Published on March 14th, 2018 | by Subhash Nair0
11 New Companies Join the Hydrogen Council
Hydrogen Council welcomes 11 new members from Asia, North America and Europe. Leading international oil & gas, energy, science & technology and automotive companies come on board, driving hydrogen innovation to support the energy transition and almost doubling Council membership one year on from its launch.
3M, Bosch, China Energy, Great Wall Motor, JXTG Nippon Oil & Energy Corporation and Weichai, join as steering members alongside Hexagon Composites, Marubeni, McPhy, Nel Hydrogen and Royal Vopak at supporting level. Since its launch in early 2017, the Hydrogen Council, the first of its kind CEO-led initiative, has doubled in size, now covering all key markets with members across the value chain. In addition to their ongoing individual investments and projects, this year will see Council members join forces to drive change, accelerating the pace on a global scale.
With increasing interest from policy makers and investors around the globe, the next five to ten years could see a decisive shift in deployment of hydrogen technologies, with scenarios suggesting that hydrogen technologies could contribute to meeting 18% of the world’s final energy demands, avoiding 6 Gt of CO2 emissions, creating a market with revenues of 2.5 trillion dollars each year and providing 30 million jobs by mid-century.