Hyzon to focus on North American market only. No more business in the Netherlands and Australia
Given the challenges of bringing new technology to market in an emerging industry, we believe we need to focus our efforts on the North American market and refuse industry as well as overseeing our large fleet trial programs which commence this summer", said Hyzon CEO, Parker Meeks.
U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems Hyzon will halt its operations in the Netherlands and Australia. the company will now focus its activities in North America. The decision was made due to “the challenging market conditions across Europe and Australia”, as stated in an official press note.
Hyzon CEO Parker Meeks explains why the decision was taken
Hyzon said the government support for fuel cell-powered transportation in Europe and Australia has waned, including the disbandment in many European countries of hydrogen subsidies. “I would like to express my utmost gratitude to our dedicated European and Australian teams who have tirelessly worked toward advancing the hydrogen transition,” said Hyzon Chief Executive Officer Parker Meeks. “This was a complex and difficult decision. Given the challenges of bringing new technology to market in an emerging industry, we believe we need to focus our efforts on the North American market and refuse industry as well as overseeing our large fleet trial programs which commence this summer”, added Meeks.
Hyzon currently intends to maintain the potential to return to the European and Australian markets as a fuel cell system supplier to OEMs.
