ASX-listed Hydrogen Stock Focuses on Advancing its Zero-Emission Strategy

Highlights

• Hydrogen Fuel Cell Milestone: Delivered its first hydrogen-powered rear loader to Solo Resource Recovery, marking a key step in zero-emission waste management.
• Strategic Vehicle Distribution: Signed three high-value vehicle distribution agreements—valued at approximately AUD$10 million—including deals with U.S.-based ETHERO Truck + Energy and TOLL Transport for hydrogen fuel cell and battery-electric vehicles.
• Natural Gas Asset Demerger: Progressing plans to spin off its Australian natural gas assets into Eastern Gas Limited via an IPO, aiming to raise AUD$8–10 million and offer free shares to existing investors.
• Hydrogen Micro-Hub Development: Advancing its Archerfield Airport project in Queensland with an initial capacity to produce 420 kg of green hydrogen per day, laying the foundation for a wider refuelling network.
• Global Expansion: Extending its market reach with new partnerships in the U.S., Vietnam, and Australia.
• Upcoming Milestones: Scheduled to deliver up to five zero-emission vehicles in Q1 2025.

The Australian hydrogen sector is rapidly gaining momentum as ASX-listed companies spearhead innovative projects in the clean energy space. With breakthrough technology, and strategic partnerships propelling the industry forward, investors are increasingly turning their attention to hydrogen stocks.

Pure Hydrogen Corporation Limited (ASX:PH2) is an ASX-listed hydrogen exploration company that is currently trading below AU$1. The company has made significant headway in December 2024 quarter (2QFY25), reinforcing its position in the zero-emission transport and clean energy market. The company delivered its first hydrogen fuel cell garbage truck, secured multiple high-value vehicle distribution agreements, and accelerated its hydrogen and natural gas projects.

Key Developments:

• Hydrogen Fuel Cell Innovation:
  The company successfully delivered a hydrogen-powered rear loader to Solo Resource Recovery, marking a major milestone in its push for zero-emission waste management.
• Strategic Vehicle Agreements:
  Pure Hydrogen inked three vehicle distribution deals valued at approximately AUD$10 million. The deals include a memorandum of understanding with U.S.-based ETHERO Truck + Energy for the sale of hydrogen fuel cell and battery-electric vehicles, and a post-quarter agreement with TOLL Transport to supply two Taurus 70t hydrogen fuel cell prime movers scheduled for delivery in Q4 2025. Additionally, the E-Aries fleet has introduced a new 15-tonne battery-electric rigid truck designed for inner-city logistics with a 300km range per charge.
• Natural Gas Asset Demerger:
  Plans to demerge the company’s Australian natural gas assets into Eastern Gas Limited are progressing. The demerger, set to be executed via an IPO, aims to raise AUD$8–10 million and will offer free shares to existing PH2 investors.
• Hydrogen Micro-Hub Progress:
  At its Archerfield Airport site in Queensland, Pure Hydrogen is developing a hydrogen micro-hub with an initial capacity to produce 420 kg of green hydrogen per day, laying the groundwork for a broader network of refuelling stations.
• Financial Metrics and Future Funding:
  The company reported AUD$2.5 million in cash and AUD$5.9 million in receivables, with further cash inflows anticipated early in 2025. In addition, a loan facility with Chevron Equipment has been secured for USD$277,200, and discussions are underway for a potential AUD$5 million facility to support vehicle production.
• Global Expansion and Partnerships:
  Pure Hydrogen is extending its reach globally. Alongside its U.S. initiatives with ETHERO Truck + Energy and Riverview International Trucks targeting the California market, the company has also inked agreements with the Vietnam ASEAN Hydrogen Club for HFC minibuses and coaches, and with Voyages Indigenous Tourism Australia to supply electric buses and charging infrastructure.

Upcoming Milestones:
The next phase includes up to five zero-emission vehicle deliveries in Q1 2025, which is expected to enhance cash flow and further validate the company's long-term growth strategy.

PH2 shares were trading 4.055 higher at AU$0.077 per share at the time of writing on 6 March 2025.