FirstElement Fuel: California’s 123 new hydrogen stations are the key to a self-sustaining business case

FirstElement Fuel: California’s 123 new hydrogen stations are the key to a self-sustaining business case

The California Energy Commission’s (CEC) recent investment into hydrogen infrastructure in the sunshine state – the largest since 2015 – is the key to transitioning hydrogen refuelling and mobility to a self-sustaining business case, Shane Stephens, founder and Chief Development Officer of FirstElement Fuel told H2 View today.

As California’s biggest hydrogen station developer and operator, FirstElement Fuel was the highest scoring applicant in this competitive grant solicitation receiving 45% of the funding, the largest amount a single applicant could win. This means over the next five years (2020 to 2025), FirstElement will build somewhere between 41 and 49 new stations in California.

“The way the grant was structured – it’s a multi-year grant – this starts to transition companies to providing more private funding and relying less on direct public funds. I think at the end of this, we’ll be in a position to start getting off public funds altogether,” Stephens explained.

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