A new council dedicated to promoting the use of hydrogen fuel cell technology in automotive has been formed and Toyota is reportedly leading the team. The "Hydrogen Council" also includes Air Liquide, BMW, Hyundai, Honda, Kawasaki, Total, ENGIE, Anglo American, Alstom, Royal Dutch Shell, The Linde Group, and Daimler.
Consisting of 13 CEOs and executives from different industries, the group has two chairmen, one from Toyota and another from gas supplier Air Liquide. They have already sat down for a meeting on Tuesday, Jan. 17 to pencil out their plans.
— Joel Ewanick (@JoelEwanick) January 17, 2017
In a press statement posted by Toyota, the "Hydrogen Council" members have confirmed their commitment in accelerating their investment in developing the hydrogen fuel cell technology. Apparently, the investment will require about $1.5 billion per year in terms of hydrogen investments.
Topping the list of goals the council has made is to eliminate the biggest obstacle in pursuing hydrogen adoption. The council targets to increase infrastructure as a way to solve this obstacle.
The team will help governing bodies on a global scope to draft legislation on how to further boost the use of hydrogen for all the existing industries. The aim is not just for automakers to utilize hydrogen, but it also included the other industries like energy, industrial and residential.
The report details that 82 percent of the current global energy consumption comes from fossil fuels. Whereas, only 4 percent comes from nuclear sources and the remaining 14 percent is from renewable energy sources. In view of this, the group foresees the adoption of renewable energy sources to be up by three to five times in the year 2050.
The vision and other pertinent details on the Hydrogen Council's projects are detailed in a report named "How Hydrogen Empowers The Energy Transition?" You may want to check this link for more information.