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Hyzon realigns strategic priorities to focus on North American markets and refuse industry
Truck Industry Tech
Jun 24, 2024
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Truck Industry Tech

Truck Industry Tech

Jun 24, 2024

Hyzon realigns strategic priorities to focus on North American markets and refuse industry

Management news

  • Hyzon, a US-based manufacturer of hydrogen fuel-cell systems, announced plans to realign its strategic priorities to focus on its core North American markets and the refuse industry.

  • The company is reviewing its international markets for consolidation as part of its efforts to secure capital and explore strategic alternatives, which could include a sale of the company or divestiture of its Europe and Australia/New Zealand businesses. Hyzon has retained PJT Partners as its financial advisor to lead the ongoing capital raise efforts and explore strategic options. 

  • The realignment process will allow Hyzon to position its resources better as it prepares to launch fleet trials in the US and Canada. 

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