New Company to be Established in Spring 2018 with Focus on Full-fledged Development of Hydrogen Recharging Station Network in...
December 12 2017 - 7:04AM
JCN Newswire (English)
As a result of discussions that began in May 2017, the following
11 companies have signed an agreement to form a new company in the
spring of 2018, aimed at the full-fledged development of hydrogen
recharging stations (HRS) for fuel cell vehicles (FCV): Toyota
Motor Corporation, Nissan Motor Co Ltd., Honda Motor Co Ltd., JXTG
Nippon Oil & Energy Corporation, 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.
The new company will be established to accelerate Japan's hydrogen
initiative - which is driven mainly by these 11 companies - toward
the achievement of Japan's common target shared by the government
and industries regarding the development of hydrogen recharging
stations. According to the "Strategic Road Map for Hydrogen and
Fuel Cells" (revised March 22, 2016) released by the Council for a
Strategy for Hydrogen and Fuel Cells, an industry body organized by
the Ministry of Economy, Trade and Industry (METI) of Japan, in the
initial phase of promoting fuel cell vehicles powered by hydrogen,
the target penetration is 160 stations and 40,000 fuel cell
vehicles by FY 2020.
The objective of the new company is to enhance the collaboration
among infrastructure developers, automakers, and financial
institutions in order to simultaneously accelerate and scale up
Japan's deployment of HRS and FCV.
The new company will take on the following specific
initiatives:
1. Strategic deployment of hydrogen recharging stations
The company will aim to complete its mission in 10 years. During
the first four years in Phase 1, the new company intends to target
the construction of 80 new stations. To achieve this target, new
member companies, extending beyond the current member companies,
will be invited to participate.
The new company will, while taking into account subsidies from the
national government and initiatives of local governments, develop
its own original "Hydrogen Recharging Station Deployment Plan," in
order to create an environment in which many users can enjoy
driving fuel cell vehicles in Japan.
2. Contribution to efficient hydrogen station operation
By collecting and utilizing information regarding the construction
and operation of hydrogen recharging stations through
infrastructure developers, which will oversee operations of
hydrogen recharging stations, the new company, which will deploy
and own stations nationwide, will contribute to efficient
operations and other road map objectives in the following ways:
Improvement of convenience for FCV users
In order to encourage customers to use hydrogen, the new company
will improve the convenience of stations, coordinating with the
Association of Hydrogen Supply and Utilization Technology (HySUT),
which has already begun actively expanding the market, for example
by extending the number of service days per week to meet increased
demand.
Cost reduction and regulation review
The new company will collaborate with external organizations, such
as the Fuel Cell Commercialization Conference of Japan (FCCJ) and
HySUT, to reduce cost by addressing issues such as the
standardization of equipment and revision of regulations.
To carry out these actions, member companies will play the
following key roles:
Infrastructure developers will invest in and construct hydrogen
recharging stations, and operate them, on behalf of the new
company;
Automakers will contribute financially to the operations of the new
company in order to efficiently deploy hydrogen recharging
stations, improve convenience for users, and boost public
awareness, while also striving for higher penetration of fuel cell
vehicles during Phase 1;
Financial institutions will partially cover HRS deployment costs
through investments. By providing the funds necessary until the HRS
business becomes commercially sustainable, financial institutions
will help reduce the financial burden borne by infrastructure
developers during Phase 1 and will help attract new
participants.
The new company will aim to seek wider participation by
HRS-operating companies and investors, to achieve a sustainable HRS
business and FCV penetration as swiftly as possible, thus
contributing to the creation of a full-fledged hydrogen society in
Japan.
Signing companies and their roles
Infrastructure developers: JXTG Nippon Oil & Energy
Corporation, Idemitsu Kosan Co. Ltd., Iwatani Corporation, Tokyo
Gas Co. Ltd., Toho Gas Co. Ltd., Air Liquide Japan Ltd.
Automakers: Toyota Motor Corporation, Nissan Motor Co. Ltd., Honda
Motor Co. Ltd.
Financial institutions: Toyota Tsusho Corporation, Development Bank
of Japan Inc.
About Honda
Honda Motor Co., Ltd. (TSE:7267 / NYSE:HMC / LSE:HNDA) is one of
the leading manufacturers of automobiles and power products and the
largest manufacture of motorcycles in the world. Honda has always
sought to provide genuine satisfaction to people worldwide. The
result is more than 120 manufacturing facilities in 30 countries
worldwide, producing a wide range of products, including
motorcycles, ATVs, generators, marine engines, lawn and garden
equipment and automobiles that bring the company into contact with
over 19 million customers annually. For more information, please
visit http://world.honda.com.
Toyota
Toyota Motor Corporation (TMC) is the global mobility company that
introduced the Prius hybrid-electric car in 1997 and the first
mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in
Toyota City, Japan, Toyota has been making cars since 1937. Today,
Toyota proudly employs 370,000 employees in communities around the
world. Together, they build around 10 million vehicles per year in
29 countries, from mainstream cars and premium vehicles to
mini-vehicles and commercial trucks, and sell them in more than 170
countries under the brands Toyota, Lexus, Daihatsu and Hino. For
more information, please visit www.toyota-global.com.
Source: HondaToyota
Contact:
Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512
Toyota Motor Corporation
Public Affairs Division
Global Communications Department
Tel: +81-3-3817-9926
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