Benzinga | Dec 7, 2021 02:26PM EST

Hyzon Partners With Australia's Woodside For Commercial Hydrogen Production

* Hyzon Motors Inc (NASDAQ:HYZN) collaborated with Australia's Woodside Energy for developing a supply of zero-carbon intensity hydrogen and building demand from medium- and heavy-duty commercial vehicle customers in the U.S and Australia. The financial terms remain undisclosed.

* Under the agreement, the companies will evaluate opportunities to develop green hydrogen production facilities (hubs).

* Initially, the project will focus on liquid hydrogen supply projects to support Hyzon's future liquid hydrogen onboard mobility use cases.

* The hydrogen hubs will be developed and located to serve the demand for Hyzon ultra-long-range trucks and future high energy usage mobility use cases.

* Price Action: HYZN shares are trading higher by 12.4% at $7.09 on the last check Tuesday.