Fusing fuel cell and plant construction technologies for hydrogen production markets in Japan and overseas
Chiyoda Corporation (hereinafter "Chiyoda") and Toyota Motor Corporation (hereinafter "Toyota") have agreed to jointly develop a large-scale electrolysis system and construct a strategic partnership and have signed a basic agreement on cooperation.
The goal is to contribute to achieving the government targets*1 for the introduction of electrolysis equipment both in Japan and overseas as part of the Basic Strategy on Hydrogen formulated by the government.
*1 The government targets for the introduction of electrolysis equipment are set at about 10% (approx. 15 GW) of the share of Japan-based companies (including parts manufacturers) within the 134 GW forecast for introduction globally by 2030. (Source: IEA, Global Hydrogen Review 2022)
More informations in the press release
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