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First Hydrogen (TSXV:FHYD) begins vehicle trials with Rivus

 Trevor Abes Trevor Abes , The Market Online
0 Comments| May 2, 2023

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  • First Hydrogen (FHYD) has initiated trials of its hydrogen fuel cell-powered vehicle (FCEV) with Rivus
  • The FCEV will travel through varied routes across Birmingham and South Yorkshire in the U.K. to collect data on fuel consumption, mileage and vehicle efficiency
  • First Hydrogen will use the data to optimize vehicle configuration and enhance total cost of ownership
  • First Hydrogen is focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems
  • First Hydrogen (FHYD) last traded at $2.56 per share

First Hydrogen (FHYD) has initiated trials of its hydrogen fuel cell-powered vehicle (FCEV) with Rivus.

Rivus supports some of the U.K.’s largest and most critical fleets and manages approximately 120,000 vehicles, including 85,000 LCVs.

Engineers at Rivus’ Support Centre in Birmingham, U.K., will monitor the vehicle as it’s driven with payloads of various sizes over varied terrain around Birmingham and South Yorkshire. The tests will offer valuable data on fuel consumption, mileage and vehicle efficiency to help First Hydrogen optimize vehicle configuration and enhance total cost of ownership.

Rivus will also compare the zero-emission FCEV to battery electric vehicles and internal combustion engine vehicles using the same tests under its own independent analysis.

An initial 16 major fleet operators from industries including grocery, delivery, utilities, and healthcare have registered an interest in participating in the 12-to-18-month vehicle evaluation.

The news follows the successful completion of safety and mileage accumulation tests.

Click to enlarge
Source: First Hydrogen.

First Hydrogen is focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems.

First Hydrogen (FHYD) Stock last traded at $2.56 per share.

The materials provided in this article are for information only and should not be treated as investment advice. For full disclaimer information, please click here.





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