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Leading CEO’s call for Californian governor to dedicate $500m to hydrogen infrastructure

Leading CEO’s call for Californian governor to dedicate $500m to hydrogen infrastructure

In a letter to Governor Gavin Newsom, executives of 25 multi-national companies have called for major new investments to the hydrogen infrastructure as part of a zero-emission vehicle plan in California, US.

Signing the letter were officials from Toyota, Hyundai, BMW, Shell, Chevron, American Air Liquide Holdings, Ballard, Bayo Tech, Faurecia, Hexagon Purus, Nel-Americas, Nikola Motor, Plug Power, PowerTap Hydrogen Fueling Company, True Zero, Cellcentric, Cummins, Linde, 122 West, Black and Veatch, Mann + Hummel, Chart, Iwatani, Toyota Tsusho, and Ways2H.

The executives have specifically called on the Governor to boost funding in the state’s clean transportation program reauthorisation and to direct the California Energy Commission to dedicate $500m of the $1bn securitisation to hydrogen fuel infrastructure to serve light-duty, transit and the heavy-duty vehicle markets.

When deployed across multiple applications, systemic benefits start to kick in: infrastructure costs are shared across applications, technological developments in one application can be applied to others, and sector-coupling benefits could play a meaningful role.

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