Hyzon SPAC Presentation Deck

Hydrogen is Superior in Heavy Duty and High Utilization Use Cases Structural advantages versus battery alternatives BATTERY WEIGHT AND CHARGING TIMES ARE MATERIAL ISSUES FOR BEV TRUCKS weight A Truck Reduced payload from battery weight in BEV Equivalent In the US, the max weight allowance for Class 8 trucks is 36 tons (approximately 80,000 lbs) The weight of the truck without the battery is ~7-8 tons and the battery can weigh up to 5 to 8 tons¹ 1 Public sources. FUTURE OF HYDROGEN IS NOW A hydrogen fuel cell truck has the potential to generate more revenue because it can carry more weight and can operate for 24 hours without the need for long recharging times ADVANTAGES OF HYDROGEN OVER BEV HYZON | DCRB+ Payload Hydrogen enables autonomy in high utilization, 24/7 assets with significant advantages over battery technology Hyzon has entered into a collaboration agreement to deploy the world's first fully autonomous, zero-emission truck currently targeted for 2021 Faster Refueling Better Range Environmentally cleaner Higher Payload The problem is that batteries are big and heavy. The more weight you're trying to move, the more batteries you need to power the vehicle. But the more batteries you use, the more weight you add-and the more power you need. Even with big breakthroughs in battery technology, electric vehicles will probably never be a practical solution for things like 18-wheelers, cargo ships, and passenger jets. Electricity works when you need to cover short distances, but we need a different solution for heavy, long-haul vehicles. BILL GATES SEP-2020 16

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