HyWeb, 2009-08-27: Eight Japanese companies, Nippon Oil, Showa Shell Sekiyu, Idemitsu Kosan, Cosmo Oil, Japan Energy Corp., Tokyo Gas, Osaka Gas and Toho Gas have agreed to launch a joint effort to develop the equipment and facilities to supply hydrogen for fuel cell vehicles. Car manufacturers involved in the development of fuel cell vehicles are to take part in the energy infrastructure initiative.
The group aims to commercialise the supply of hydrogen for fuel cell-powered vehicles before 2015. The eight companies intend to reduce the costs of hydrogen supply infrastructure by unifying standards and systems.
According to the Japanese newspaper The Yomiuri Shimbun, the start-up costs of the group’s joint business may be as much as several tens of billions of yen (several 100 million euros). The group may seek co-funding from the Industry Innovation Organization, a Japanese public-private investment fund.