• The NSW Government has snapped up one of PH2’s hydrogen clean energy buses
  • The deal gives further confirmation of the growing market for EV transport solutions in regional areas

 

Special Report: Pure Hydrogen has received a binding purchase order from Wilba Transport on behalf of the NSW government for the delivery of one of its >$700,000 battery electric vehicle (BEV) EV70 Mini Buses for the regional Bourke jurisdiction.

Electric vehicle adaptation by Australia is growing at pace. Last year, it made up 7.2% of new vehicle sales and is on the rise – doubling year-on-year.

 

A growing market

The order forms part of an ongoing initiative by the NSW government which has contracted Wilba to expand its on-demand transport solutions in regions.

Under its subsidiary Hdrive International, Pure Hydrogen (ASX:PH2) will supply Wilba with an HDrive EV70 7.5m EV minibus that can seat 18 people and has a single charge range of up to 300km. and just a 45-minute recharge time.

The deal follows a previous order for Hdrive to supply two EV low-flow 18-seat minibuses to Sapphire Coast Buslines, a transport provider that operates on the northern coast of NSW.

Coming with wheelchair accessibility, the deal reflects the potential of this addressable market to grow as both private and public transport providers seek to transition to clean energy fleets. The current Mini Bus order from Wilba Transport means Hdrive now have orders in excess of $1.7 Million for its BEV and HFC Buses.

 

Image: Hdrive Mini Bus which is being tested before delivery to Sapphire Coast Buslines

 

Tapping into the US

Hdrive also recently received a purchase order in November 2023 for the delivery of two hydrogen fuel cell electric vehicles (HFCEV) valued at ~$1.22m from North American dealership Nutcher hydrogen.

The agreement sees Hdrive supply a 6×4 50T prime mover and 54-seater coach to be used by Nutcher hydrogen as demonstration vehicles and marks the subsidiaries’ first foray into the North American heavy vehicle market where Nutrcher specialises in the delivery of heavy fleet vehicles and machinery for industrial use.

PH2 MD Scott Brown says the latest purchase order for Hdrive adds to a growing pipeline of purchase orders and pilot testing programs in alignment with the company’s commercial development strategy for hydrogen-powered and EV solutions to serve growing demand in the heavy vehicle industry.

“With its first-mover advantage in this sector, Hdrive has established its operations as best-in-class and ongoing demand for its vehicle technology across different applications – from prime movers and industrial vehicles to passenger transport – reflects that growing footprint,” Brown says.

“We look forward to providing more updates on future purchase orders and the pending completion of our comprehensive pilot testing programs as the company executes on the next phase of its vehicle commercialisation strategy.”

 

 

This article was developed in collaboration with Pure Hydrogen, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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