Air Liquide: New “Hydrogen Council” Launches in Davos

DAVOS, Switzerland–(BUSINESS WIRE)–Regulatory News:

Air Liquide (Paris:AI):

Thirteen leading energy, transport and industry companies have today

launched a global initiative to voice a united vision and long-term

ambition for hydrogen to foster the energy transition.

In the first global initiative of its kind, the ‘Hydrogen Council’ is

determined to position hydrogen among the key solutions of the energy

transition. Hydrogen is a versatile energy carrier with favourable

characteristics since it does not release any CO2 at the point of use as

a clean fuel or energy source, and can play an important role in the

transition to a clean, low-carbon, energy system. Hydrogen technologies

and products have significantly progressed over past years and are now

being introduced to the market. The Council will work with, and provide

recommendations to, a number of key stakeholders such as policy makers,

business and hydrogen players, international agencies and civil society

to achieve these goals.

During the launch, members of the ‘Hydrogen Council’ confirmed their

ambition to accelerate their significant investment in the development

and commercialization of the hydrogen and fuel cell sectors. These

investments currently amount to an estimated total value of EUR1.4 Bn/year1.

This acceleration will be possible if the key stakeholders increase

their backing of hydrogen as part of the future energy mix with

appropriate policies and supporting schemes.

Meeting in Davos for the first time on Tuesday, the ‘Hydrogen Council’

is currently made up of 13 CEOs and Chairpersons from various industries

and energy companies committed to help achieve the ambitious goal of

reaching the 2 degrees Celsius target as agreed in the 2015 Paris

Agreement. The international companies currently involved are: Air

Liquide, Alstom, Anglo American, BMW GROUP, Daimler, ENGIE, Honda,

Hyundai Motor, Kawasaki, Royal Dutch Shell, The Linde Group, Total and

Toyota. The Council is led by two Co-Chairs from different geographies

and sectors, currently represented by Air Liquide and Toyota.

“The 2015 Paris Agreement to combat climate change is a significant step

in the right direction but requires business action to be taken to make

such a pledge a reality. The Hydrogen Council brings together some of

the world’s leading industrial, automotive and energy companies with a

clear ambition to explain why hydrogen emerges among the key solutions

for the energy transition, in the mobility as well as in the power,

industrial and residential sectors, and http://www.4shared.com/office/mu-3VPoEba/The_worst_customer_service_cal.html therefore requires the

development of new strategies at a scale to support this. But we cannot

do it alone. We need governments to back hydrogen with actions of their

own – for example through large-scale infrastructure investment schemes.

Our call today to world leaders is to commit to hydrogen so that

together we can meet our shared climate ambitions and give further

traction to the emerging Hydrogen ecosystem.” Benoît Potier, CEO, Air

Liquide.

“The Hydrogen Council will exhibit responsible leadership in

showcasing hydrogen technology and its benefits to the world. It will

seek collaboration, cooperation and understanding from governments,

industry and most importantly, the public. At Toyota, we have always

tried to play a leading role in environmental and technological advances

in the automotive industry, including through the introduction of fuel

cell vehicles. Moreover, we know that in addition to transportation,

hydrogen has the potential to support our transition to a low carbon

society across multiple industries http://wallinside.com/post-57545193-amd-fusion-ads-focus-on-graphics-user-experience-reuters.html and the entire value chain. The

Hydrogen Council aims to actively encourage this transition.” Takeshi

Uchiyamada, Chairman, Toyota.

A report entitled ‘How

Hydrogen empowers the energy transition2′ – commissioned

by the Hydrogen Council – further details this future potential that

hydrogen is ready to provide, and sets out the vision of the Council and

the key actions it considers fundamental for policy makers to implement,

to fully unlock and empower the contribution of hydrogen to the energy

transition.

As global companies from major energy and industrial sectors, it is part

of the corporate responsibility to provide solutions to manage the

energy transition and move forward to a low-carbon, sustainable economy:

joint action is required to tackle this formidable challenge. This is

why we invite governments and key society stakeholders to also

acknowledge the contribution of hydrogen to the energy transition and to

work with us to create an effective implementation plan.

The members of the Hydrogen Council collectively represent total

revenues of EUR 1.07 trillion and 1.72 million employees around the

world3.

ABOUT HYDROGEN

Hydrogen is a versatile, clean, and safe energy carrier that can be used

as fuel for power or in industry as feedstock, as well as it can be

easily stored on large scale. Hydrogen Council members are committed to

promoting its deployment. Hydrogen can be produced from (renewable)

electricity and from carbon-abated fossil fuels and produces zero

emissions at point of use. The uses for hydrogen continue to grow as it

can be stored and transported at high energy density in liquid or

gaseous form and can be combusted or used in fuel cells to generate heat

and electricity. This versatility confers to hydrogen a key enabling

role in the transport, industry and residential sectors, as well as for

the large-scale storage of renewable intermittent energies, making it a

promising solution to overcome the challenges of the energy transition.

1How Hydrogen empowers the energy transition, Report,

2017, Hydrogen Council

2www.hydrogencouncil.com

3Company figures from financial years 2015 and 2016

http://www.businesswire.com/news/home/20170117006683/en/Air-Liquide-Hydrogen-Council-Launches-Davos

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