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Pure Hydrogen (ASX:PH2) to Develop Australia’s First Hydrogen Powered Garbage Truck

ASX News, Energy, Renewable Energy
ASX:PH2      MCAP $37.64M
21 March 2022 13:20 (AEST)
Pure Hydrogen (ASX:PH2) - Managing Director, Scott Brown

Source: Pure Hydrogen

Pure Hydrogen (PH2) has partnered with a waste collection provider to build Australia’s first hydrogen-fuelled garbage truck.

PH2 signed a binding term sheet under which it has entered a wet hire lease agreement with JJ’s Waste & Recycling to provide it with a Hydrogen Fuel Cell Side-Lift RCV truck to trial in South East Queensland at the end of this year.

Pure Hydrogen said if the trial was successful, it could potentially introduce more hydrogen-fuelled trucks into JJ’s 2000-truck fleet, helping to reduce the company’s carbon footprint.

In addition, PH2 will also deliver Emerald Hydrogen supply made from Waste-to-Hydrogen (waste avoiding landfill) via its refuelling service.

JJ’s Waste National Fleet Manager Owen Burton said the company felt it was “important to assist in the development of these [hydrogen fuel cell] technologies”.

“Vehicle technology is rapidly changing and we want to be able to offer our council customers the latest in environmentally-friendly vehicle options whilst ensuring maximum safety and reliability for our drivers and the public,” Mr Burton said.

PH2 said powering heavy commercial vehicles with affordable hydrogen would be a “game-changer” for the trucking industry given recent increases in the price and volatility of diesel.

“We believe this is the start of a new era for heavy commercial vehicles in Australia which will not only reduce and fix fuel costs but be cleaner and greener for the Australian environment,” Pure Hydrogen Managing Director Scott Brown said.

“It will also reduce our reliance on imported diesel by replacing it with hydrogen made in Australia.”

Pure Hydrogen was up 6.1 per cent today, trading at 44 cents at 12:43 pm AEDT.

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