Toyota, Honda and Nissan will build a network of hydrogen fuel stations together

Toyota, Honda and Nissan will build a network of hydrogen fuel stations together

December 12, 2017 0 By autotimesnews

Honda Clarity Fuel Cell

The largest Japanese automakers and a number of companies have created a company that will develop the network of hydrogen filling stations in Japan.

In addition to Toyota, Honda and Nissan, the alliance was joined by JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan, Iwatani Corporation, Tokyo Gas, Toho Gas and Air Liquide Japan Ltd, and Toyota Tsusho Corporation and Development Bank of Japan act as financial partners.

An unnamed company will begin work in the spring of 2018, starting with the development of a plan for building a network of hydrogen filling stations in Japan. It is assumed that the tasks set will be realized in the next decade.

The first phase involves the construction of 80 stations for four years after the start of the new company. The Japanese authorities want to have 160 such stations by 2020, and the park of hydrogen cars should increase to 40,000 units. What funds will be invested in the project is not yet reported.