Toyota Motor and Sumitomo Mitsui Financial Group, is joining forces with domestic investment company Advantage Partners to establish a groundbreaking fund. This fund aims to revolutionize the country’s hydrogen sector by investing in critical infrastructure related to hydrogen production and storage.
The International Renewable Energy Agency (IRENA) projects that hydrogen and its derivatives could constitute a substantial 14% of the world’s total final energy consumption by 2050. With the urgent need to limit global temperature increases to 1.5 degrees Celsius, green hydrogen is seen as a key player in achieving this ambitious goal.
The Malaysian Ministry of Science, Technology and Innovation (Mosti) is setting its sights on making hydrogen energy affordable for the local market.
Ark Energy has officially broken ground on its SunHQ H2 Hub in Townsville, Queensland. The ceremony, attended by local dignitaries, company executives, and key stakeholders, marked the commencement of construction for the cutting-edge green hydrogen facility.
TECO 2030 and Yokogawa Electric Corporation have announced a strategic partnership and investment agreement. The primary goal of this collaboration is to advance hydrogen fuel cell technology, with a particular focus on deploying these innovative power sources in industrial applications, including maritime transportation.
Mitsubishi Heavy Industries (MHI) has successfully achieved stable combustion of hydrogen admixture through testing a single-cylinder engine.
BMW’s pursuit of mass-produced hydrogen-powered vehicles is at a crossroads, and its long-time partner Toyota, famous for the Mirai, has shifted its focus away from hydrogen fuel cell cars, signaling potential challenges ahead.
Toyota, the Japanese automotive giant, has recognized that its ambitious foray into the passenger car hydrogen market, represented by the Toyota Mirai, did not achieve the expected success. However, the brand is not abandoning the hydrogen technology but is rather shifting its strategic focus.
INPEX Corporation, has taken a significant step toward advancing its involvement in the emerging hydrogen energy sector. INPEX recently finalized an agreement to acquire shares in Japan Suiso Energy (JSE), a joint venture formed by two prominent entities in the industry: Kawasaki Heavy Industries and Iwatani Corporation.
Toyota and Hyundai have joined forces alongside energy companies Ampol and Pacific Energy to develop hydrogen refueling infrastructure. This collaboration aims to address the critical challenge of establishing a robust hydrogen ecosystem in the country.
