The European subsidiaries of Phillips 66 and H2 Energy Europe have formed a 50-50 joint venture to develop up to 250 retail hydrogen refueling stations across Germany, Austria and Denmark by 2026.
The hydrogen refueling stations network will include existing JET-branded retail stations and new locations that will be along major transport routes. The firms intend to supply the network with green hydrogen. H2 Energy will integrate hydrogen production, supply and the refuelling apparatus through its wholly-owned and affiliated entities.
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“We consider hydrogen and fuel cell technology an enabler of the energy transition,” said Rolf Huber, Founder of H2 Energy. “It buffers excess electricity production, and stores and distributes energy that has been produced by renewables.”
The agreement is subject to regulatory approvals and customary closing conditions.
“At Phillips 66, we believe that expanding access to hydrogen is critical to achieving a lower-carbon future,” said Brian Mandell, Phillips 66 Executive Vice President, Marketing and Commercial. “We’re excited to join forces with H2 Energy, which has demonstrated success in developing technology assets across the hydrogen value chain.”
