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Secures a contract with a prominent clean energy technology firm to provide Type IV hydrogen storage systems for heavy-duty commercial vehicles in the North American market. Production is set to commence in 2025.
Date: December 6, 2023
Forvia, an automotive technology supplier, has received a contract from a leading clean energy technology company to deliver Type IV hydrogen storage systems for heavy-duty commercial vehicles in the North American market. Production is scheduled to commence in 2025. This marks Forvia's second award for hydrogen storage solutions in North America this year.
Nanterre, France - Forvia SE., an automotive supplier, has secured a contract from a major clean energy technology company to provide Type IV hydrogen storage systems for heavy-duty commercial vehicles in the North American market. Production is set to commence in 2025. This marks Forvia's second award for hydrogen storage solutions in North America this year, showcasing the company's significant growth and presence in the vital hydrogen market.
Securing this second business award underscores Forvia's strong presence and strategic prowess in North America's hydrogen mobility.
Mr. Patrick Koller, Forbia CEO, said that, the team's hard work, expressing excitement to deliver top-notch hydrogen storage solutions to their expanding customer base. Koller notes the global push to decarbonize mobility, highlighting Forvia's extensive portfolio in hydrogen and battery electric vehicles (BEV) that positions them to drive sector decarbonization.
Strengthening its foothold in the North American market, FORVIA capitalizes on the growing momentum of hydrogen in the US. The recent announcement of $7 billion in investment from the Biden Administration for regional hydrogen hubs further propels this trend toward low-cost, clean hydrogen. FORVIA, with its robust portfolio of storage systems, ranging from heavy-duty vehicles to medium and light-duty trucks, is well-equipped to meet the diverse demands of the North American hydrogen storage market. The recent contract solidifies FORVIA's position, poised to play a significant role in this dynamic and thriving industry.
FORVIA remains committed to delivering reliable, sustainable, and innovative hydrogen storage solutions, anticipating a positive impact on the growth and sustainability of the North American hydrogen storage sector. With serial production underway in South Korea, China, and France, FORVIA is set to expand its manufacturing footprint to North America.
In terms of strategic partnerships, Stellantis NV recently joined FORVIA and Michelin as an equity partner in Symbio, a fuel cell development and production. This collaboration, covering 75% of the hydrogen drive train value, aims for a combined turnover of €3.5 billion by 2030. Symbio North America, making significant strides since Q2 of 2021, highlights successes in sustainable transportation, including the Symbio H2 Central Valley Express project—a demonstration of heavy-duty fuel cell trucks, showcasing the reliability of Symbio's fuel cell technology for regional transport. Symbio's commitment to California's carbon neutrality goal is evident in its projects, supported by the California Energy Commission.
Emphasizing its role in advancing clean and sustainable transportation solutions in North America, FORVIA's rapid growth includes plans to establish a fuel cell Gigafactory in the USA. This underscores the company's pivotal contribution to the evolution of clean and sustainable transportation solutions in the region.
