After Toyota, Nissan, Honda and eight other companies have officially announced plans to establish a H2 cooperation in May, the related contract has now been signed by all parties.
Apart from Toyota, Nissan and Honda, the consortium includes the JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan, the Iwatani Corporation, Tokyo Gas, Toho Gas, Air Liquide Japan, the Toyota Tsusho Corporation and the Development Bank of Japan. Their common JV shall start to operate in spring 2018 and will reportedly focus on the installation of 400 hydrogen fuel stations over the next ten years with 80 to be operational by 2022. The upcoming company shall connect infrastructure developers, automakers and financial institution. New members shall be invited to participate.
Today, Japan has around 90 H2 stations. According to the state’s “Strategic Road Map for Hydrogen and Fuel Cells” the country’s aim is to set up 160 stations and to have 20,000 FCEVs on the streets by 2020.