The first global initiative of its kind held its inaugural Investor Day – Hydrogen: ready to scale – this week and welcomed three new members.
Launched at the World Economic Forum in Davos, Switzerland back in January, The Hydrogen Council aims to voice a united vision and long-term ambition to position hydrogen (H2) as a key solution of the worldwide energy transition in the march towards a 1.5°C word as outlined at COP21.
Co-chaired by Air Liquide’s CEO Benoît Potier and Toyota’s Chairman Takeshi Uchiyamada, the Hydrogen Council brings together some of the world’s leading industrial, automotive and energy companies with a clear ambition to explain how H2 could be used as a key solution in the mobility, power, industrial and residential sectors.
The Hydrogen Council is currently comprised of CEO’s from Air Liquide, Alstom, Anglo American, Audi, BMW Group, Daimler, ENGIE, Honda, Hyundai, Iwatani, Kawasaki, Plastic Omnium, Shell, The Linde Group, Total and Toyota.
Earlier this month, the Hydrogen Council welcomed new steering members Audi, Iwantani, Plastic Omnium and Statoil to the board.
At the first Hydrogen Council Investor Day, it was revealed three new North American members would be joining the council; General Motors as a steering member and Hydrogenics and Ballard as supporting members.
The ground-breaking event, an affiliate event of New York Climate Week, boasted more than 160 investors, industry experts and policy stakeholders. Keynotes included contributions by Benoît Potier, Sue Reid, Vice-President of Climate & Energy, and Patrick Pouyanné, Chairman and CEO of Total.
The goal of this event, was to discuss the contribution of H2 in the future energy mix and its key role in the transition to sustainable and carbon-free energies. It was also an opportunity to raise awareness among the financial community on the investment opportunities presented by the development of H2 technologies for the future, in industry, automotive and energy sectors, serving the energy transition.
Panels covered how H2 empowers the energy transition; why these technologies are now considered market-ready; discussed existing business cases and investment opportunities, as well as the strategies and tools required for scale development.