Japan H2 Mobility, LLC established by eleven companies to accelerate deployment of hydrogen stations in Japan
The below-mentioned 11 companies have today announced joint establishment of “Japan H2 Mobility, LLC (hereinafter JHyM)”, aimed at the full-fledged development of hydrogen stations for fuel cell vehicles (FCV) in Japan.
The newly formed JHyM will foster the deployment of hydrogen stations throughout Japan under the guidance of the Japanese Central Government’s Ministerial Council on Renewable Energy, Hydrogen and Related Issues (“Basic Hydrogen Strategy” published on December 26, 2017). In alignment with Central Government policies, the 11 founding companies joined forces to create the world’s first framework in which not only infrastructure developers and automakers but also investors are involved in collaboration, based on the common belief in the effectiveness of hydrogen and FCV for mobility and continued sustainable societal development.
- The new company will, while taking into account subsidies from the national government and initiatives of local governments, develop its own original "Hydrogen Station Deployment Plan," in order to create an environment in which many users can enjoy driving fuel cell vehicles in Japan.
- Wider participation than its initial member companies is to be sought to ensure to complete the target deployment plan.
- Improvement of convenience for FCV users
In order to encourage customers to use hydrogen, JHyM will improve the convenience of stations, coordinating with the Association of Hydrogen Supply and Utilization Technology (HySUT), an industrial association of hydrogen station developers, for example by extending the number of service days per week to meet increased demand.
- Cost reduction and regulation review
JHyM 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.
- Infrastructure developers will contribute some capital, construct hydrogen stations, and operate them.
- Automakers will entrust infrastructure developers to operate the hydrogen stations through JHyM, to help promote the expansion of hydrogen stations and FCV.
- Investors will contribute to scaling-up the deployment of hydrogen stations in the future with financial means. They will partially cover station deployment costs through investments in JHyM. By providing the funds necessary until the hydrogen station business becomes commercially sustainable, they will help reduce the initial financial burden borne by infrastructure developers and will help attract new participants.
|Company name||Japan H2 Mobility, LLC (JHyM)|
|Location||Toyota Kudan Building, 3-18, Kudan-Minami 2-chome, Chiyoda-ku, Tokyo|
|Business objectives||1. deployment and operation of hydrogen stations for FCV;
2. support development of hydrogen stations for FCV;
3. ownership and maintenance of hydrogen stations for FCV;
4. promotion of FCV
|Capital||50 M yen|
|Executive Member Companies||Toyota Motor Corporation (representative), Honda Motor Co. Ltd., JXTG Nippon Oil & Energy Corporation, Iwatani Corporation, Air Liquide Japan Ltd., Development Bank of Japan Inc|
|Date of establishment||February 20, 2018|
|Participating companies||Automakers: Toyota Motor Corporation, Nissan Motor Co. Ltd., Honda Motor Co. Ltd.
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.
Investors: Toyota Tsusho Corporation, Development Bank of Japan Inc.