Toyota Motor Europe (TME) is investing in EODev (Energy Observer Developments in a bid to accelerate the production of hydrogen technology.
TME and EODev have worked together in various different hydrogen-related projects since 2017 including maritime fuel cells and hydrogen generators.
In early 2020, EODev and TME’s Fuel Cell Business integrated Toyota’s leading fuel cell technology in the Energy Observer boat, ahead of its Atlantic and Pacific Ocean crossings.
This marked Toyota’s expansion into a new business area where it has become a fuel cell technology supplier and integrator.
Both companies worked together to develop hydrogen products around the Toyota modular fuel cell system.
EODev’s REXH2 is a maritime hydrogen power solution that can be integrated into different kinds of ships, in full compliance with environmental and regulatory constraints, and its GEH2 stationary generator is another example of a zero-emission solution using the Toyota hydrogen technology.
Speaking about the investment, Matt Harrison, President and CEO of Toyota Motor Europe, said, “This will enable the industrialisation of hydrogen solutions developed by both companies’ engineers using the Toyota fuel cell technology.”
“Our partnership has already been very successful, and this enhanced cooperation will help further develop products that accelerate decarbonisation and the growth of a hydrogen society.”
EODev and its partners are positioning themselves as a European leader capable of designing, assembling and distributing zero-emission energy systems on an industrial scale.
Jérémie Lagarrigue, CEO of Energy Observer Developments, said, “We are very pleased with the capital investment in our business by Toyota. It marks a significant step in the development of EODev.”
“Our relationship began by developing the GEH2 and REXH2 together and validating it with the Energy Observer boat. Toyota’s capital investment makes our partnership even closer.”
“This is a real recognition of the work carried out by our respective teams and a strategic acceleration for EODev.”