Leading Companies Join For Construction Of H2 Filling Stations In Germany

(RTTNews) - Linde AG (LDE.L, LNAGF.PK) announced that the six partners in the 'H2 Mobility' initiative - Air Liquide (AIQUY.PK), Daimler (DDAIF.PK), Linde, OMV (OMVKY.PK), Shell and Total - have set up upon a specific action plan for the construction of a nationwide hydrogen refuelling network for fuel cell-powered electric vehicles. By the year 2023, the current network of 15 filling stations in Germany's public hydrogen infrastructure shall be expanded to about 400 H2 filling stations. As a first step the deployment of 100 hydrogen stations in Germany over the next four years is intended.

The 'H2 Mobility' initiative expects a total investment of around 350 million euros will be required for this infrastructure project.

The launch of fuel cell-powered production vehicles on the German market has been announced by first manufacturers for 2015. The 'H2 Mobility' joint venture will work closely with the automobile industry.

The agreement also includes the principles for the procurement and distribution of the necessary hydrogen and a request for support to the German Federal Government.