Pure Hydrogen subsidiary HDrive International to supply first zero emissions buses to NSW market
Australian clean energy company Pure Hydrogen Corporation (ASX: PH2) will supply two electric mini-buses valued at over $700,000 to Sapphire Coast Buslines in New South Wales.
The deal was secured through Pure’s subsidiary HDrive International, in which it has a 60% equity interest.
Under the terms of the deal, HDrive will supply two battery electric (BEV) 18-seat mini-buses on a cash basis during the first quarter of 2024.
The zero emissions vehicles have a range of 325 kilometres and are powered by a 31 kilowatts per hour CATL (Contemporary Amperex Technology Co) battery.
Configured to carry 18 passengers, they feature a low floor design to improve accessibility and efficiencies during operation, including reduced stopping times.
First zero emissions buses
Pure Hydrogen managing director Scott Brown said the company was pleased to be delivering the first zero emissions buses into NSW.
“The fast-charging electric capability together with the low floor design is a compelling option for transit companies seeking to improve their green credentials and low their operating costs,” he said.
“Similar to other battery electric options currently used by countries leading the transition to clean fleets, these buses feature lower noise and less vibration compared to their diesel counterparts which makes them better for communities.”
Similar contracts
Mr Brown hoped it would be the first of many similar contracts in future.
“We are investigating using hydrogen generators and electric charging equipment to supply customers so they can be truly zero emissions and not rely on grid power,” he said.
“With strong interest in our range of buses and trucks, we are taking steps to ensure we can deliver compelling solutions including procurement of high-quality assets, competitive rental terms, long-term supply of clean hydrogen fuel, maintenance services and end-of-life re-fits.”
While Sapphire Coast Buslines opted to pay cash for the mini-buses, Mr Brown said Pure Hydrogen was establishing a $125 million asset financing facility so customers could remove the up-front capital burden associated with large equipment purchases.