In early 2017, thirteen leading industry, transport and energy companies united in the first global initiative of its kind, promoting hydrogen (H2) as the agent to foster the energy transition and help meet climate goals.
Since launching at the World Economic Forum just 18 months ago, the Hydrogen Council has quadrupled in size and now brings together an impressive group of 53 leading companies, accounting for 3.8 million jobs and €1.8 trillion in revenue from across 11 different countries.
The Hydrogen Council has experienced a second major wave of growth this year, welcoming an additional 14 members. Eight companies join the group at steering member level: Airbus, Air Products, Cummins, EDF, Johnson Matthey, KOGAS SINOPEC and thyssenkrupp, alongside six new members at supporting level: AFC Energy, Mitsubishi Heavy Industries, Re-Fire Technology, Summitomo Mitsui Banking Corporation, Sumitomo Corporation and Southern California Gas. In addition, Faurecia has upgraded its membership to steering level.
Seifi Ghasemi, Air Products’ Chairman, President and CEO, said, “Air Products is honoured to join this exceptional forum of multinational companies working to advance H2 technologies.”
“We bring our experience both as the leading supplier of H2 to refineries for producing cleaner burning transportation fuels, and as a H2 fueling pioneer, with over 250 fuelling projects in over 20 countries. In fact, we deployed our first H2 fuelling station 25 years ago and have built a portfolio of over 50 H2 supply and dispensing technology patents.”
This rapid expansion – with influential players entering from across geographies and aspects of the value chain – reflects surging interest in global H2 deployment.
“We are delighted to welcome 14 new CEOs at the Hydrogen Council.” said Benoit Potier, CEO and Chairman of Air Liquide and Co-chair of the Hydrogen Council. “The level of interest in this initiative has exceeded all expectations and the group’s composition – including world leaders in energy, transport, industrial gas and other key areas – shows that global business considers H2 a vital part of energy transition efforts.”
The announcement comes ahead of the council’s next annual CEO meeting that will take place during the Global Climate Action Summit (GCAS) in San Francisco, US, next week.
The meeting will see C-suite leaders of council member companies come together for a day of strategic discussions, action planning and engagement with stakeholders, all geared towards delivering on a joint vision of H2 averting 6 Gt of CO2 emissions, creating a $2.5 trillion market and providing employment for more than 30 million people by mid-century.
The Hydrogen Council has been also invited to present its work as part of the GCAS programme.
Dr. Woong-Chul Yang, Vice Chairman of Hyundai Motor Company and Co-chair of the Hydrogen Council added, “Over the last 18 months, we have brought together a critical mass of members, laid out a clear path forward to realise a global scale up of H2 in our “Hydrogen, Scaling Up” study and fostered new actions with governments around the world.”
“There is more to come – look out for more exciting announcements from the council as we come together during the Global Climate Action Summit next week.”