signal priority and emergency vehicle preemption solutions that utilize pre-existing vehicle tracking sensors and city communication networks to dynamically adjust the phase and timing of traffic signals to provide sufficient green clearance time while minimally impacting cross traffic. LYT is headquartered in Silicon Valley and serves municipalities across the US and Canada. Learn more at LYT.ai.

ABOUT ARCADIS

Arcadis is the world’s leading company delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets. We are more than 36,000 architects, data analysts, designers, engineers, project planners, water management and sustainability experts, all driven by our passion for improving quality of life. As part of our commitment to accelerating a planet positive future, we work with our clients to make sustainable project choices, combining digital and human innovation, and embracing future-focused skills across the environment, energy and water, buildings, transport, and infrastructure sectors. We operate in over 30 countries, and in 2023 reported €5.0 billion in gross revenues. www.arcadis.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/lyt-announces-deployment-of-transit-priority-solutions-by-partnering-with-orange-county-transportation-authority-octa-302252300.html

SOURCE LYT

Continue Reading

Technology

Safire Group Raises $8 Million in New Financing to Deliver Lithium-ion Battery Safety Technology to Government, Automotive Markets

Published

43 mins ago

on

September 19, 2024

By

Canaan Partners Leads Round to Establish SAFIRE™ Technology as New Benchmark for Battery Safety

KNOXVILLE, Tenn., Sept. 20, 2024 /PRNewswire/ — Safire Technology Group, Inc. (“Safire Group”), today announced $8 million in new financing led by Canaan Partners, with participation from Correlation Ventures, Higher Life Ventures, Ajinomoto Co., Inc., Automotive Ventures, Outpost Ventures, Potomac Angel Capital, and MaC Venture Capital. This Pre-Series A priced round of financing brings total funding to $11 million and fuels continued development of the company’s Safe, Impact-Resistant Electrolyte (SAFIRE™) technology to transform the safety benchmarks of Lithium-ion (Li-ion) batteries across government and automotive industries. Canaan’s Hrach Simonian will join co-founders John Lee and Mike Grubbs on the board of directors.

“We are grateful to have a highly regarded, deeply experienced, and values-aligned investor in Canaan, and we are eager to continue building Safire Group together,” said Mike Grubbs.

“Safire Group is revolutionizing Li-ion battery technology with a focus on safety. Their innovative solutions are addressing the critical issue of battery volatility and setting new standards in the industry,” said Hrach Simonian, General Partner of Canaan Partners. “Safety should be intrinsic to battery design, not an afterthought. Safire Group’s commitment to redefining how these batteries are used in mobility and government applications promises to unlock unprecedented opportunities on a global scale.”

SAFIRE is the world’s only patented and proprietary drop-in additive for Li-ion batteries that prevents fires through an instantaneous liquid to solid transformation upon kinetic impact, such as an electric vehicle (EV) crash or ballistic event. During an impact, Safire Group’s shear thickening electrolyte technology enables the battery to resist deformation and prevents a short circuit – providing EV makers with lightweight crash protection and enabling Li-ion batteries to be used in novel ways.

Invented after nearly a decade of research and development by the U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL), SAFIRE is currently being deployed by the company in four distinct use cases across broad domains: a ruggedized electric motorcycle, a rapidly deployable sensor tower, an unmanned ground vehicle, and multifunctional body armor.

“There is significant demand across the government to integrate SAFIRE technology into novel, ruggedized applications. This financing allows us to expand our operations in the Knoxville, Tennessee area, continue collaboration with ORNL, and further demonstrate the benefits of SAFIRE in government and automotive markets,” said John Lee, CEO of Safire Group. “We are excited about our partnership with Canaan and the opportunities it brings for the next stages of growth in deploying safety solutions for energy systems. Our focus remains on protecting people and critical assets while driving innovation in safety.”

About SAFIRE

Safire Group is a venture-backed company developing advanced Li-ion battery technologies for government and automotive markets. The company’s core technology, SAFe Impact Resistant Electrolyte (SAFIRE™), is the world’s only patented and proprietary drop-in additive for Lithium-ion (Li-ion) batteries that prevents fire through an instantaneous liquid-to-solid transformation upon kinetic impact, such as an electric vehicle (EV) crash or ballistic event. For more information, visit: www.safire.co.

Media Contact
info@safire.co

Logo – https://mma.prnewswire.com/media/2508443/Safire_Technology_Group_logo.jpg

View original content:https://www.prnewswire.com/apac/news-releases/safire-group-raises-8-million-in-new-financing-to-deliver-lithium-ion-battery-safety-technology-to-government-automotive-markets-302253094.html

SOURCE Safire Technology Group, Inc.

Continue Reading

Technology

Logistics Automation Market to Reach $55 Billion by 2030, Driven by E-Commerce and Supply Chain Transformation – LogisticsIQ

Published

43 mins ago

on

September 19, 2024

By

NEW DELHI, Sept. 19, 2024 /PRNewswire/ — According to LogisticsIQ‘s latest report (5th edition), Logistics Automation Market is expected to grow to $55 Billion by 2030, at a CAGR of 15% between 2024 and 2030. The drivers of growth are the growth in the e-commerce industry, multichannel distribution channels, digital services, increasing e-grocery penetration and dark stores, globalization of supply chain networks, emergence of autonomous mobile robots (AMRs) and increasing demand for same day / same hour delivery.

Market Trends and Key Drivers

E-Commerce Boom and Its Impact on Logistics
The exponential growth of the e-commerce industry has significantly transformed the $5 trillion global logistics industry. Online retail requires more complex logistical processes, including individual picking, packing, and shipping, which contrasts with the bulk transportation model of brick-and-mortar retail. This surge in online retail, coupled with the increasing need for faster delivery times, is putting immense pressure on logistics providers to automate.Challenges and Market Conditions (2021-2025)
In 2021, logistics automation companies had a huge order intake, however, revenue growth was constrained by supply chain disruptions. Thus, the industry entered in 2022 with a backlog of orders, which was eventually reduced by 2023 due to macroeconomic uncertainties. In 2024, order volumes began to rise again, but cautious capital expenditure from retailers slowed down investments due to inflation, low consumer spending, and geopolitical tensions. We expect order volumes expected to rebound in 2025 as retailers aim to meet increasing consumer demand.Emerging Technologies and Market Players
The past few years have seen the emergence of cutting-edge technologies like automated picking systems, mobile manipulators, and automated cold storage solutions. Significant investments in companies like Symbotic, Geek+, Fabric, and Exotec Solutions reflect this growth. At the same time, established players such as Dematic, Honeywell Intelligrated, SSI Schafer, and Toyota Advanced Logistics continue to innovate. Additionally, major retailers including Walmart, Kroger, Amazon, Ocado, and Carrefour are actively adopting these technologies to enhance their supply chain capabilities.Apart this, piece picking players such as Righthand Robotics, Nimble, Fizyr, Kindred, Covariant, OSARO, Plus One Robotics, Berkshire Grey, and AWL have established a new attractive capability for order picking in ecommerce fulfillment as picking is least automated process in existing warehouses.

Download a Free Sample of our report on the Logistics Automation Market

Industry Consolidation in Logistics Automation Market

Over the last decade, the logistics automation market has experienced significant consolidation. Traditional industry players are acquiring innovative technology leaders to stay competitive and address evolving market demands. Notable examples include:

Rockwell Automation’s acquisition of Clearpath Robotics and OTTO MotorsZebra’s acquisition of Fetch RoboticsToyota’s acquisition of Vanderlande, Bastian Solutions and ViaStoreHoneywell’s acquisition of Intelligrated and TransnormJungheinrich acquired Magazino and ArculusSSI Schafer acquired DS AutomotionABB acquired ASTI Mobile Robotics and SevensenseKPI Solutions acquired Kuecker Logistics Group, Pulse Integration, QC SoftwareKörber acquired Cohesio Group, Siemens Logistics, HighJumpTeradyne acquired MiR, Energid, AutoGuide Mobile Robots

These mergers and acquisitions reflect the ongoing shift towards automation and the integration of cutting-edge technologies across the supply chain.

Read full report on the Logistics Automation Market Size, Growth, Share, Trends, and Forecast

Key Markets and Growth Opportunities

Top Markets: The United States, China, and Germany account for more than 50% of the demand for logistics automation, with strong market penetration in Europe, particularly in Germany, Italy, France, and the Netherlands. Western Europe represents around 30% of the global market. Emerging markets in APAC, particularly in India and Southeast Asia, are also showing strong growth potential, as are regions like the Middle East and Latin America.Emerging opportunities: Latin America is still under-penetrated with regards to automation; however, things are set to change and market is set to observe a high growth in Brazil and Mexico. Within Europe, Central and Eastern Europe is a fast-growing region, with Poland and Czech Republic emerging as logistics hub and showing good growth prospects.Grocery Industry: The grocery sector is a key area for logistics automation, driven by the need for high-frequency deliveries and the growing demand for online grocery services. Grocery distributors ship high cubic volumes of merchandise to retail stores with frequent deliveries to ensure product freshness.  Grocery distribution center operations are amongst the most labour intensive of any industry. Grocery automation market is expected to reach over $7 billion by 2030.AGV and AMR Market Growth: The market for Automated Guided Vehicles (AGVs) and Autonomous Mobile Robots (AMRs) is projected to experience rapid growth, with a CAGR of over 20% by 2030. AMRs, which can operate without external guidance systems like optical tape or sensors, are becoming increasingly popular due to their ease of deployment in existing warehouse infrastructures.We expect AGVs/AMRs to have more than 20% market share by 2030 in this market led by players such as Seegrid, Balyo, Hai Robotics, Geek+, GreyOrange, HikRobot, Quicktron, Locus Robotics, Fetch Robotics (Zebra), 6 River Systems (Ocado), Teradyne (MiR, AutoGuide Mobile Robots), Rocla, JBT, ek-robotics, Omron, Rockwell Automation (Clearpath Robotics, OTTO Motors). We further see more consolidation and M&A in the mobile robots space as larger System integrators look to complete their product portfolios.

Order Picking and Automation Trends

Manual vs. Automated Picking: The order picking process remains one of the most labor-intensive tasks in the warehouse, especially in e-commerce fulfillment. While manual picking is still preferred for operations with a large variety of SKUs, automated picking systems and robotic solutions are gaining traction. Technologies such as RFID, pick-to-light, and pick-to-voice systems help improve efficiency even in semi-automated environments.Piece Picking Robots: Companies such as Righthand Robotics, Berkshire Grey, Osaro, and Covariant are leading the charge in developing piece picking robots that are ideal for e-commerce fulfillment. These robots significantly reduce labor costs and increase throughput, offering a high return on investment for businesses.

Purchase the full report on the Logistics Automation Market By Technology (AGV/AMR, ASRS, Conveyors, Sortation, Order Picking, Automatic Identification and Data Capture, Palletizing & Depalletizing, Overhead Systems, MRO Services and WMS/WES/WCS), By Industry (E-commerce, General Merchandise, Grocery, Apparel, Food & Beverage, Pharma, 3PL), By Geography – Global Forecast to 2030

What will you get in this report?

500+ Pages, 290+ Exhibits and 350+ Market tables for7 major Industry Verticals (eCommerce, Grocery, General Merchandise, Apparel, Food & Beverage, 3PL, Wholesale)10 Technologies (Mobile Robots, AS/RS, Conveyors, Sortation, Order Picking, Automatic Identification and Data Capture (AIDC), Palletizing and Depalletizing Robots, Overhead systems, Software (Warehouse Management, Warehouse Execution, and Warehouse Control), and MRO services.6 regions and 28 countries (United States, Canada, United Kingdom, Germany, France, Italy, Spain, Netherlands, Nordics, China, Japan, India, Australia, Thailand, Vietnam, Singapore, Indonesia, South Korea, Malaysia, Philippines, Taiwan, Saudi Arabia, UAE, Turkey, South Africa, Argentina, Brazil, Mexico)Pivot-friendly Excel file with 350+ market tables including forecast till 2030In-depth analysis of 700 companies in the ecosystem with more than 140+ company profilesFocus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis2 Analyst Sessions to brainstorm furtherInvestment details with 150+ M&A and 750+ funding dealsLogisticsIQ™ Exclusive Market Map (~700 Players across 15+ categories)

About LogisticsIQ

LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.

Media Contact
Name: Sunny M.
Email: sunny@thelogisticsiq.com
Phone: +91-952-918-4938

Photo: https://mma.prnewswire.com/media/2509503/Logistics_Automation_Market.jpg
Logo: https://mma.prnewswire.com/media/2320412/LogisticsIQ_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/logistics-automation-market-to-reach-55-billion-by-2030-driven-by-e-commerce-and-supply-chain-transformation—logisticsiq-302252917.html

Continue Reading

Trending