– Woodside Energy strengthens Alliance efforts to advance the transition to clean hydrogen vehicles

– The Zero Carbon Alliance, a business-led consortium, champions hydrogen-powered mobility, investment and technology

ROCHESTER, NY and SYDNEY, June 25, 2021 / PRNewswire / – The Hyzon Zero Carbon Alliance, an initiative of leading companies working to accelerate hydrogen mobility around the world, added Woodside Energy to its new member.

Alliance Hyzon Zero Carbon (PRNewsfoto / HYZON Motors)

Defended by Hyzon Motors Inc., one of the world’s leading suppliers of zero-emission hydrogen fuel cell utility vehicles, the Alliance brings together active participants across the hydrogen value chain, from production to technological development, from innovation to investment.

“Expanding the Alliance with another global leader active in the transition to zero emission transportation strengthens the ability of our members to identify and deliver real and cost effective solutions,” said Craig knight, CEO of Hyzon Motors, based in Rochester. “Woodside’s participation provides further proof of the Alliance’s importance as a platform for collaboration, development and – most importantly – action.”

By joining the Alliance, Woodside Energy, australia leading producer of natural gas, brings a deep commitment to the production and distribution of hydrogen. Woodside continues to develop a number of large scale hydrogen production projects and technologies as part of its mission to be the Company’s trusted energy partner.

Woodside’s membership will complement the expertise of existing Alliance members to drive scale, speed and collaboration within the hydrogen mobility sector, and bring the Alliance closer to achieving one of its main objectives – to reduce hydrogen costs by harnessing the power of strategic partnerships and a united industrial approach.

Woodside will join the current nine members of the Alliance, including Ark Energy (a subsidiary of Korea Zinc), Total, AXA, Bank of America, Hiringa Energy, Modern Group, NEOM, Raven SR and ReCarbon.

Wood Vice President of Technology Jason crusan said the company was delighted to be part of the Alliance, especially given its role in bringing together potential consumers and hydrogen suppliers. “Aligning Woodside as a key member of the Alliance is part of our ‘customer-driven’ principle that underpins our work on hydrogen,” he said. “Hydrogen has particular advantages in long-haul and heavy transport, making this market segment a key short-term use case. “

As a unique, demand-driven initiative, the Alliance aims to capitalize on its direct access to fleet operators around the world to create hydrogen ecosystems alongside vehicle deployments.

By aligning industry supply and demand, the Alliance is designed to overcome some of the biggest hurdles faced by the hydrogen industry to date, making zero-emission fleet operations a reality in the very near term. .

To learn more, visit hyzonalliance.com.

About the Hyzon Zero Carbon Alliance
The Hyzon Zero Carbon Alliance is a collaborative initiative that aims to drive scale, speed and cooperation while reducing hydrogen costs by harnessing the power of a united industrial approach. By bringing together the best players in the hydrogen value chain and supporting sectors, the Alliance provides a platform within which the industry can collaborate to develop hydrogen ecosystems and deliver mobility as a service. to hydrogen transport customers.

The Alliance specifically identifies and targets opportunities in priority regions of the world based on customer demand. In doing so, it supports the development of an increasingly extensive distribution infrastructure, and establishes models that result in replicable project deployment and allow greater volumes of hydrogen vehicles on the road for the purpose of accelerate the energy transition.

About Woodside
Woodside is Australia’s largest producer of natural gas, harnessing 6% of the world’s supply of liquefied natural gas in 2020. As part of its decarbonization efforts, it is exploring options for producing low-carbon energy, including hydrogen.

Woodside is the operator of the Bell Bay “H2TAS” renewable hydrogen project proposed for the Bell Bay Advanced Manufacturing Area. In January 2021, Woodside signed a memorandum of understanding with the government of Tasmania, as well as a term sheet with Tas Gas to explore the mixture of hydrogen in the Tasmanian gas network. It recently announced export potential to H2TAS, which it is exploring alongside its Japanese consortium partners, IHI Corporation and Marubeni Corporation.

It also explores the possibilities of hydrogen production in Western Australia, and internationally.

Forward-looking statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact, included in this press release are forward-looking statements. When used in this press release, the words “could”, “should”, “will”, “could”, “believe”, “anticipate”, “intend”, “estimate”, negative of these terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Alliance’s current expectations and assumptions regarding future events and are based on information currently available as to the outcome and timing of future events. Unless otherwise provided by applicable law, Decarbonization Plus Acquisition Corporation (“DCRB”) and Hyzon Motors Inc. (“Hyzon”) disclaim any obligation to update forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances occurring after the date of this press release. DCRB and Hyzon caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of DCRB or Hyzon, including the risks and uncertainties described in ” risk “in Exhibit 99.3 of DCRB’s Current Report on Form 8-K filed with the United States Securities and Exchange Commission (the” SEC “) on February 9, 2021, the “Risk Factors” section of DCRB’s final proxy statement on Schedule 14A filed with the SEC on June 21, 2021 (“Proxy Statement”) and other documents filed by DCRB from time to time with the SEC. These filings identify and address other material risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements, such as risks relating to the ability to convert memoranda of understanding not binding in binding orders or sales. (particularly due to the current or potential financial resources of counterparties to Hyzon’s non-binding MoUs and Letters of Intent), or the ability to identify additional potential clients and convert them into paying clients. Hyzon gives no assurance that Hyzon will meet his expectations.

Important information for investors and shareholders
In connection with the proposed business combination between DCRB and Hyzon, DCRB has filed a power of attorney and other relevant documents with the SEC. Shareholders and other interested persons are urged to read the proxy statement and any other relevant documents filed with the SEC, as they contain important information about DCRB, Hyzon and the proposed business combination. Shareholders can obtain a free copy of the proxy statement, along with other documents containing information about DCRB, Hyzon and the proposed business combination, from the SEC’s website at www.sec.gov.



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