The hydrogen-powered ‘Taurus’ truck. Source: Pure Hydrogen
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Pure Hydrogen (PH2) is set to launch Australia’s first hydrogen fuel cell prime-mover at the Brisbane Truck Show in May
  • After the launch, the ‘Taurus’ truck will undergo trials with PepsiCo as part of a previously-inked term sheet with PH2
  • The Taurus is a 220-kilowatt, six-by-four prime mover with a hydrogen refuelling point and state-of-the-art features such as a low-voltage power storage system and luxurious cabin interiors
  • The company says its appearance at the Brisbane Truck Show marks the next step in its go-to-market commercialisation strategy
  • Shares in PH2 are up 9.38 per cent and trading at 17.5 cents at midday AEST

Pure Hydrogen (PH2) has announced the launch of Australia’s first hydrogen-powered prime mover at the Brisbane Truck Show on May 18, 2023.

The ‘Taurus’ is an Australian-designed, 220-kilowatt, six-by-four truck with a hydrogen refuelling point and state-of-the-art features including a low-voltage power storage system and “luxurious” cabin interiors.

Pure Hydrogen said the launch at the Brisbane Truck Show would be the start of trials with global food and beverage conglomerate PepsiCo under a term sheet inked back in September 2022.

The company said the launch was the next step in its go-to-market commercialisation strategy.

PH2’s appearance at the Brisbane Truck Show will include a live demonstration of the use-case for hydrogen-powered commercial vehicles such as prime movers, garbage trucks and cement mixers to relevant participants.

“The live demonstration marks the culmination of a successful six-month co-development period, with no delays to the stated production timeline,” PH2 Managing Director Scott Brown commented.

The company confirmed representatives would be at the event in Brisbane for sales discussions with potential customers.

Pure Hydrogen holds exclusive rights to the truck design in Australia, with the potential for multi-vehicle orders following the completion of the trial period.

The company is also developing the country’s first hydro-powered garbage truck, which will be trialled by JJ Waste and Recycling, on track to be delivered by the end of the quarter.

Shares in PH2 were up 9.38 per cent and trading at 17.5 cents at midday AEST.

PH2 by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: RBA keeps rates on hold amid sticky inflation | November 5, 2024

The Reserve Bank Board has kept interest rates on hold at 4.35% in line with consensus…
The Market Online Video

Timing will be everything for ‘smashing’ Hot Stock tip Judo Capital Holdings

Australian bank Judo Capital Holdings (ASX:JDO), best known for its finance and credit for small and medium-sized businesses, is
The Market Online Video

‘We’re looking’: Nickel-rich Indonesia sounds graphite warning to Aus producers

Nickel-rich Indonesia muscles in on Australian graphite producers as the Southeast Asian country expands into downstream…
Confused man

Aussie inflation seemingly hit a 3 year low. So why’s the ASX200 red?

Headline inflation in Australia has fallen to 2.8%, and that officially takes us into the RBA's…