Vancouver-based First Hydrogen Corp. has established a new wholly owned subsidiary NetzeroH2 Inc. for the design, production and roll out of hydrogen refueling stations providing hydrogen distribution for the automotive market.
The state-of-the-art refueling stations will be designed and developed in conjunction with FEV Consulting GmbH, combines top management consulting expertise with the technical capabilities and knowhow of the FEV Group. FEV’s deep industry knowledge enables FEV to create pragmatic solutions to some of the most pressing and complex issues facing today’s enterprises.
First Hydrogen views the development of the hydrogen refueling network as accretive to its automotive strategy and serve its mobility customers over the lifetime of their ownership of First Hydrogen vehicles. This can also service the hydrogen fuel mobility market as an additional opportunity for selling hydrogen related technology to its customer base and more generally to accelerate the adoption of hydrogen as a main source of fuel for the light to heavy transport sector.
A recent report prepared by McKinsey & Company for the Hydrogen Council states hydrogen is central to reaching net zero emissions and limit global warming to 1.5 degrees Celsius because it can abate 80 gigatons of CO2 by 2050.
Source: First Hydrogen