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HyOrc (HYOR) Enters North American Rail with Hydrogen-Ready Engine MOU; Green Methanol Project Advances Toward Financed Offtake, Signaling Clear Path to Revenue
Globenewswire· 2025-11-10 13:30
Core Insights - HyOrc Corporation has signed a Memorandum of Understanding (MOU) with Zeltech to develop hydrogen-ready gas-engine locomotives in the U.S., enhancing its position in the clean-energy sector [1][2] - The collaboration will initiate with a pilot project in California, aiming to secure grant support from the California Energy Commission for demonstrating HyOrc's zero-emission, multi-fuel powertrain [2] - The U.S. freight rail market, valued at approximately $71.8 billion in 2025, presents a significant growth opportunity for zero-emission powertrain retrofits due to regulatory pressures [3] Company Developments - This partnership marks HyOrc's entry into the North American rail market, leveraging Zeltech's rail expertise alongside HyOrc's proven powertrain technology for scalable freight transport [4] - HyOrc is also advancing a green methanol project in Portugal, which will convert municipal solid waste into clean fuel, with an offtake agreement expected to secure project financing [4] - The company's projects are supported by guaranteed demand and contract-based revenues, differentiating them from subsidy-reliant technologies [5] Market Positioning - HyOrc's technology is validated and the company is transitioning to SEC reporting, focusing on disciplined execution and value creation through revenue-generating assets [5] - The global shipping industry is transitioning to methanol to meet IMO 2030 targets, positioning HyOrc to capitalize on one of the fastest-growing clean-fuel markets [4]