4th Letter From Our CEO

Dear Investors, Colleagues, Customers, and Partners,

As I reflect on my first three months as your CEO, I am pleased to report the significant progress H2X Global has made through our refocused strategy of accelerating vehicles to market via the more cost-effective and faster retrofit approach. With every day, I am more confident H2X Global will become a successful hydrogen-powered vehicle manufacturer, contributing to the decarbonization of commercial transport.

Recent Capital Raise 

In my previous CEO letter, I highlighted our capital-raising efforts to advance the production of the world’s first hydrogen-powered 4×4, the Warrego. I am delighted to confirm that the H2X Offer, led by Barclay Pearce Capital (BPC) was oversubscribed. We are grateful to our new and returning investors for your trust and support. This funding ensures we have the necessary resources to complete the Warrego build and obtain roadworthy accreditation for the European and the UK markets.

Focused Operations

To enhance our operational efficiencies, we have decided to concentrate our immediate efforts on our Dutch facility, which continues to be a hub of activity. In April, we welcomed the Toyota Global Fuel Cell team on site, followed by a visit from Jack Colreavy of BPC in May. In June, Renova will tour our facility to observe their vehicles in production. In July, I will be onsite to oversee the Warrego’s accreditation process for European and UK roads.

The Australian Investment Summit

In an effort to gain exposure to new investors, H2X Global will join a group of Australian companies at the Australian Investment Summit (AIS) in London during the second week of July 2024. Hosted by BPC in partnership with the London Stock Exchange (LSE), this summit will showcase selected Australian companies in the renewable energy, mining, and technology sectors. By participating in the AIS, H2X will have a platform to engage with investors, stock exchanges, brokers, and other stakeholders, offering valuable insights.

Your Board and Management of H2X Global have always seen public markets as the best pathway to maximising shareholder value and providing access to deep pools of capital. Becoming a listed company will not only provide additional capital but also affirm H2X’s robustness and long-term viability, demonstrating our capacity to handle rigorous disclosure and scrutiny. The timing of the AIS coincides with an important period for H2X, including a major tender with a UK State-Owned Enterprise, the completion of the Warrego build, and the commencement of road accreditation for Europe and the UK.

Strengthening Investor Communication 

Transparent and open communication with our stakeholders is a fundamental priority for H2X Global. Our FY2023 materials are finalised, and I look forward to engaging with our investors at our AGM on 27 June 2024. Following our recent investor update webinar, we plan to host another session just before our AGM to discuss our strategic direction and progress. 

We are also eagerly anticipating the results of several European State-Owned Enterprise tenders, with the first major tender outcomes expected at the end of May 2024. Success in any of these tenders would be a significant milestone for the H2X Global team especially as we ramp up production activities to create economies of scale to maximise margins and profitability.

Additionally, we have enhanced our website, www.h2xglobal.com, to better reflect our focused strategy, resulting in improved online engagement. Our website now operates approximately 50% faster thanks to a new hosting service. I encourage you to visit our updated website and share your feedback.

The Australian Federal Budget for 2023-24 includes significant investments in the hydrogen sector, underscoring the government’s commitment to renewable energy. Notably, the $2 billion Hydrogen Head start program aims to accelerate renewable hydrogen production. We are collaborating with RSM Australia to provide a detailed analysis of the 2024 Australian budget and its implications for the hydrogen industry. Look out for this review soon.

 Thank you again for your continued support and engagement. 

 

Sincerely,

Antony Tolfts 

CEO, H2X Global

Media Contact: [email protected] 

 


 

About H2X Global

Zero emissions, extended driving ranges, and 5-minute refuelling times—H2X Fuel Cell Electric Vehicles set the standard for commercial transportation. Offering the world’s only hydrogen-powered 4×4 and a proprietary battery-free power system, H2X drives the future.

H2X – Improve Earth.

 


About Antony Tolfts 

Antony Tolfts recently joined H2X Global as CEO, bringing extensive experience from his previous role as CEO of Blu Horseshoe, where he developed a digital capital raising platform. His background includes senior roles at the Sydney Stock Exchange, overseeing Listing, Market Operations, and Admission & Compliance. Antony holds an MBA in Corporate Finance and a BCom, along with certifications as a Project Management Professional (PMP). He also serves on the board of the UCT Trust Australia.

Antony is dedicated to sustainable business practices and has driven significant environmental, social, and governance (ESG) initiatives. At the Sydney Stock Exchange, he was instrumental in establishing the world’s first ESG board for qualifying companies and played a key role in the bid to establish an Australian Carbon Exchange. He partnered with the United Nations on projects such as the “Ring the Bell” campaign for gender equality and the Sustainable Stock Exchanges Initiative. Antony has also contributed to important publications, including the UN’s paper on advancing gender equality through exchanges.

Additionally, Antony won Computershare’s inaugural Green Oscar competition, enhancing productivity, reducing costs, and maintaining audit support. His diverse experiences and commitment to ESG principles continue to drive positive change in the corporate world.

Hydrogen Combustion vs. Hydrogen Fuel Cell Vehicles: A Comparative Analysis by H2X Global

As the automotive industry transitions towards sustainable energy sources, hydrogen has emerged as a leading alternative to traditional fossil fuels. At H2X Global, we are at the forefront of this shift, specializing in Hydrogen Fuel Cell Electric Vehicles (FCEVs). This article provides a professional comparative analysis of hydrogen combustion engines and hydrogen fuel cell vehicles, emphasizing the advantages and challenges of each technology.

Historical Context

Since the 1920s, Internal Combustion Engine (ICE) vehicles powered by gasoline and diesel have dominated the automotive landscape. However, the environmental impact of fossil fuels has necessitated the search for cleaner, more sustainable alternatives. Hydrogen, with its potential for zero-carbon emissions, has become a pivotal element in this pursuit.

For automotive businesses, the transition from fossil fuels to electrified vehicles has become a global trend, particularly for personal vehicles. However, larger vehicles have encountered significant challenges with Battery Electric Vehicles (BEVs), such as extended charging times and the weight of batteries, which compromise runtime and cargo capacity.

Hydrogen, a zero-carbon fuel compressed to 350 or 700 bar in specially designed tanks onboard the vehicle, offers a viable solution. It provides energy in a manner similar to gasoline or diesel tanks in traditional vehicles. Given that hydrogen’s distribution and refuelling infrastructure closely mirror that of conventional fuels, it is particularly appealing for businesses with time-critical operations. Importantly, both hydrogen combustion and fuel cell vehicles can be refuelled at the same stations.

Hydrogen Combustion Engines (H2-ICE)

Hydrogen combustion engines function similarly to traditional ICEs but use hydrogen as fuel instead of gasoline or diesel. This approach leverages existing ICE technology, providing a familiar and tested alternative for many companies.

Hydrogen Fuel Cell Electric Vehicles (FCEVs)

FCEVs convert hydrogen into electricity through a chemical reaction within a fuel cell, emitting only water and heat as byproducts. This technology offers a fundamentally different approach compared to combustion engines, emphasizing electric propulsion.

Comparative Analysis

Aspect Hydrogen Combustion Engines (H2-ICE) Hydrogen Fuel Cell Electric Vehicles (FCEVs)
Emissions Trace amounts of CO2 and NOx, requiring exhaust treatments Zero emissions, only water and heat
Efficiency Lower efficiency, requires more hydrogen for the same range Higher efficiency, less hydrogen needed for the same range
Technology Utilizes well-established ICE technology Emerging technology with ongoing development
Hydrogen Purity Can operate with lower-quality hydrogen Requires high-purity hydrogen for optimal performance
Power Output Effective at higher loads, capable of producing substantial power Consistent power output with regenerative braking
Maintenance Similar to traditional ICE vehicles Fewer moving parts, leading to lower maintenance costs
Adoption Easier to adopt due to familiar technology Still in early stages of widespread adoption
Fuel Type Hydrogen (Zero carbon-based)
Fuel Delivery System Onboard H2 tanks at 350Bar or 700Bar
Refuelling Infrastructure Shared Hydrogen stations infrastructure

 

Conclusion

H2X Global is committed to advancing hydrogen fuel cell technology, recognizing its superior benefits in terms of efficiency, zero emissions, and reduced maintenance. While hydrogen combustion engines offer a familiar and immediate solution, H2X believe the future of sustainable transportation lies in the adoption of FCEVs. By focusing on “back to base” logistic vehicle fleets such as utility vehicles (Utes), buses, trucks, delivery vans, and taxis.

H2X are driving the change towards zero-emission transportation, with hydrogen technology leading the way, follow us to be a part of this journey. 

Tank Tales: Hydrogen’s Better than Bullet Proof Safety Shield

Welcome to our continuing H2X’s series on why zero-emission hydrogen-powered vehicles are the future, we now turn our focus to hydrogen safety, highlighting H2X’s bulletproof tanks. Debunking the tank tales.

Design around hydrogen:

Unlike petrol, which risks flammability and accumulation beneath vehicles, hydrogen’s lighter-than-air nature allows for safe dispersal into the atmosphere in the unlikely event of a leak. At H2X we prioritise safety and understand Hydrogen, our vehicle designs incorporate Hydrogen escape paths away from passenger compartments to mitigate any potential risks.

Bullet proof hydrogen tanks:

H2X’s hydrogen tanks are crafted from Carbon fibre at twice the industry standard for bulletproof cars. This extra carbon enhances our tanks’ structural integrity and opens the door to some read worthy testing possibilities.

Toyota and the United States Army Tank Automotive Research, Development and Engineering Center (TARDEC) have researched the resilience of Type IV, 700 bar hydrogen tanks (like those designed by H2X) against external threats. These tests included the rigorous External Violence Safety Test on the tanks’ ability to withstand diverse levels of ballistic impact while still ensuring a controlled release of hydrogen. Bob Carter, Toyota’s SVP for Automotive Operations, emphasized the tanks’ resilience in his speech to the Automotive News World Congress, highlighting their ability to withstand small and large calibre bullets. Similarly, TARDEC’s ballistic live fire tests underscored the tanks’ durability, with only armour-piercing rounds penetrating the Hydrogen Tank, leading to controlled venting without catastrophic failure.

And just when you thought the crescendo complete, TARDEC elevated the stakes by firing a Rocket Propelled Grenade (RPG) at a Type IV Hydrogen Tank. Upon impact, the hydrogen tank was found to be penetrated by the RPG and vent swifty . However, even under such extreme conditions, Hydrogen tank displayed remarkable resilience, remaining otherwise intact, limited shrapnel, and avoided catastrophic bursting.

Beyond Bulletproof

Modern hydrogen tanks also incorporate advanced valves inspired by professional high-pressure firefighting systems, designed to promptly respond to any pressure, thermal, or impact activity. With multiple layers of materials, including additional carbon fibre composites and flame-resistant compounds, our tanks prioritize safety while facilitating rapid and controlled hydrogen release in case of malfunction.

Legislation and Continuous Improvement

Despite historical misconceptions, hydrogen technology has been utilized for industrial purposes for nearly two centuries, ensuring stringent safety standards. H2X Global remains committed to ongoing improvement, actively engaging with global communities and regulatory bodies such as the US DOE’s (Department of Energy or Energy Department)) Hydrogen and Fuel Cell Technologies Office and the AIChE to advance safety measures and best practices.

As we embark on this journey towards a sustainable transportation future, H2X Global invites our partners, collaborators, and customers to join us in driving the change towards hydrogen-powered vehicles.

Follow H2X Global’s journey towards safer, sustainable transportation on our website and social media channels.

#HydrogenMobility #SustainableTransport #ZeroEmmission

Driving Change: The Case for Zero-Emission Hydrogen-Powered Vehicles

The transport sector is responsible for 20 to 30 % of all greenhouse gas emission, urgent action is imperative. Here’s why zero-emission hydrogen-powered vehicles make sense:

 

  1. Lower Total Cost of Ownership: With fewer moving parts, Fuel Cell Electric Vehicles (FCEVs) have lower lifetime costs and minimal downtime compared to traditional Internal Combustion Engine (ICE) vehicles.
  2. Adaptable: With diverse needs across various vehicle applications, FCEVs emerge as the optimal solution for commercial use. Unlike Battery Electric Vehicles (BEVs), which compromise loading capacity due to heavy batteries, FCEV trucks maintain comparable payloads to traditional ICE vehicles. Additionally, FCEVs offer flexibility by allowing the addition of extra tanks to extend driving range as needed.
  3. Harnessing Hydrogen as an Energy Carrier: Both Hydrogen ICE and FCEVs utilize hydrogen as an energy source with more energy friendly storage as opposed to other fuel options.
  4. Refuelling Efficiency: Rapid refuelling times of hydrogen-powered vehicles, especially FCEVs, translate into enhanced work capacity and reduced downtime for fleet owners.
  5. Seamless Integration into Existing Infrastructure: Hydrogen ICE and hydrogen FCEVs can use the same refuelling stations, many requiring minimal investment for infrastructure adaptation. This contrasts with other electrical charging systems, which require massive investments for a full-scale rollout.
  6. Innovative FCEV Technologies: H2X proprietary capacitors do not need any separate lithium batteries, resulting in cleaner energy and superior performance and longevity.
  7. Embracing Global Initiatives: From UN Climate Action initiatives to collaborations between cities (https://www.c40.org/cities/ ) transforming transport is a global priority.
  8. Shift to Fossil-Free Powertrains: Environmental concerns demand a shift away from fossil-fuelled vehicles. FCEV solutions not only address these concerns but also align with existing user needs.

Follow H2X and join us on the journey towards better transport solutions as we strategically target the commercial transport sector.

Article written by Antony Tolfts, Magnus Olsson, Ian Thompson & Amber Wright

 

Third Letter From The CEO

Dear Investors, Colleagues, Customers and Partners,

Friday 5th April, marks two months since I assumed the role of CEO at H2X. In that short period, I am encouraged by the immediate positive changes we’ve made in refocusing our business. Our priority is now directed towards achieving a significant milestone: becoming the pioneer in producing the world’s first hydrogen-powered 4×4, the “Warrego.” I am particularly pleased by the board’s recent decision to elect James Walker as Chair of H2X. James’s 30 plus years of executive and board experience adds a wealth of knowledge in scaling businesses and in LSE IPOs given his experience as CFO of Seeing Machines Ltd (LSE:SEE) in their London public market debut.

H2X is also grateful for continued government support from Australia, the Netherlands, and Sweden, who are assisting in the commercialization of hydrogen vehicles. As you may be aware, H2X already has an order book totaling a max. of AUD $48.5 million. Our technology and team are ready to fulfil these orders in a timely and efficient manner. In anticipation of Warrego’s EU homologation, we are
in the process of reconfiguring our website to enable the acceptance of vehicle deposits, enhancing accessibility for further orders.
To facilitate these immediate milestones, we have launched a small capital raise with our corporate advisor, Barclay Pearce Capital (BPC). This funding will complete accreditation for Warrego for road use in Europe and the UK, a significant moment for H2X. Any Wholesale investors seeking further information on this current investment opportunity, please contact BPC or myself. I wanted to bring to your attention that the current offer is scheduled to close on 12 April (this Friday). However, due to high demand, there is a likelihood it will close early. If you are interested in participating, I advise you not to wait until the deadline Inside the business, our Dutch engineering site recently hosted a global Toyota fuel cell team. Our partnership with Toyota Motor Corporation remains pivotal as we collaborate on the powertrain design of hydrogen Fuel Cell Electric Vehicles (FCEVs) and allow H2X access to the best fuel cell in the world, without the
development cost. During this meeting, we unveiled our new product portfolio= plans, including the Warrego, Paroo, and Yarra models, outlining our long-term volume projections, and showcased our proprietary technology that scales across our models, significantly our unique H2 tanks. The Toyota team was enthusiastic about our plans and will remain a close partner moving forward.

For our London-based shareholders, H2X’s CTO, Ian Thompson, will be speaking at the Smart Manufacturing for Automotive Europe 2024 conference. Ian will present on how H2X’s Micro Factory achieves flexibility and efficiency in producing customised vehicles. Ian has vast automotive experience, including the: Opel Speedster, Proton Satria GTI, famously representing Lotus and designing and retrofitting the first 1,300+ Tesla Roadsters and now the H2X Warrego. Finally, for those interested in hearing a bit more about hydrogen as a commercial fuel and H2X’s place in the value chain, I highly recommend you listen to the BPC Corporate Showcase podcast. As battery-powered solutions encounter limitations, particularly in applications such as 4x4s, Vans, and Trucks, hydrogen emerges as a compelling alternative. Our vehicles offer unparalleled reliability across a wide temperature range, swift refueling times, and superior haulage capacity, positioning H2X as the preferred choice for various commercial driving applications.For existing shareholders, I invite you to a company update at 11am (Sydney time) on Tuesday, 9 April. I look forward to providing you with an update on recent progress, upcoming milestones, and our overall strategic direction.

Thank you for your continued support for H2X.

Warm regards,
Antony Tolfts
Chief Executive Officer,
H2X Global

The Hydrogen Future.

Our world is constantly changing, and at H2X Global, we don’t anyone left behind in our quest to leave more behind for our future generations. Our goal is simple, to provide you with a cleaner, more efficient vehicle to keep you and your family doing the things they love now, and into the distant future.

The Problem
Transportation accounts for 24% of global CO2 emissions annually. Finding a new zero solution is vital to limit global warning.

Why is this a problem?
Whilst corporations make up the vast majority of emissions harming our planet, we can make an impact too by switching to environmentally conscious fuel sources. With everyone owning a personal vehicle and opting to use it over public transport, the numbers add up quickly.

How does Hydrogen change that?
Taking the power of combustion and replacing the fuel source from gasoline to Hydrogen provides one major important change in addition to several smaller beneficial ones and that major one is output. The output from a combustion reaction involving hydrogen results in a clean emission of H20.

Government Response
The Paris Agreement commits to net zero carbon emissions by 2050. Individual countries have legislated various plans to achieve this target.

Battery EVs
Provide a zero emission transport solution but possess significant drawbacks curtailing universal adoption.

Why is this a problem?
The main issue with EV’s is the same thing that makes them attractive. The battery. These batteries hold a limited charge and eventually live out their usefulness needing to be replaced. The batteries themselves are made with lithium which whilst powerful, has a detrimental effect on the environment when they must eventually be put to landfill. Furthermore, the battery is only as green as the source that powers it. So if the powerbank is getting their power from burning fossil fuels in the first place, we have merely put petrol in our care by proxy.

How does Hydrogen change that?
By switching to hydrogen, the engine remains permanently and the hydrogen can be nearly endless refilled to provide power to the engine. No excess emissions required and merely h20 as a byproduct.
Superior Energy Density
Hydrogen is the most energy dense molecule in the universe at 147 MJ/kg in comparison lithium batteries hold 0.5 MJ/kg. This enables lighter vehicles and higher haulage capacity.

How will that assist the environment and transport?
The air to fuel ratio created by this density is much more efficient than the standard. The highest ratio in a gasoline engine sits at 37.1:1. When compared with an Air to Fuel ratio of 180:1, it is easy to see why the engines start quicker and have an increased fuel efficiency.

Faster Refueling
Hydrogen vehicles can be refuelled materially quicker than BEVs making them more suitable for commercial applications where high asset utilisation is important. How is this convenient? By now most people are used to filling up at a tank. With hydrogen engines, we need not switch or methodolgy and thinking to having to charge avehicle for a set amount of time. Instead, the hydrogen is pumped in much the same as you would already pump petrol into your car.

Lower Mineral Intensity
Hydrogen fuel cells are less mineral intensive than batteries resulting in less critical mineral mining, a materially longer useful life, and simpler recyclability.

How is this convenient?
Hydrogen Fuel cells are not only made from less mineral intensive materials in regards to environmental impact, but are also powered through non-harmful renewable power generators such as solar , geo-thermal and wind turbines.

When looking to the future the answer is as clear as our byproduct. A hydrogen vehicle or fleet of hyrogen vehicles will lighten each of our footprints and help to preserve the Earth for our future generations, whilst protecting and providing for our current ones.

H2X Global and KTM unveil revolutionary hydrogen van prototype

Man doing a presentation on stage. Large screen behind saying Origami Chassis.

Aachen, Germany: Hydrogen Fuel Cell Vehicle manufacturer H2X Global, in partnership with global automotive engineering firm KTM Technologies GmbH unveiled their groundbreaking Hydrogen Professional Van prototype at the recent Body Engineering Days Conference.

The partnership involves the two companies working together to develop innovative solutions for strong lightweight vehicle bodies.

The conference was attended by more than 180 automotive industry experts representing leading vehicle manufacturers including BMW, Tesla, Honda, and many other OEMs and suppliers.

The unveiling of the Hydrogen Professional Van prototype, presented by KTM on behalf of H2X Global, captured attendees’ undivided attention, sparking strong interest and in-depth discussions. The unanimous sentiment among attendees was that H2X Global’s concept offered a “refreshing” perspective within the automotive industry, particularly for professional drivers.

H2X Global is currently in discussions with a key supplier who will verify and validate H2X Global’s current project status, emphasizing their expertise in roll-forming T4/T6 aluminum sheets, a pivotal element in the manufacturing process.

Chris Reitz, Chief Design Officer and Co-Founder of H2X Global stated “H2X Global remains steadfast in its commitment to redefining sustainable transportation solutions, with a dedicated focus on hydrogen-powered vehicles tailored to professional drivers’ unique needs. The overwhelming response at Body Engineering Days underscores the industry’s acknowledgement of H2X Global’s pivotal role in pioneering hydrogen mobility solutions”,

Andy Schuhmacher, Technical Project Manager for KTM Technologies stated” KTM is thrilled to have collaborated with H2X Global on the unveiling of the Hydrogen Professional Van prototype at the Body Engineering Days conference. This partnership has allowed us to witness firsthand the innovative vision and dedication of H2X Global in pioneering hydrogen-powered solutions for the automotive industry. As a company committed to pushing the boundaries of automotive engineering, KTM recognizes the immense potential of hydrogen technology in creating environmentally friendly and groundbreaking vehicles.

Man doing a presentation.

H2X Global and NF Co., LTD. Unite to Revolutionize Green Hydrogen Mobility and Driver Well-being. 

H2X Global and NF Co. LTD signs Memorandum of Understanding

MELBOURNE, AUSTRALIA & BUSAN, SOUTH KOREA  

September 22, 2023 

H2X Global Limited and NF Co., LTD. are excited to announce a groundbreaking Memorandum of Understanding (MoU) that not only signifies their commitment to advancing green hydrogen mobility but also introduces an innovative approach to driver well-being. 

The signing of this MoU marks a pivotal moment in the journey towards a sustainable and healthier future for global mobility. H2X, known for its leadership in Hydrogen Fuel Cell Vehicles (FCEV) and Fuel Cell Power Applications, is taking a bold step by addressing driver well-being within its vehicles. NF is a well-known oxygen concentrator manufacturer in South Korea, offering a wide range of oxygen supply products, with an expected revenue of $15 million in 2023. Recently, the company has developed a unique in-car oxygen supply system, “O2REX-V,” which provides fresh, high-concentration oxygen to drivers to reduce fatigue and improve concentration, preventing drowsiness and accidents. This product has attracted great attention in the recent market trend where the “health, well-being and safety” of drivers has become the most important topic. 

Key Highlights of the MoU: 

  1. Technical Collaboration: H2X and NF are partnering to manufacture Hydrogen Fuel Cell Vehicles and Fuel Cell Power Applications across various service sectors.
  2. Innovative Cabin Integration: A revolutionary aspect of this collaboration is the integration of NF’s oxygen concentrator into H2X vehicles. This concentrator, capable of delivering around 90% oxygen, is positioned to face the driver, creating an oxygen-rich environment inside the vehicle, about 40% higher than typical levels. This innovation aims to keep drivers alert, awake, and potentially happier during their journeys.
  3. Feasibility and Testing: Both parties have agreed to collaborate on feasibility studies and testing, with the goal of infusing the same level of sustainability found in H2X vehicles into the cabin. This initiative is not only about providing cleaner vehicles but also about enhancing the quality of life for drivers.
  4. Environmental Impact: The collaboration will assess the environmental impact of these innovations, contributing to a more sustainable and holistic approach to mobility.
  5. International Collaboration: H2X’s global reach and NF’s expertise will be leveraged to explore opportunities in various markets, fostering mutual growth.

The MoU outlines the roles and responsibilities of each party, emphasizing the importance of compliance with applicable laws and ethical standards. Confidentiality measures are in place to protect sensitive information shared during the collaboration. 

Mr. Brendan Norman, CEO and Co-Founder of H2X Global Limited, expressed his excitement about this pioneering endeavour: “Our partnership with NF goes beyond traditional collaboration. By integrating their oxygen concentrator into our vehicles, we aim to redefine driver well-being and contribute to a healthier and more alert driving experience.” 

Dr. Sangkon Lee, CEO/President of NF Co., Ltd., shared his perspective: “NF is dedicated to enhancing lives, and this collaboration aligns perfectly with our mission. We believe that not only will our technology contribute to greener mobility, but it will also make a significant difference in the well-being of drivers.” 

 

Both H2X Global and NF Co., LTD. look forward to a transformative collaboration that will lead to innovative solutions for cleaner, greener, and happier mobility. 

 

H2X Global Limited 

Tony Blackie – [email protected] 

Bill Moss – [email protected] 

NF Co., LTD. 

David Choi – [email protected] 

Hydrogen Fuel Cell Trucks: Second Contract from Renova AB

H2X Global secures a second contract from Renova AB for Hydrogen Fuel Cell trucks for the City of Gothenburg, Sweden. 

H2X Renova 2nd Contract

  •  H2X Global awarded contract valued at up to 240 million Swedish Kronor ($US22.9 million) 
  • Vehicles to form part of Gothenburg City’s zero emissions fleet


Gothenburg, Sweden, Thursday 18 May, 2023 – H2X Global
has been chosen as supplier of FCEV significant fleet-wide contract worth up to 240 million SEK, by Renova AB for the purchase of hydrogen fuel-powered commercial trucks for the city of Gothenburg.  

Upon completion, this contract will establish the largest fleet of its kind in Sweden. 

The award, received by H2X Global’s subsidiary H2X Gothenburg AB, comes from a second public tender released in December 2022. H2X Global has successfully secured vehicles in 12 out of the 13 categories specified in the tender, covering both 18 and 26 tonne vehicle classes.  

The hydrogen fuel cell-powered trucks are designed to meet a range of truck configurations required by Renova, including tail lift dumpers, garbage compactors, hook lifts, and crane loaders. The vehicles offer the same range and load capacity as traditional fossil-fuelled vehicles while delivering zero emissions. 

Renova AB, the city’s waste management operator owned by ten municipalities in western Sweden, will be responsible for operating these vehicles. The development and operation of the vehicles are planned to take place over the next three years. 

Furthermore, the introduction of these vehicles will drive demand for the hydrogen refuelling station commissioned by Hynion, among others. The station, set to open near Renova by Q1 2024, will support Gothenburg City and Renova AB in their commitment to transition their fleet to zero emissions. 

The commitment is to assemble the vehicles locally in Sweden. This approach will contribute to employment generation in the region of Gothenburg while improving logistics and sustainability in production. These commitments form a vital part of H2X Global’s local development and its goal of making hydrogen a cost-competitive solution for the decarbonization of back-to-base fleet operations. 

Bill Moss – H2X’s Head of Sales & Marketing stated, The award from Renova AB and the City of Gothenburg is a testament to H2X Global’s outstanding products and service to its clients in the transition towards zero-emissions. This recognition acknowledges H2X Global’s leadership among other OEMs in achieving the goal of decarbonizing the commercial transportation and waste sectors.” 

Peter Westh, H2X’s Head of Northern Europe stated,” The new range of vehicles offered by H2X has been developed to perfectly meet the needs of the Scandinavian and European markets for zero-emission commercial vehicles. This aligns with the latest directives in Sweden for energy transition and complements European projects focused on carbon-free mobility solutions.”  

 


About H2X Global 

H2X is an automotive and power unit company focused on absolute sustainability. The company is focused on harnessing the most efficient and effective technologies, with the onus on capturing free and renewable energy sources. A specialization in hydrogen is the basis of H2X’s growth, however, with a strong platform as a maker of electrically powered vehicles, the company has a versatile approach to finding the right vehicle for the right task. H2X Global has operations in Australia, Malaysia, India, and throughout Europe. www.h2xglobal.com 

About Renova AB 

The Renova Group is owned by ten municipalities in western Sweden. Our mission is to collaborate with our owner municipalities in taking responsibility for waste and recycling over the long term. We aim to deliver community benefit through business activities and to actively contribute to sustainable development within our owners’ region. 

The Group consists of the parent company Renova AB and subsidiary Renova Miljö AB. The parent company is the owner-municipalities’ own waste expert and conducts tasks directly allocated by them. The subsidiary Renova Miljö AB operates on a competitive market and offers complete solutions in waste and recycling to businesses, municipalities, and other public enterprises in our owners’ region. 

Our goal is to always be able to offer the market’s best range of services within our industry, with environment, quality and customer service remaining paramount. 

About The city of Gothenburg  

Gothenburg is the innovation powerhouse of Sweden, and the country’s second largest city. Situated at the west coast it harbours Scandinavia’s largest port. Business Region Gothenburg is the municipality’s non-profit company working to strengthen and develop trade and industry in the Gothenburg region, offering competence and contacts within a wide variety of areas and industries.  


 

For further information contact: 

 

Peter Westh 

Head of H2X Global for Northern Europe 

Phone +46707804041 

Email [email protected] 

 

Bill Moss 

Head of Sales & Marketing 

Phone +447766815285 

Email [email protected] 

 

Tony Blackie 

VP Communication & Media 

Phone +61 411 743 142 

Email [email protected] 

Trust an Aussie company to come up with a hydrogen-powered ute

Hans van Leeuwen
Europe correspondent
May 19, 2023 – 7.21am


Rotterdam | It has taken an Australian-founded company to bring that definitive Aussie touch to the embryonic market for hydrogen vehicles. At the hydrogen industry’s global jamboree in Rotterdam last week, H2X showcased a hydrogen-powered ute.

H2X’s stall at the back of the Dutch city’s cavernous exhibition centre attracted an almost constant crowd of the keen and the curious, gazing raptly at the converted Ford Ranger with a hydrogen motor under the bonnet.

 

H2X co-founder Chris Reitz with a prototype hydrogen-fuelled ute. Hans van Leeuwen

“We made it a 4WD – that got us a lot of response, more than we expected,” H2X co-founder Chris Reitz told AFR Weekend as he stood by and spruiked his Australian-born start-up.

The Warrego has a top speed of 130 kilometres an hour and a range of about 500 kilometres from its fuel tank, made of woven carbon fibre and containing 4.8 kilograms of hydrogen.

But if you’re wondering where you might refill the tank, therein lies the catch. In the worldwide absence of any network of hydrogen fuelling stations, H2X’s pitch is to owners of professional fleets – companies with a base at which refuelling can take place.

“The backbone of our business is professional drivers – so we work with fleets and back-to-base set-ups,” Mr Reitz said.

He sees that as a positive, as it allows H2X to start building scale before countries get a full hydrogen-vehicle refuelling infrastructure in place.

“We solve the whole chicken-and-egg problem,” he said.

A big company in the vehicle manufacturing chain, known as an OEM (original equipment manufacturer), would need to launch a new product at national or even continental scale.

“They won’t reach the numbers to break even at that point. To do that they need an infrastructure of filling stations covering that continent,” Mr Reitz said. “We can deliver, say, an 800-vehicle order, whereas OEMs need to think big.”

Mr Reitz said bus and truck fleet owners would be attracted to hydrogen because they have to run the vehicles up to 24 hours a day, so they would prefer the faster refuelling time. It takes so much longer to recharge a battery that you might need twice as many vehicles, to cover for those that are on charge.

“We believe battery has its place, we never criticise it. But for certain applications, hydrogen has the advantage that you can refuel in the time that you are used to,” he said.

 

Calling card

For both its utes and trucks, H2X will initially drop its hydrogen power trains into existing models, like the Ford Ranger on display in Rotterdam.

It is unlikely, though, that Australians or Europeans will see thousands of Warregos on the road – Mr Reitz described it as more of a calling card.

“There is high demand for utes, but they are expensive for us because we need to buy them and retrofit them. So the margin is not there,” he said.

“We will do a limited number. It’s a demonstrator product. We’re using it as a test for the production of a 3.5-tonne van.”

The Darling van is the subject that gets Mr Reitz most animated. The company has been looking at ways to manufacture it less carbon-intensively. This involves making a chassis almost origami-style, rather than pressing it together in energy-guzzling stamping facilities.

The van prototypes are being made in Germany and the Netherlands, with production of up to 70,000 vehicles a year to start at a first factory potentially as soon as 2026.

 

A computer image of H2X’s planned hydrogen-fuelled van.


H2X also has a plant in Sweden, where it is installing hydrogen engines into the chassis of 18-tonne and 26-tonne trucks for clients in that region. In Gothenburg, they have a contract to supply garbage trucks, and the council has its own hydrogen filling station.

The company’s vision is to produce its vehicles at small plants in each country where it gets enough demand, rather than shipping vehicles around the world. The target markets are north-western Europe, South-East Asia and Australia.

“We will produce in situ – that’s more sustainable. Big manufacturers need to produce in a very different way because they are on a different scale to us,” Mr Reitz said.

He and Australian co-founder and CEO Brendan Norman set up H2X in 2020 after having worked together with Chinese group Grove Automotive, until the COVID-19 pandemic got in the way of that partnership.

The original plan was to produce cars for the retail and industrial markets in the NSW town of Port Kembla, but the focus has shifted to a more step-by-step strategy involving professional fleets in Europe.

Standing right next to the ute, though, it is hard not to feel that the promise of everyday drivers being able to choose hydrogen might be within touching distance.

Mr Reitz cautiously agreed: “I believe it will penetrate the market more and more. It’s a little bit like diesel versus gasoline: there will be complementary technologies. Diversity is good for any market.”

 

https://www.afr.com/companies/manufacturing/trust-an-aussie-company-to-come-up-with-a-hydrogen-powered-ute-20230519-p5d9la