Eleven companies partner to deploy large scale hydrogen station network in Japan

Eleven companies signed today a MOU (memorandum of undertainding) aimed to
This plan in framed into the “Strategic Roadmap for Hydrogen and Fuel Cells” designed by the Government of Japan (revised on March 22, 2016), which targets a total of 160 operative hydrogen stations and 40,000 in-use FCVs (fuel cell vehicles) by fiscal year 2020.

The 11 companies involved in the project are: Toyota Motor Corporation; Nsan Motor Co., Ltd. Hnda Motor Co., Ltd.; JXTG Nippon Oil & Energy; Idemitsu Kosan Co., Ltd.;
Iwatani Corporation; Tokyo Gas Co., Ltd.Toho Gas Co., Ltd.; Air Liquide Japan Ltd.
Toyota Tsusho Corporation; and Development Bank of Japan Inc.

Under the agreed cooperation, the 11 companies will consider the establishment of a new company within 2017. The new company will be aimed to the achievement of some specific objectives such as:

1) Providing for a steady construction of hydrogen stations by implementing measures to support hydrogen-station construction and operation,

2) Providing for a wider use of FCVs and the independence of the hydrogen station business through cost reduction targeted activities, including governmental review of regulations, and actions to improve operational efficiencies, thus contributing to implant a hydrogen society in Japan.

Hydrogen station. © Toyota.

Recognizing the challenges taht the hydrogen station business is facing in this early-stage of commercialization of FCVs, the mou is based on the idea that the companies concerned should cooperate and take each one tjhir respective roles to achieve the strategic development of hydrogen stations for maximizing FCV demand and to contribute to the steady popularization of this kind of vehicles

This way, each partner will develop a particular role in the project, for instance, infrastructure Companies will be devoted to construction and operation of hydrogen stations; FCV OEMs will be dedicated to spread of FCVs and providing operational support for hydrogen stations; financial institutions will provide financial support, etc.

Image over the headline.- Hydrogen station. © Toyota.

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