Hydrogen player H2X Global has big plans to launch its Australian produced hydrogen fuel cell electric vehicle (FCEV) in November.

And the company is already taking orders for its hydrogen fuel cell vehicle – the Warrego Ute – with delivery slated for April 2022.

H2X Global is also preparing for a listing on a major global exchange in late 2021/early 2022 and is currently undertaking a capital raising as it works to position itself as a world premium hydrogen vehicle manufacturer.

It’s a well-timed move, with the hydrogen fuel cell market predicted to grow from around US$16 billion in 2020 to nearly $27 billion by the end of 2025.


Refuelling speed key for customers

The Warrego’ Ute has a 200kW motor system, 66KW and optional 90KW fuel cell systems and 60-100KW output energy storage systems between battery and super capacitor units.

But the kicker is that the Warrego has a 500km driving range with a quick refuelling time of 3-5 minutes.

To put this in context, a hydrogen fuel cell vehicle generates electrical power by a chemical reaction via conversion of fuel (hydrogen) into electricity.

This reduces the refuelling time, improves efficiency, and increases the driving range of a vehicle – because the vehicle can be refuelled in a similar way and speed to traditional petrol-run vehicles.

The company says the ute shatters the myth that ‘green’ can’t compete with diesel.


Growing demand for sustainable transport

The Warrego is the first of the company’s range of fuel cell electric vehicles which will be released over the next 24 months.

H2X founder and CEO Brendan Norman said the range has been designed to meet a growing demand among vehicle owners for efficient, cost effective and sustainable cars, trucks, buses, and other forms of transport.

“We believe we are the first Australian company to produce a commercially viable vehicle to meet those demands,” he said.

The company said it has a wide network of support partners in Australia and is developing networks in key locations around the world capable of providing accelerated distribution, servicing, and after sales support.


Advantages over battery electric vehicles

Technology advancements in recent years have enabled FCEVs to refuel quicker and travel longer distances.

So, it makes sense that H2X is targeting high use vehicles for commercial and sharing purposes where the availability of the vehicle is key.

And this level of convenience lends itself well to professional vehicles that cannot afford to be off the road for long periods – like when recharging battery electric vehicles (BEVs).

The company is confident the business cases for hydrogen rather than battery electric for commercial vehicles is strong, not just because of the charging times, but also because of the limited expected life, and issues with the disposal of lithium batteries.

Establishing hydrogen ecosystems

The company says that, unlike traditional pilot projects, its product range will support a diverse range of units offering several options in any location to allow for hydrogen refuelling facilities to reach critical volume to be cost efficient within a year of operation.

Norman said this would set the pace for global hydrogen rollout programs.

“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.”

This article was developed in collaboration with H2X Global, 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.