Fuel-Cell Trucks and Trains

CLIENT BUSINESS  MODEL

• Substitute fuel cells for diesel in trucks and trains
• Deployment of fueling station infrastructures

FINANCIAL CHARACTERISTICS

• Heavy capital expenditure
• Capex offset by gains on TCO with cheap green hydrogen

EQUITY STORY USP

• Differentiation from competition in highly competitive  markets

MARKET POTENTIAL

70 Mt of DIESEL

Representing 28 Mt of Hydrogen