As we strive for a completely decarbonized world by 2050, the importance of hydrogen’s role in a transition to net zero has never been more evident. But in the face of a challenging economic landscape, and rising supply chain costs and constraints, the need to supply the world with the most competitive sources of clean hydrogen is paramount, a new Hydrogen Council summary report released today says.
Hydrogen Council adds four new members from diverse industries and geographies
May 25, 2023
BRUSSELS, May 25, 2023 – The Hydrogen Council‘s membership is continuing to grow across diverse industries and geographies with the CEO-led initiative today announcing the addition of four new leading companies to its ranks.
Sharing a united vision of the essential role that hydrogen can play in the clean energy transition, in just six years the Council has grown from 13 founding members to close to 150 multinational companies representing the entire hydrogen value chain.
The latest four members to join the Hydrogen Council come from a diverse range of industries and geographies, highlighting the continued rising interest in hydrogen. The newest additions are:
- One new steering member: ExxonMobil Low Carbon Solutions, established in 2021 by ExxonMobil, the business is working to bring lower-emission technologies to market.
- Two new supporting members: Bekaert, a global market and technology leader in material science of steel wire transformation and coating technologies, and Dover Corporation, a diversified global manufacturer of industrial products including solutions for hydrogen applications, infrastructure, refueling, mobility and other end uses.
- One new investor member: Mizuho Bank, banking subsidiary of Mizuho Financial Group, one of Japan’s largest financial institutions.
Here’s what the four new members had to say about joining the Hydrogen Council:
Dan Ammann, President of ExxonMobil Low Carbon Solutions, commented: “Joining the Hydrogen Council demonstrates our commitment to advancing hydrogen as a clean, scalable energy solution. Bringing together global leaders, including governments, industry and investors, fuels the progress and collaboration needed to get society closer to a net zero future.”
Yves Kerstens, Divisional CEO Specialty Businesses, Bekaert, commented: “Our membership in the Hydrogen Council reflects Bekaert’s commitment to accelerating the energy transition, recognizing hydrogen as a pivotal enabler. By bringing innovative solutions and fostering collaboration with industry leaders, we strive to unleash the full potential of hydrogen and contribute to a more sustainable future.”
Richard Tobin, President and CEO of Dover, commented: “We’re proud to join the Hydrogen Council and greatly look forward to collaborating with other top companies in this space to help define the future for the hydrogen industry across a variety of applications.”
Masahiko Kato, President and CEO, Mizuho Bank, commented: “Mizuho strongly believes that development of the hydrogen economy and ecosystem is a key for decarbonization and supports our clients through our service such as the Climate Transition Finance. Through the Hydrogen Council initiative, we together would like to accelerate the development of the hydrogen economy worldwide.”
About The Hydrogen Council
The Hydrogen Council is a global CEO-led initiative that brings together leading companies with a united vision and long-term ambition for hydrogen to foster the clean energy transition.
The Council understands that hydrogen has a key role to play in reaching global decarbonization goals by helping to diversify energy sources worldwide, to foster business and technological innovation as drivers for long-term economic growth, and to decarbonize especially hard-to-abate industrial sectors.
Background on the Hydrogen Council’s new members
ExxonMobil, one of the largest publicly-traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. The corporation’s primary businesses – Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world.
Bekaert’s ambition is to be the leading partner for shaping the way we live and move – safe, smart, sustainable. Our heritage is steel wire transformation, and we also apply our expertise beyond steel. Bekaert is committed to enable the energy transition with an offering in renewables generation (in floating offshore wind technology) and in hydrogen production, transmission, storage, distribution, and heating. These activities are serviced thanks to our mooring solutions, electrolyzer components, wire/steelcord reinforcements, hose wires and burners compatible with hydrogen.
Dover Corporation is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. Dover delivers innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies.
Recognized for its entrepreneurial approach for over 65 years, Dover’s team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, additional information is available at dovercorporation.com.
Mizuho Bank is a banking subsidiary of Mizuho Financial Group, one of the largest financial institutions in Japan. It is a comprehensive global financial group with banking, securities, trust, asset management and think tank functions.
As a comprehensive financial group, Mizuho provides advisory services to hydrogen businesses (from the perspective of a financier), as well as the structuring and financing of hydrogen-related projects.
Joanna Sampson, Communications Manager, Hydrogen Council