The hydrogen fuel cell technology is soon gaining much due importance across global automakers. The Hydrogen Council has been set up as global initiative that voices a united vision and long-term ambition for hydrogen to foster the energy transition. The Hydrogen Council made up of 13 CEOs and executives from various industries and will be led by Toyota and Air Liquide, who has earned a strong reputation in hydrogen fuel cell technology.
Major developments with the hydrogen technology is expected as it is backed by major names such as BMW, Daimler, Honda and Hyundai. The Hydrogen Council which was formed in Davos, Switzerland will significant investments in the development and commercialization of the hydrogen and fuel cell sectors. These investments currently amount to an estimated total value of €1.4 Bn/year. Some of the international companies involved are Air Liquide, Alstom, Anglo American, BMW GROUP, Daimler, ENGIE, Honda, Hyundai Motor, Kawasaki, Royal Dutch Shell, The Linde Group and Total.
Speaking about it, Benoît Potier, CEO, Air Liquide said, “The 2015 Paris Agreement to combat climate change is a significant step in the right direction but requires business action to be taken to make such a pledge a reality. The Hydrogen Council brings together some of the world's leading industrial, automotive and energy companies with a clear ambition to explain why hydrogen emerges among the key solutions for the energy transition, in the mobility as well as in the power, industrial and residential sectors, and therefore requires the development of new strategies at a scale to support this. But we cannot do it alone.”
Along with showcasing hydrogen technology and its benefits to the world, the Hydrogen Council will also look forward to collaboration, cooperation and understanding from governments, industry and most importantly, the public. Moreover, in addition to transportation, the hydrogen has the potential to support our transition to a low carbon society across multiple industries and the entire value chain. The Hydrogen Council aims to actively encourage this transition.
