Hyzon announces fourth quarter 2023 financial and operating results

Announces first commercial delivery of fuel cell electric truck in the u.s. bolingbrook, ill. , march 22, 2024 /prnewswire/ -- hyzon (nasdaq: hyzn) (hyzon or the company), a u.s.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems focused on providing zero-emission power to decarbonize the most demanding industries, today announced its fourth quarter 2023 financial and operational results: recent highlights advanced single stack 200kw fuel cell technology from b-sample to c-sample development phase completed first deliveries in the united states, including four fuel cell electric vehicles (fcevs) to performance food group (pfg) at its vistar facility in fontana, california commenced trial deployment of a fuel cell electric waste collection truck with remondis australia, a global recycling, service, and water company deployed 19 fcevs in 2023 at the high-end of 15-20 fcev guidance range, including pfg deliveries and remondis commercial trial vehicle accelerated refuse program in north america through a recently announced joint development agreement with new way trucks, the largest private refuse equipment manufacturer in north america unrestricted cash, cash equivalents, and short term investments of $112.3 million as of december 31, 2023, from $137.8 million as of september 30, 2023 "2023 was an inflection point for hyzon from a commercial and operational standpoint.
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