SAN JOSE, CA, SEPTEMBER 16, 2024 – GreenWaste®, a full-service resource recovery and recycling company, announced it is pilot testing North America’s first hydrogen fuel cell zero emissions refuse collections truck. This initiative marks a significant step in the company’s commitment to a zero-emission fleet and advancing sustainable technologies in the recycling industry.
“Seven years ago, we made history by commercially operating the world’s first full-sized electric side-loading waste collection truck. Today, we are building on that legacy by testing North America’s first hydrogen fuel cell-powered refuse vehicle. This pilot reinforces our ongoing commitment to zero emission vehicles and recovering, recycling, and reusing waste materials in the most innovative, environmentally responsible, and reliable ways possible,” said Tracy Adams, CEO of GreenWaste.
Currently, GreenWaste’s collection and heavy equipment fleet is 100% powered by renewable or alternative fuels, demonstrating its leadership in environmental stewardship.
Working with manufacturers to test new zero emission vehicle technology supports GreenWaste’s broader innovation and sustainability goals, including its 2030 goal to achieve a 45% reduction in total combined Scope 1 and Scope 2 greenhouse gas emissions from its 2022 baseline. In 2023, GreenWaste achieved a 36.3% reduction in total combined Scope 1 and Scope 2 greenhouse gas emissions from its 2022 baseline.
The hydrogen fuel cell-powered refuse collection vehicle, developed by Hyzon (NASDAQ: HYZN) and New Way Trucks, will be tested on select routes throughout the Bay Area, including in the City of San Jose, County of Santa Clara, and the Towns of Atherton and Los Altos Hills.
To learn more about GreenWaste firsts, visit www.GreenWaste.com/Innovation.
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About GreenWaste:
GreenWaste’s mission is to focus on innovation, people and commitment to be green first to revolutionize how we transform the world’s waste. GreenWaste specializes in the collection and processing of residential and commercial solid waste, recyclable materials, organic materials and construction and demolition debris. GreenWaste’s current and predecessor companies have been innovation pioneers in the recycling industry for almost four decades. For more information about GreenWaste, go to: www.GreenWaste.com.
Forward-looking Statements
This press release contains “forward-looking statements” that may include but are not limited to statements about integration of the acquisition and outcomes of the acquisition, including future operations, synergies, cost savings, and impact on earnings, cash flow, revenue, return on capital, shareholder returns, strength of the balance sheet or credit ratings, future capital allocation, and future leverage ratio, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “likely,” “outlook,” “forecast,” “preliminary,” “would,” “could,” “should,” “can,” “will,” “project,” “intend,” “plan,” “goal,” “guidance,” “project,” “target,” “continue,” “sustain, “objective,” “synergy,” “on track,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “possible,” “assume,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Potential investors and other readers should view these statements with caution and should not place undue reliance on such statements. Any forward-looking statement made by GreenWaste is based on information and estimates currently available and known to GreenWaste as of the date the statement is made. Such forward-looking statements are not guarantees of performance and are subject to risks and uncertainties that could cause actual results to be materially different from those, whether express or implied, set forth in such forward-looking statements, including but not limited to, general economic and capital markets conditions; acts of war, terrorism, natural disaster, public health risk and other impacts, including increased costs, social and commercial disruption, service reductions and other adverse effects on business, financial condition, results of operations and cash flows; legal proceedings that may be instituted related to the acquisition; unexpected costs, charges or expenses; disruption from the transaction impacting business relationships and operations; inability to timely or failure to successfully close or integrate the acquisition, implement plans, obtain permits, realize anticipated synergies or obtain results anticipated; and other risks and uncertainties described in GreenWaste’s financial reporting. Except to the extent required by law, GreenWaste does not assume any obligation to publicly update any forward-looking statement that may be made from time to time, whether written or oral, including financial estimates and forecasts, whether as a result of new or future information, events, circumstances, developments or otherwise.
Media Contact:
Fredrick Ghai, fredrick.ghai@greenwaste.com