PROVIDENCE ASSET GROUP IS NOW PART OF HYDROGEN COUNCIL

28 July, 2020

28 July, 2020

Below content from Hydrogen Council Newsroom. 

Brussels, 27 July 2020 – The Hydrogen Council, a global CEO-led coalition working to enable the global energy transition through hydrogen, has today announced 11 new members. The news comes at a pivotal moment for the world’s sustainable economic recovery from the coronavirus pandemic and further bonds the industry’s commitment to leverage hydrogen solutions to build a cleaner, more resilient economy post-COVID. It also comes on the back of several major government announcements regarding investment and policy action to support hydrogen over the last two weeks. The Hydrogen Council has grown from 13 founding companies in 2017 to 92 members in just three years.

The group of new joiners includes two steering members: CMA CGM and Microsoft; seven supporting members: Baker Hughes, Clariant, MAHLE, NYK Line, Port of Rotterdam, TechnipFMC and Umicore; and two investors: Mubadala Investment Company and Providence Asset Group. This group mirrors the wide range of geographical and sector interest in hydrogen – including companies headquartered in Europe, Asia, Australia, the United States and United Arab Emirates, as well as representing sectors such as chemicals (Clariant), automotive (MAHLE), energy and materials technology (Baker Hughes, TechnipFMC, Umicore), shipping (CMA CGM, NYK Line), industrial ports (Port of Rotterdam) and digital (Microsoft). The two investors – Mubadala Investment Company and Providence Asset Group – will be joining the Hydrogen Council’s Investor Group, established in January 2020 to bridge the gap between the investor community and the hydrogen industry and facilitate investment of large-scale projects.

“As policymakers, businesses and investors across the globe are working to recover from the economic and social consequences of the pandemic, hydrogen is increasingly recognised as an indispensable piece of the puzzle. The recently announced EU, German and Korean plans on hydrogen are among prime examples of that momentum and we hope that other countries will join in soon”, said Benoît Potier, Chairman and CEO of Air Liquide and Co-chair of the Hydrogen Council. “This crisis will define our energy production and consumption for at least a generation. The companies joining our group today acknowledge that this is a critical time to accelerate clean energy innovation to reach our climate goals and recognise that hydrogen can play a paramount role in doing so.”

Takeshi Uchiyamada, Chairman of the Board of Toyota Motor Group and new Co-chair of the Hydrogen Council since July 2020 added: “On the cusp of a global energy transformation, we need long-term thinking and massive investments in systemic solutions like hydrogen. Hydrogen technologies can provide zero-emission energy and transport solutions, enable deep industrial decarbonisation and help renewables maximise their potential through storage.”

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Download the PDF version of the press release here.

About the Hydrogen Council:

The Hydrogen Council is a CEO-led organisation that uses its global reach to promote collaboration between governments, industry and investors, and to provide guidance on accelerating the deployment of hydrogen solutions around the world. The Council acts as a business marketplace, building a comprehensive hydrogen economy and shifting the perception of hydrogen globally. In addition, the Hydrogen Council serves as a resource for safety standards and an interlocutor for the investment community, while identifying opportunities for regulatory advocacy in key geographies. The coalition of 92 members including large multinationals, innovative SMEs and investors collectively represents total revenues of over €18.9 trillion and over 6.5 million jobs around the world. To find out more visit www.hydrogencouncil.com and follow us on Twitter @HydrogenCouncil.

Hydrogen Council Press Office:

Ciel Jolley, +32 2 289 09 30 – Ciel.Jolley@fticonsulting.com
Evelyne Bauer, +32 477 56 26 15 – Evelyne.Bauer@fticonsulting.com