A SMART INVESTMENT VEHICLE
STRATEGIC INVESTMENT
First Hydrogen is a unique opportunity to invest in a ground-up, clean hydrogen mobility (utility van) – with no typical OEM legacy costs from fossil fuel or previous EV investments.
profitable model
A light and nimble business model – supplier and technology agnostic – provides ultimate control and flexibility to use widely available components from preferred global suppliers.
design efficiencies
First Hydrogen has significant market advantage and cost reductions through a design and integration strategy using existing (best of) technology and a tried and tested chassis.
powerful partnership
As world recognized leaders, AVL and Ballard Power are coming together with First Hydrogen to design & power a zero-emissions utility van offering reliability, ownership and servicing costs that are second to none.
GOVERNMENT SUPPORT
The EU & UK (target market) brings increased support for clean energy solutions through InvestEU’s investment and grant programs – part of the EU’s recovery strategy for “kickstarting a clean hydrogen economy in Europe”.
market opportunity
We are riding on the booming digital economy with a specific focus on the Global Logistics Market and its’ struggles to meet reduced emissions targets.
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Market Challenge
Despite the development of more efficient vehicles, emissions from transport are rising. Mitigation strategies are needed to reverse emissions growth and comply with new mandates all while meeting increased demand for mobility and freight.
Demand is increasing
E-commerce is pressuring transport on last mile logistics, low delivery costs, and expedited delivery.
EMISSION TARGET PRESSURES
Stricter EU emission targets roll out starting 2025 that petrol and diesel engines will not meet.
ELECTRIC CAN’T REPLACE DIESEL
Electric vehicle (EV) battery technology weight, recharge time and short range are not suited to commercial transportation. Additionally, National grid constraints are a bottleneck to the rollout of EV charging stations.
Significant charging infrastructure investment is needed to meet EV electricity needs and lithium-ion batteries use rare earth metals that are in decline.
ZERO EMISSIONS
INFINITE OPPORTUNITY
With a global race to zero-emissions, the EU is particularly challenged with aggressive reduction mandates. With available InvestEU investment and grants, the high contributing commercial transport sector presents one of the largest needs and opportunities for a new zero-emission, long range utility van option.
EXECUTIVE SUPPORT OF HYDROGEN
Most industry executives worldwide believe FCEVs will break through in industrial transportation, according to KPMG’s 2020 Automotive Executive Survey.
POWERTRAIN DIVERSITY
Hydrogen’s lightness and quick refuelling give fuel cell technology the advantage over EV for long distances, while also meeting commercial transport power and load needs.
A TURNOVER OPPORTUNITY
The 29 million EU and 3.9M UK vans are aging. With optimal fleet replacement at 5 years, the current average van age of 10.9 years points to pending large-scale turnover. In 2021, zero emission van spending in the UK alone is set to hit 16bn pounds, up ~50% from 2020. In the US, sales are +16% in the past 5 years, with Canada +6%.
OUR
ZERO-EMISSION
UTILITY VAN
Reliability, ownership and servicing costs of First Hydrogen’s utility van will be second to none. We are delivering significant market advantage with a design and integration strategy utilizing existing (best of) technology and tried, tested and widely available chassis, electric motricity, fuel tanks, fuel cells and a balance of systems.
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OUR
ZERO-EMISSION
UTILITY VAN
Reliability, ownership and servicing costs of First Hydrogen’s utility van will be second to none. We are delivering significant market advantage with a design and integration strategy utilizing existing (best of) technology and tried, tested and widely available chassis, electric motricity, fuel tanks, fuel cells and a balance of systems.
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Investor Highlights
For highlights of our zero-emission hydrogen powered van project, partnership, market overview and more, download a copy of our corporate deck.
