Chevron and Toyota have today (21st April) unveiled a new strategic alliance which aims to advance a functional, thriving global hydrogen economy.
The two companies have signed a new Memorandum of Understanding (MoU) to catalyse and lead the development of commercially-viable, large-scale businesses in hydrogen.
The strategic alliance will look to work together on three main strategic priorities including collaborating on hydrogen-related public policy measures that support the development of hydrogen infrastructure.
In addition to this, both companies will attempt to understand current and future market demand for light-duty and heavy-duty fuel cell electric vehicles and supply opportunities for that demand, as well as explore opportunities to jointly pursue research and development in hydrogen-powered transportation and storage.
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