The stations will supply green hydrogen, which can be used to power vehicles through a fuel cell inside that converts hydrogen into electricity.Phillips 66 said Tuesday it partnered with hydrogen company H2 Energy to develop a network of hydrogen fueling stations in Germany, Austria and Denmark.
The two companies have equal stake in the joint venture named JET H2 Energy Austria, the Houston refiner said in a statement. The new company plans to develop around 250 hydrogen refueling stations by 2026.Shell buys Houston-based Timewise brand so it can sell biofuels, electric vehicle charging Hydrogen can be used to power vehicles through a fuel cell inside that converts hydrogen into electricity. The fueling stations will supply green hydrogen made by splitting water into hydrogen and oxygen using renewable electricity.
Switzerland-based H2 Energy, owned in part by the trading firm Trafigura, is developing a 1-gigawatt electrolysis plant in Denmark to fuel the network of stations it is developing with Phillips 66. The plant will be capable of generating roughly 100,000 metric tons a year of green hydrogen using electricity from offshore wind.
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