Toyota Motor Corporation
Nissan Motor Co., Ltd.
Honda Motor Co., Ltd.
JXTG Nippon Oil & Energy Corporation
Idemitsu Kosan Co., Ltd.
Tokyo Gas Co., Ltd.
Toho Gas Co., Ltd.
Air Liquide Japan Ltd.
Toyota Tsusho Corporation
Development Bank of Japan Inc.
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:
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:
To carry out these actions, member companies will play the following key roles:
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