Iwatani Corporation And Toyota Motor North America (NYSE:TM) Collaborate To Expand Hydrogen-Fuelling Infrastructure In California

Iwatani Corporation’s wholly-owned subsidiary Iwatani Corporation of America and Toyota Motor North America (NYSE:TM) announced that Toyota would support Iwatani’s expansion plans. Iwatani wants to expand the number of retail hydrogen fuelling stations in South California by almost 25%.

Expanding hydrogen-fuelling infrastructure in California

The expansion will represent a 6,300 KG per day increase in hydrogen fuel dispensing capacity. The company expects construction of the new stations to commence in early next year with the commissioning of the first stations anticipated in mid-2021. The seven fuel stations Iwatani is constructing will be available to the public offering hydrogen fuel to customers to support the burgeoning demand for zero-emission fuel cell electric vehicles.

Most importantly, the new stations will deploy the latest H2Station hydrogen fuel dispensing tech offered by Nel Hydrogen. Every station will have two fuelling areas with each portion capable of supplying hydrogen of around 900 kilograms per day. The expansion becomes Iwatani’s largest investment in California and will bring its total hydrogen fuelling station network globally to 64.

Iwatani Corporation of America’s CEO, Joseph Cappello, said that they are pleased to collaborate with Nel Hydrogen and Toyota to deliver hydrogen fuelling tech to customers in the California market. He added that the new seven stations reflect the commitment of the company is investing in the heavy and light-duty hydrogen infrastructure in California.

Toyota expects 2021 Toyota Mirai later this year

According to Toyota Motor North America’s group corporate strategy and planning VP, Doug Murtha, the expansion of the hydrogen fuel stations in California is proof of growing demand for zero-emission cars. He said that they are looking forward to supporting Iwatani America in the next phase. Murtha said that this is a perfect moment to expand hydrogen fueling infrastructure considering the company’s second-generation all-new 2021 Toyota Mirai will be available at dealers at the end of this year.

Nel Hydrogen’s Key Accountant Manager, Ulrik Torp Svendsen said that they are honoured that Iwatani and Toyota chose the H2Station hydrogen-fuelling station technology for improving hydrogen network in southern California.

Published by Donna Fago

I believe in writing content Informing investors with the knowledge they need to invest better today- I have been following the markets for many years and was asked to join the team at WallStreetPR.com recently due to my passion for the markets.

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