Fuel Cell Commercial Vehicles Security, Affordability and Economic Growth
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Q2 2020 | PULSE 2.0 Alternate Fuels Fuel cell powered Commercial Vehicles What’s new in Pulse 2.0 ? . Deeper thematic coverage including market competition, policies & COVID impacts Image: Nikola Tre . Latest research innovation related to our theme Upcoming Trend . Fuel cell technology finding penetration in commercial vehicle segment Fuel cell commercial Players in our coverage vehicles Heavy-duty vehicles are among the highest contributors to GHG emissions and street-level pollution. The trucking industry in the US, the What do we see happening EU, Japan, South Korea, and China are . Players are shifting towards electrified heavy-duty vehicles, as more countries are shifting towards clean hydrogen-based implementing stringent emission mandates. Governing bodies are taking initiatives, solutions where the hydrogen is the superior making investments, and promoting the use of fuel cells. Major players are choice for decarbonization. Our Q2 2020 Pulse increasing collaborations and partnerships with suppliers and startups to develop focusing on major policies, player activities, their fuel cell CV business across different continents. and research focus on fuel-cell-powered . COVID-19 has huge impact on automotive sector especially heavy-duty transport. heavy-duty vehicles. Major economies are formulating new strategies to overcome this crisis. Image: Nikola One 2 THEMES AND Contents covered in this Pulse Key Takeaways Fuel cell powered CVs: Fuel cell technology . Trucks majorly contribute to the growth in KEY TAKEAWAYS finding penetration in the commercial vehicle transport-fuel consumption, as well as rising segment carbon dioxide and air pollutant emissions. Analysis on recent player activities in the Electrification of commercial vehicles will IN Pulse development of fuel cell powered CVs, advantages play an important role in the journey over battery propulsion, SWOT analysis towards a carbon neutral society. The Hydrogen fuel cell is a promising alternative for heavy transport and demanding long- haul applications, as it can overcome the challenges faced by battery-powered propulsion such as range and payload issues. Fuel cell powered CVs : Regulations and . Policy support for H2FC technologies are Emerging Trend: Fuel cell Policies driven by various national priorities, 01 powered CVs Analysis of Policies established by major including air quality, climate change, energy economies to support fuel cell commercial vehicles security, affordability and economic growth. • Policies across world But, relatively few energy policies apply • China NEV policy 2021-23 directly to fuel cell CVs. Fuel cell powered CVs : • US H2@Scale . In this quarter we have seen that the policy 02 • Policies taken in EU, Japan and South Korea momentum for fuel cell CVs is growing. Regulations and policies New policies are introduced in EU, US and China to improve fuel economy and reduce CO2 emissions. Efforts of Europe and USA to build Fuel cell powered CVs : Key Fuel cell powered CVs : Key players . Player profiles: OEMs, suppliers and 03 battery competency players • Comparative analysis of OEMs: FCEV and BEV startups • Fuel cell CV manufacturers: Hyundai, Nikola . Detailed analysis of the concept and • Battery CV manufacturers: Tesla, Traton commercialized models in FC CVs. • Suppliers of fuel cells: Bosch, Cummins, . Comparison between models and different PlugPower powertrains • Emerging Startups on FCEV: Hyzon Motors, US Hybrid A FutureBridge Initiative. Copyright © 2020 by FutureBridge THEMES AND Contents covered in this Pulse Key Takeaways . KEY TAKEAWAYS Fuel cell powered CVs : Market analysis- China, Coronavirus is negatively affecting the Europe and US automotive sector especially, heavy-duty • Fuel cell CVs market based analysis: transport as most countries implemented IN Pulse Pre-COVID predictions, COVID effects, lockdowns for several months • Analysis of strategies taken by major . An analysis of fuel cell CV market in three economies such as the US and EU stages: Pre-COVID predictions, the effect of COVID and Strategies to regain the momentum . Governing bodies and related associations, 04 Fuel cell powered CVs: Market across the world, are implementing new analysis based on region strategies to overcome the COVID-19’s impact on the Alternate fuel sector Fuel cell powered CVs : Research focus . Oil demand from road freight projected to Fuel cell powered CVs: Researchers are working on reducing fuel cell CV grow by 5 million barrels per day by 2050, 05 Research focus cost, so that the adoption would become easy or around 40% of the projected increase in • Research paper analysis global oil demand in that period. This • Patent analysis growth expected to lead to a significant increase in carbon dioxide emissions of Fuel cell powered CVs: nearly 900 million tonnes by 2050, or about 06 Appendix the same level of emissions growth as from coal use in the power and the entire industry sector combined. Researchers are focusing on advanced fuel-cell based solutions to reduce emission and increase fuel saving. Appendix A FutureBridge Initiative. Copyright © 2020 by FutureBridge Emerging Trend: Fuel cell technology finding penetration in commercial vehicle segment • Players such as Hyundai and Nikola began mass-production of fuel cell trucks. Daimler has established a new company for fuel-cell activities. • Bosch is expecting more market share for fuel cells in commercial vehicles by 2030. Cummins and PlugPower are starting new collaborations with OEMs to develop fuel cell HD trucks. Fuel cell • More startups such as Hyzon Motors, H2X are emerging in the fuel cell CV sector. technology finding penetration in commercial vehicle segment 5 A FutureBridge Initiative. Copyright © 2020 by FutureBridge Alternate Fuels | Q2 2020 Pulse Fuel cell technology finding Developments . Hyundai mass produced its fuel cell truck, Hyundai XCIENT. The company has penetration in commercial shipped the first 10 units to Switzerland. The truck is powered by a 190-kW hydrogen fuel cell system with dual 95-kW fuel cell stacks. It comprised of seven large hydrogen tanks that offer a combined storage capacity of around 32.09 kg of vehicle segment hydrogen. XCIENT Fuel Cell offers a driving range of 400 km on a single refueling. CONTEXT . Nikola merged with VectorIQ and became the first public rig company. Nikola public will focuse on the development of next-generation smart transportation. The company will receive $525 million in new investment as a result of this joint venture. Nikola will be listed on the NASDAQ exchange under the name NKLA. Most heavy-duty vehicles are powered by diesel engines that emit high levels of particulates, nitrogen . Daimler established a new company, Daimler Truck Fuel Cell GmbH & Co. KG, for oxides, and other pollutants. Based on their mileage Group’s fuel cell activities. In April they formed strategic partnership with Volvo to and fuel consumption, freight vehicles are among the develop, manufacture and market fuel cell systems for trucks and other highest contributors to GHG emissions and street level applications. pollution. With the consumption of consumer goods continuing to increase, both regulatory agencies and transportation companies are under pressure to reduce this footprint. Nikola Motors launched a roadmap for 700 . A co-operative effort among the Port of Los Electrification of commercial vehicles will play an fuelling stations with a MoU with Air Angeles, Kenworth, Toyota and Shell important role on the journey towards a carbon neutral Liquide, Hyundai, NEL, Shell, and Toyota to focusing on the development of hydrogen society. Hydrogen fuel cell is a promising alternative test pre-commercial 70MPa hydrogen heavy fuel cell Class 8 trucks, which has been for heavy transport and demanding long-haul duty vehicle high flow (H70HF) fueling awarded $41M grant from CARB . applications. hardware for future Class 8 trucks . Emerging Emerging Trends DEVELOPMENTS 6 Industry Pulse | Q2 2020 What shouldA FutureBridge you investigate Initiative. Copyright ©? 2020 by FutureBridge Alternate Fuels | Q2 2020 Pulse Alt1-200kW FC FutureBridge on Fuel cell technology finding penetration Long-haul truck in commercial vehicle segment Distribution trucks • A passenger car is expected to last 150,000-200,000 miles (240,000-320,000 km) whereas a Class 8 truck is expected to travel 1,000,000 miles (1,600,000 km) over its lifetime. The truck’s extensive travel is primarily highway use as opposed to local driving for automobiles. Short range Long range • A fully electric long-haul truck would have significant restrictions due to the battery pack size and weight necessary for this application. Distribution, Refuse trucks Terminal tractor, tipper, distribution • Hydrogen offers much higher specific energy than batteries. The lighter weight contributes to solving the range and payload issues inherent with a 100% battery- powered propulsion. They are a zero-emission electric vehicle since they emit only water vapor. • The hydrogen trucks cover a range between 500 and 1,200 miles (805 and 1,930 km), depending upon load that a battery can’t provide. Plus refueling times are virtually the same as with diesel. • There are few challenges for adopting hydrogen as a fuel for commercial vehicle fleet such as lack of hydrogen refuelling infrastructure and safety standards. Alt2-100kW FC Strengths Weaknesses What should you investigate? Environment friendly Cost Emission free Safety risks Silent What are the key drivers Why suppliers are more Opportunities SWOT