Hyzon has announced that it will pull out of its Australian and New Zealand businesses and concentrate solely on the US market
U.S. based manufacturer and supplier of hydrogen fuel cell systems, Hyzon, has announced that after a comprehensive review of its business operations, the company has “started realigning its strategic priorities along several lines to focus on the Company’s core North American markets and the refuse industry”.
In a press statement released this week, Hyzon said: “In addition to the Company’s previously disclosed efforts to secure capital, the Company announced that it has retained PJT Partners as its financial advisor to lead the ongoing capital raise efforts including via capital markets transactions, and to explore a full range of strategic options for the Company, which could potentially include a sale of the Company and/or a divestiture of its Europe and Australia/New Zealand businesses and subsidiaries, amongst other alternatives.”
hsnoil on
I guess they ran out of gullible people in Australia and NZ, something we never run out of here in the US
tech01x on
The U.S. is still spending major subsidies on this boondogle.
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From the article:
Hyzon has announced that it will pull out of its Australian and New Zealand businesses and concentrate solely on the US market
U.S. based manufacturer and supplier of hydrogen fuel cell systems, Hyzon, has announced that after a comprehensive review of its business operations, the company has “started realigning its strategic priorities along several lines to focus on the Company’s core North American markets and the refuse industry”.
In a press statement released this week, Hyzon said: “In addition to the Company’s previously disclosed efforts to secure capital, the Company announced that it has retained PJT Partners as its financial advisor to lead the ongoing capital raise efforts including via capital markets transactions, and to explore a full range of strategic options for the Company, which could potentially include a sale of the Company and/or a divestiture of its Europe and Australia/New Zealand businesses and subsidiaries, amongst other alternatives.”
I guess they ran out of gullible people in Australia and NZ, something we never run out of here in the US
The U.S. is still spending major subsidies on this boondogle.
Hard pass