Phillips 66 and H2 Energy Europe to from JV to develop up to 250 hydrogen retail refueling stations by 2026 in Germany, Austria and Denmark
08 February 2022
Phillips 66 and H2 Energy Europe will develop up to 250 retail hydrogen refueling stations across Germany, Austria and Denmark by 2026 through a 50-50 joint venture between their subsidiaries, Phillips 66 Limited and H2 Energy Europe AG. The agreement is subject to regulatory approvals and customary closing conditions.
Phillips 66 Limited is a UK.-based, wholly owned subsidiary of Phillips 66, a diversified energy manufacturing and logistics company. Phillips 66 has a strong retail presence with more than 1,000 JET-branded stations in Europe and a growing hydrogen refueling network in Switzerland through its participation in the Coop Mineraloel AG joint venture.
Swiss-headquartered H2 Energy is a joint venture between commodity trading firm Trafigura Pte Ltd. and H2 Energy Holding AG, a leading hydrogen provider in Europe with investments in the production, distribution and utilization of green hydrogen. Through its affiliated companies, H2 Energy was the first to develop and deliver hydrogen fuel cell trucks to commercial users and create a green hydrogen fueling ecosystem in Switzerland.
The European subsidiaries of Phillips 66 and H2 Energy will leverage their capabilities to develop a retail network, bringing together hydrogen supply, refueling logistics and vehicle demand. The parties aim to supply the retail refueling network with green hydrogen, as available.
Demand is anticipated in part through H2 Energy’s ownership in Hyundai Hydrogen Mobility, a retail and distribution partner in Europe for Hyundai’s commercially available heavy-duty fuel cell electric truck.
The joint venture’s future network of hydrogen refueling stations in Germany, Austria and Denmark will comprise existing JET-branded retail stations as well as new locations on major transport routes. H2 Energy will be responsible for integrating hydrogen production, supply and the refueling apparatus through its wholly owned and affiliated entities. Government support will be required for the implementation of the refueling network.
H2 Energy recently unveiled activities to build a 1-gigawatt electrolysis plant in Denmark capable of generating up to 90,000 metric tons a year of green hydrogen from electricity sourced from offshore wind.
The Chinese have already "closed the case" on H2 for FCs. They have determined that FCs are too sensible to function properly in a polluted environment as applicable to their larger cities. IOW, it is totally stupid to run after a Fatah-Morgana. It appears as though the Chinese are again a step ahead of the pack in the "rat race".
Posted by: yoatmon | 08 February 2022 at 03:59 AM
Oooops! Not sensible rather sensitive.
Posted by: yoatmon | 08 February 2022 at 04:03 AM
A very good decision by Phillips 66 and H2 Energy Europe! I'm a big fan of H2 and will be buying an H2 car soon. I will also supply my house with H2 energy. This is absolutely the right path to clean energy. If WE in Europe and the USA do not become independent of China BEV energy, we will remain dependent on batteries from China. No democratic person in the world wants that! Think globally and only produce and buy GOODS where you live and live! This is real ecology!
Posted by: Herman | 09 February 2022 at 05:14 AM