Michelin, Saudi Aramco, Siemens and Nikola Motor are among 22 companies that have joined the Hydrogen Council bringing its membership total to 81, the CEO-led organisation that aims to position hydrogen among the key solutions of the energy transition said today.
The group has welcomed an Australian and Saudi company for the first time, as well as a group of financial institutions which form a new Investor Group that has the aim of supporting massive scale-up of hydrogen solutions to decarbonise sectors including transport, buildings and heavy industry.
Out of the 22 new members, five become steering members: CNH Industrial (via IVECO), Michelin, Saudi Aramco (via the Aramco Overseas Company), Schaeffler Group, and Siemens; 12 become supporting members: Chart Industries, Chevron, ElringKlinger, Fortescue Metals Group, Galp, ILJIN Composites, MANN+HUMMEL, McDermott, Nikola Motor, Sinocat, Snam and Woodside Energy; and a new Investor Group of five companies that occupy the financial space: Antin Infrastructure Partners, BNP Paribas, Crédit Agricole, John Laing, and Société Générale.
This membership announcement comes just days before the Council’s third anniversary CEO Event, to be held on Monday (20th January) in Versailles alongside French President Macron’s ChooseFrance! Summit and the World Economic Forum in Davos.
This annual convening is the Hydrogen Council’s signature event that not only positions the global association as a business marketplace for the world’s top energy, mobility, and financial companies, but also provides a time for all members to assess the state of the industry and develop strategies that will lay the path ahead for the fast emerging hydrogen economy.
“We are very pleased to see continued interest from world-renowned companies who recognise the massive potential of hydrogen and share our mission of scaling up hydrogen solutions,” said Benoit Potier, Chairman and CEO of Air Liquide and Co-chair of the Hydrogen Council.
“In the past three years the Hydrogen Council has boosted global collaboration and the industry is firmly positioned to scale up hydrogen solutions around the world.”
“Increased support from new countries and investors is a testament of the strong momentum we have built.
“It is through this continued collaboration and the scaling up of hydrogen solutions that we will achieve the environmental and economic benefits toward a low carbon society.”
The addition of the Council’s newest members is the culmination of a year of strong progress in 2019.
Across the last year, the Council engaged ministers at the Hydrogen Energy Ministerial and several other forums, established partnerships with international organisations such as IEA Hydrogen and the European Investment Bank and hosted industry leaders as well as members of the investment community during its Investor Day at the G20 Summit.
The launch of the Investor Group is another step in defining and implementing specific action plans with appropriate supporting tools that will help accelerate major investment into large-scale commercialisation of hydrogen solutions across industries worldwide.
According to the Hydrogen Council’s 2018 Scaling Up report, it is expected that by 2050, hydrogen could meet 18% of the world’s energy demand, with hydrogen applications being scaled, driving down cost, and making the solutions more affordable for everyday people.
“We believe in the power of hydrogen and the role it can play in our existing energy system as well as a new cleaner one,” said Euisun Chung, Executive Vice Chairman of Hyundai Motor Group and Co-chair of the Hydrogen Council.
“I continue to be inspired by the expansion of the Council’s membership and look forward to partnering with our new member companies as we continue to advocate for a clean energy future, with hydrogen at the forefront.”
Commenting on today’s announcement, H2 View’s Managing Editor Rob Cockerill said, “The continued expansion of the Hydrogen Council is brilliant news for the hydrogen sector, further adding to the gravitas of the notion of a hydrogen-enabled society.”
“It’s significant because the Council plays a unique double role in this movement as both a catalyst and a signifier of the flourishing hydrogen society.”
“All of these companies, many of them household names and all of them heavyweight players across the industrial and energy sectors, believe in hydrogen and its future role in decarbonising all walks of life.”