H2X gears up to launch its hydrogen-powered Warrego Ute in November.
[Stockhead] Hydrogen player H2X Global has big plans to launch its Australian-produced hydrogen fuel cell electric vehicle (FCEV) in November.
And the company is already taking orders for its hydrogen fuel cell vehicle – the Warrego Ute – with delivery slated for April 2022.
H2X Global is also preparing for a listing on a major global exchange in late 2021/early 2022 and is currently undertaking a capital raising as it works to position itself as a world premium hydrogen vehicle manufacturer.
It’s a well-timed move, with the hydrogen fuel cell market predicted to grow from around US$16 billion in 2020 to nearly $27 billion by the end of 2025.
Refuelling Speed Key for Customers
The Warrego’ Ute has a 200kW motor system, 66KW and optional 90KW fuel cell systems and 60-100KW output energy storage systems between battery and super capacitor units.
But the kicker is that the Warrego has a 500km driving range with a quick refuelling time of 3-5 minutes.
To put this in context, a hydrogen fuel cell vehicle generates electrical power by a chemical reaction via conversion of fuel (hydrogen) into electricity.
This reduces the refuelling time, improves efficiency, and increases the driving range of a vehicle – because the vehicle can be refuelled in a similar way and speed to traditional petrol-run vehicles.
The company says the ute shatters the myth that ‘green’ can’t compete with diesel.
Growing Demand for SustainableTtransport
The Warrego is the first of the company’s range of fuel cell electric vehicles which will be released over the next 24 months.
H2X founder and CEO Brendan Norman said the range has been designed to meet a growing demand among vehicle owners for efficient, cost-effective and sustainable cars, trucks, buses, and other forms of transport.
Brendan Norman, CEO
We believe we are the first Australian company to produce a commercially viable vehicle to meet those demands.
The company said it has a wide network of support partners in Australia and is developing networks in key locations around the world capable of providing accelerated distribution, servicing, and after-sales support.