H2X Global, a hydrogen company, has ambitious intentions to deploy a hydrogen fuel cell electric vehicle (FCEV) manufactured in Australia in November.
And the business is currently accepting orders for its hydrogen fuel cell vehicle, the Warrego Ute, which is scheduled to begin production in April 2022.
H2X Worldwide is also aiming for a late 2021/early 2022 IPO on a major global exchange and is now soliciting funds as it tries to establish itself as a world premium hydrogen car manufacturer.
This is a prudent approach, as the hydrogen fuel cell market is expected to increase from over US$16 billion in 2020 to roughly $27 billion by 2025.
The Warrego’ Ute is equipped with a 200kW motor, 66KW and optional 90KW fuel cell systems, and a 60-100KW output energy storage system comprised of battery and super capacitor units.
But the real kicker is that the Warrego boasts a 500-kilometer driving range and a 3-5-minute refueling time.
To put this into perspective, a hydrogen fuel cell car generates electrical power through a chemical reaction involving the conversion of fuel (hydrogen) to energy.
This saves refueling time, enhances economy, and extends a vehicle’s driving range – because the vehicle can be refueled in the same manner and at the same speed as conventional petrol-powered vehicles.
According to the manufacturer, the ute dispels the misconception that green vehicles cannot compete with diesel.
The Warrego is the company’s first of a planned 24-month rollout of fuel cell electric vehicles.
Brendan Norman, founder and CEO of H2X, said the line was created to address a growing need among vehicle owners for efficient, cost-effective, and sustainable automobiles, trucks, buses, and other modes of transport.
“We believe we are the first Australian company to produce a commercially viable vehicle to meet those demands,” he said.
The company stated that it has a large network of support partners in Australia and is expanding its network in major global regions capable of delivering expedited distribution, servicing, and after-sales support.
Recent technological developments have enabled FCEVs to recharge more quickly and cover longer distances.
Thus, it makes sense for H2X to target high-use vehicles for commercial and sharing applications where vehicle availability is critical.
And this level of convenience is ideal for professional cars that cannot afford to be off the road for extended periods of time – such as when battery electric vehicles are being recharged (BEVs).
The company is sure that the financial case for hydrogen over battery electric for commercial vehicles is compelling, not just due to charging durations, but also due to lithium batteries’ limited projected life and disposal difficulties.
Unlike previous pilot projects, the company claims that its product line will accommodate a varied range of units in any location, allowing hydrogen refueling stations to reach critical volume and become cost effective within a year of operation.
Norman stated that this would serve as a catalyst for global hydrogen deployment efforts.
“H2X works with hydrogen infrastructure providers and forward-thinking industries to establish ecosystems which are cost effective from the start, where we look to offer multiple applications of vehicles to make it easy to reach a critical mass in one location,” he said.
“This supports not only the refuelling exercise, but also allows us to establish high-quality after sales operations in all locations that our customers will be using hydrogen.
“Hydrogen ecosystems deliver an opportunity for a wide range of products to be delivered quickly – our products focus on this market.”