Toyota establishes new European Fuel Cell Business Group to support and stimulate this growth with like-minded partners. The company’s fuel cell technology is evolving rapidly in terms of capability, lower costs and convenient packaging, and Toyota expects its fuel cell business volume to increase 10-fold in the short term.
"The benefits of hydrogen are clear. That’s why we expect our global sales of fuel cell systems to increase by a factor of 10 in the short term, and why we have dramatically increased our production capacity. Toyota is leading the way with strong investment in the Hydrogen Society, through next-generation vehicles, the opening of new markets and technology applications, in extra fuel cell production capacity and in our organization here in Europe.”
Thiebault Paquet, Director of the Fuel Cell Business Group
To accelerate hydrogen’s widespread take-up, Toyota will focus on hydrogen “clusters” or eco-systems in European centres where a local infrastructure is supporting transport fleets and mobility services. It believes activity like this will drive demand for hydrogen, bringing down costs and strengthening the viability of the supply infrastructure, which in turn will attract more customers.
Through the new Fuel Cell Business Group, Toyota will work closely with industry partners, national and regional governments and organisations to stimulate the development of hydrogen eco-systems in more locations and progress towards the goal of a Hydrogen Society for the benefit of all.
