Australian clean energy company Pure Hydrogen Corporation (ASX:PH2) has signed a Memorandum of Understanding (MoU) with Riverview International Trucks.
It is proposed Pure Hydrogen will set up distribution and sell its Taurus Prime Mover, HFC Garbage Trucks and Box Trucks to the American market through Riverview’s established operations in California.
Founded in 1981 and family owned, Riverview has extensive operations at two sites in California, Redding and West Sacramento. With a team of more than 90, they are an active supplier of ZE commercial vehicles to the American market. Riverview understands the ZE Heavy Duty Truck business in California and H Drive truck offerings will assist them in the competitive ZE market in California.
Under the MoU, Pure Hydrogen expects to begin supplying its battery electric (BEV) and hydrogen fuel cell electric (HFC) commercial vehicles commencing in CY2025 subject to Riverview being satisfied with its due diligence on the vehicles, the equipment being compliant for operation in America and definitive agreements between the parties being agreed upon prior.
“This MoU with Riverview presents us with another great entry point into the US ZE commercial vehicle market and it is another strong endorsement of the quality and range of our hydrogen powered vehicles,” Pure Hydrogen’s Managing Director Scott Brown.
“Our objective is to move this from an MoU to a definitive supply agreement in the coming months and capitalise on the unique and large opportunity that the US market presents. We continue to receive strong interest there and we expect to secure similar agreements across this market. We are actively exploring SKD assembly and will advise the market in the coming months.”
