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First Hydrogen's Hydrogen-Fuel-Cell Powered Parcel Vehicle Trials
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2023) - First Hydrogen Corp. (TSXV: FHY...
About this update from First Hydrogen Corp
[{"type":"text","content":"First Hydrogen's Hydrogen-Fuel-Cell Powered Parcel Vehicle TrialsVancouver, British Columbia--(Newsfile Corp. - August 23, 2023) - First Hydrogen Corp. (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) (\"FIRST HYDROGEN\" or the \"Company\") announces it will be opening up fleet trials to additional commercial opportunities in response to growing interest from parcel delivery companies seeking First Hydrogen's hydrogen-fuel-cell-powered vehicle (FCEV) for express deliveries. Following successful initial fleet operator road trials in the UK, the Company's proof-of-concept demonstrator vehicles are planned for operational trials with several parcel delivery companies looking to enhance their growing greener fleets starting late Q3 and Q4 of this year.Until now First Hydrogen has predominantly targeted industries, such as utilities, that require zero emission vehicles with the capability to travel further and carry heavier payloads. Parcel delivery companies face a specific set of challenges, which is encouraging them to explore other zero emissions technology in addition to battery technology to meet commercial and environmental targets. These fleets make up the middle and final stages of the supply chain, which traditionally handle shorter journeys to transport items from local hubs directly to consumers or end users. They are increasingly undertaking longer routes from distribution centers to lockers and shops with parcel collection services or \"pick up and drop off points\". With fewer stops, the locker model creates two thirds less carbon than conventional home deliveries, which could be reduced further when using greener vehicles1. A growing marketThe parcel delivery vehicle market size will surpass US$210 billion by 20322. The ecommerce boom continues to fuel growth of the delivery market. There are 9.1 million online retailers in the world, trading through their own ecommerce platforms or online marketplaces3, and sales are predicted to reach US$8.1 trillion by 20264. This retail channel contributes to the number of parcels and, as speed of delivery is crucial to service, it increases the number of delivery drivers on the roads and therefore the amount of vehicle emissions.Hydrogen mobility and deliveryFirst Hydrogen's engineers highlight that, while the vehicles were designed to sustain longer journeys, they have been equipped with hy...