Investor Presentaiton
42
Slide Notes
change. Actual results may differ materially. See Forward-Looking Slide 32
Statements.
1.
As part of California's Innovative Clean Transit Regulation (ICT)
As part of California's Advanced Clean Truck Regulation (ACT);
Source: https://ww2.arb.ca.gov/resources/fact-sheets/advanced-
clean-trucks-fact-sheet
Slide 28
Slide 21
1.
As of March 11, 2022; Based on company's current business plans
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
2.
3.
2.
MarketsandMarkets, Hybrid Train Market - Global Forecast to
2030; April 2019
3.
4.
The Rail Inc - The North American Locomotive Review 2021.
Refurbishments assume 17% of existing North American
locomotives, as of 2021, are converted to low/zero emission
engines by 2030. Approximately double units refurbished year
over year to result in 3,200 conversions in the year 2030.
Rail Inc 2021 In Review Report. At the end of 2020, the North
American locomotive fleet totaled 38,453.
1.
2.
1.
2.
Slide 22
1. As of March 11, 2022; Based on company's current business plans
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
2. Transparency Market Research, Marine Hybrid & Full Electric
Propulsion Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast, (2020-2030); 2020
Slide 23
1. As of March 11, 2022; Based on company's current business plans
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
Slide 24
none
Slide 25
As of March 11, 2022; Based on company's current business
plans. and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
As of January 2022 deployment information.
Slide 29
1. As of March 11, 2022; Based on company's current business plans 3.
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
Slide 26
1.
As of March 11, 2022; Based on company's current business plans 4.
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
As of March 11, 2022
Demonstration City Cluster list: Beijing (12 cities): Daxing (BJ),
Haidian (BJ), Jingkai (BJ), Yanqing (BJ), Shunyi (BJ), Fangshan
(BJ), Changping (BJ), Binhai (TJ), Baoding (HE), Tangshan (HE),
Zibo (SD), Binzhou (SD); Shanghai (7 cities): Shanghai, Suzhou
(JS), Nantong (JS), Jiaxing (ZJ), Zibo (SD), Ordos (NM), Nindong
(NX); Guangdong (12 cities): Guangzhou (GD), Shenzhen (GD),
Zhuhai (GD), Dongguan (GD), Zhongshan (GD), Yangjiang (GD),
Yunfu (GD), Zibo (SD), Lu'an (AH), Fuzhou (FJ), Baotou (NM);
Hebei (14 cities): Zhangjiakou (HE), Tangshan (HE), Baoding
(HE), Handan (HE), Qinhuangdao (HE), Dingzhou (HE), Xinji (HE),
Xiong'an (HE), Wuhai (NM), Zhengzhou (HA), Fengxian (SH), Zibo
(SD), Liaocheng (SD) Xiamen (FJ); Henan (17 cities): Zhengzhou
(HA), Xinxiang (HA), Kaifeng (HA), Anyang (HA), Luoyang (HA),
Jiaozuo (HA), Jiading (SH), Fengxian (SH), Lingang (SH),
Zhangjiakou (HE), Baoding (HE), Xinji (HE), Yantai (SD), Zibo
(SD), Weifang (SD), Foshan (GD), Ningdong (NX)
Henan Cluster has not yet released formal numbers on FCEVS or
HRSS deployment, but industrial experts forecast more than
5,000 FCEVS to be put in Henan Cluster during the demonstration
period. Source:
https://chuneng.bjx.com.cn/news/20200805/1094844.shtml
FCEV and HRS estimates are based on most recent industry
experts estimates, not the initial targets as submitted, as of
March 1, 2022, and are subject to change.
2.
UBS: North American Biofuels and Hydrogen Conference Call on
Hydrogen Trends & Outlook, March 27, 2023
Slide 30
none
Slide 31
3.
Multistate-Truck-ZEV-MOU-Media-Release-20200714 (1).pdf
Slide 27
As of March 11, 2022; Based on company's current business plans
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
Slide 33
1.
As of March 11, 2022; Based on company's current business plans
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
Slide 34
1.
2.
As of March 11, 2022; Based on company's current business plans
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
https://press.siemens.com/global/en/pressrelease/premiere-
deutsche-bahn-and-siemens-mobility-present-new-hydrogen-
train-and-hydrogen
Slide 35
none
Slide 36
1.
As of March 11, 2022; Based on company's current business plans
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
Slide 37
1.
2.
As of March 11, 2022; Based on company's current business plans
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking
Statements.
Based on LCD-M2 MEA, production of ~750,000 MEAS per year,
Platinum pricing of $1,100/oz and Iridium pricing of $5,600/oz.
Slide 38
1.
2.
All values are annual production capacity & assume 24hr x 7d
operation
Assumes each MEA produces ~232 watts; GW based on FCmove-
HD+ 100kW module which has 2x280 stacks; FCmove-HD+
produces 130kW & assumes ~20% parasitic load for balance of
plant energy consumption; assumes each stack produces 65kW.
Slide 39
1.
and the current business environment, which are subject to
change. Actual results may differ materially. See Forward-Looking 2.
Statements.
Sources: https://www.energy.gov/eere/fuelcells/h2-matchmaker; 1. As of March 11, 2022; Based on company's current business plans
1. As of March 11, 2022; Based on company's current business plans
and the current business environment, which are subject to
Based on company's current business plans and the current
business environment, which are subject to change. Actual results
may differ materially. See Forward-Looking Statements.
PGM prices as at April 14, 2023.
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