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Toyota to provide financial assistance to FirstElement for construction of H2 refueling network in California
2 May 2014
Toyota Motor Sales (TMS) and its affiliate Toyota Motor Credit Corporation (TMCC) have entered into a group of financial agreements with FirstElement Fuel Inc. (FE) to support the long-term operation and maintenance expenses of new hydrogen refueling stations in California.
FirstElement was selected by the California Energy Commission for a proposed award of $2,902,000 to construct two 100% renewable refueling stations in Los Angeles, and $24,667,000 for 17 stations in other key locations in California. (Earlier post.) Toyota’s actual amount of financial assistance will be based on an analysis of the grant award to FirstElement by the California Energy Commission’s (CEC) Notice of Proposed Awards (NOPA) announced yesterday, and final approval of the NOPA, anticipated in June.
In accordance with the terms of the agreement with Toyota, FirstElement will work to develop an integrated and reliable network of fueling stations across California in target market locations approved by Toyota, and consistent with the California Fuel Cell Partnership Road Map.
The first few years here in California will be a critical period for hydrogen fuel cell technology. California has stepped up with the offer to invest $200 million dollars to build 100 stations, and through this financial arrangement with FirstElement, Toyota is showing its full commitment to deploy zero emission fuel cell vehicles here in California. Perhaps most importantly, we are showing the future owners of this amazing technology that Toyota is helping to ensure that hydrogen refueling will be available, no matter what car brand is on the hood.—Bob Carter, senior vice president, Automotive Operations, Toyota Motor Sales, USA,
TMS also announced that Linde LLC plans to build a hydrogen fueling station on TMS-owned property located in San Ramon, California, adjacent to Toyota’s San Francisco Regional Office and Parts Distribution Center. This location would serve local and regional customers, as well as serve as an important connector site between the Sacramento and San Joaquin valleys and the San Francisco Bay Area.
This is just a start, but it’s the first step in getting to the point in the near future where this technology will move into the mainstream.—Bob Carter
FirstElement is planning stations in Campbell, Coalinga, Costa Mesa, Hayward, Laguna Niguel, Lake Forest, La Canada Flintridge, Long Beach, Mill Valley, San Diego, San Jose, Santa Barbara, Saratoga, South Pasadena, South San Francisco, Redwood City and Truckee.
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