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Japanese Companies to Partner on Nationwide Hydrogen Fueling Network
Japan’s Big Three carmakers and several energy companies say they will launch a joint venture later this year to expand the country’s network of hydrogen refueling stations to support fuel cell-powered vehicles.
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Japan’s Big Three carmakers and several energy companies say they will launch a joint venture later this year to expand the country’s network of hydrogen refueling stations to support fuel cell-powered vehicles.
The country currently has 90 hydrogen stations in operation, 40 of them operated by JXTG Nippon Oil, which will be part of the new venture. The Japanese government aims to have 160 commercial hydrogen stations operating by 2021 and 320 by 2026.
Among the companies involved in the initiative are Toyota, Nissan and Honda, along with JXTG; oil/gas companies Indemitsu Kosan, Iwatani and Tokyo Gas; trading company Toyota Tsusho; and the Development Bank of Japan.
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