- New geographies represented, including Australia and the Middle East
- New Investor Group established to connect investor community with industry in view of massive global scale-up of hydrogen solutions
Brussels, 15 January 2020 – The Hydrogen Council today announces a wave of new members to include for the first time both an Australian and Saudi company, as well as a group of financial institutions which form a new Investor Group with the aim of supporting massive scale-up of hydrogen solutions to help decarbonise sectors including transport, buildings and heavy industry. The Council today grows to 81 companies as it welcomes 22 new members, including five steering members: CNH Industrial (via IVECO), Michelin, Saudi Aramco (via the Aramco Overseas Company), Schaeffler Group, and Siemens; 12 supporting members: Chart Industries, Chevron, ElringKlinger, Fortescue Metals Group, Galp, ILJIN Composites, MANN+HUMMEL, McDermott, Nikola Motor, Sinocat, Snam, and Woodside Energy; and a new Investor Group of five companies that occupy the financial space: Antin Infrastructure Partners, BNP Paribas, Crédit Agricole, John Laing, and Société Générale.
This membership announcement comes just days before the Council’s third anniversary CEO Event, to be held on 20 January in Versailles alongside French President Macron’s ChooseFrance! Summit and the World Economic Forum in Davos. This annual convening is the Hydrogen Council’s signature event that not only positions the global association as a business marketplace for the world’s top energy, mobility, and financial companies, but also provides a time for all members to assess the state of the industry and develop strategies that will lay the path ahead for the fast emerging hydrogen economy.
“We are very pleased to see continued interest from world-renowned companies who recognize the massive potential of hydrogen and share our mission of scaling up hydrogen solutions,” said Benoit Potier, Chairman and CEO of Air Liquide and Co-chair of the Hydrogen Council. “In the past three years the Hydrogen Council has boosted global collaboration and the industry is firmly positioned to scale up hydrogen solutions around the world. Increased support from new countries and investors is a testament of the strong momentum we have built. It is through this continued collaboration and the scaling up of hydrogen solutions that we will achieve the environmental and economic benefits toward a low carbon society.”
The Hydrogen Council is a CEO-led global initiative of leading energy, transport and industry companies with a united vision and long-term ambition for hydrogen to foster the energy transition. The addition of the Council’s newest members is the culmination of a year of strong progress in 2019. Across the last year, the Council engaged ministers at the Hydrogen Energy Ministerial and several other forums, established partnerships with international organisations such as IEA Hydrogen and the European Investment Bank, and hosted industry leaders as well as members of the investment community during its Investor Day at the G20 Summit. And now, the launch of the Investor Group is another step in defining and implementing specific action plans with appropriate supporting tools that will help accelerate major investment into large-scale commercialisation of hydrogen solutions across industries world-wide. It is expected that by 2050, hydrogen could meet 18% of the world’s energy demand with hydrogen applications being scaled, driving down cost, and making the solutions more affordable for everyday people.
“We believe in the power of hydrogen and the role it can play in our existing energy system as well as a new cleaner one,” said Euisun Chung, Executive Vice Chairman of Hyundai Motor Group and Co-chair of the Hydrogen Council. “I continue to be inspired by the expansion of the Council’s membership and look forward to partnering with our new member companies as we continue to advocate for a clean energy future, with hydrogen at the forefront.”
Today’s membership growth brings the Hydrogen Council to a total of 81 companies that represent the full hydrogen supply chain and several regions of the world with expanding hydrogen markets. The coalition has more than quadrupled in size since its founding in 2017 by 13 members.
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 81 members including large multinationals, innovative SMEs and investors collectively represents total revenues of over €18.7 trillion and close to 6 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
Amber Glenn, +1 202 346 8871 – amber.glenn@fticonsulting.com
About our new members:
Steering members
CNH Industrial (via IVECO): CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com
Michelin: Michelin is dedicated to sustainably enhancing its clients’ mobility. A leader in the mobility sector, Michelin designs, manufactures and distributes tyres best suited to its clients’ needs and uses, as well as services and solutions to improve mobility efficiency. Michelin also offers its clients the opportunity for unique experiences during their trips and travels. In addition, Michelin develops high-tech materials for use in a number of sectors. Based in Clermont-Ferrand, Michelin is present in 170 countries, employs more than 125,000 people and operates 67 tyre plants, which together produced approximately 190 million tyres in 2018. For further information about Michelin: www.michelin.com
Saudi Aramco: Saudi Aramco is a global integrated energy and chemicals company. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world. For further information about Saudi Aramco: www.saudiaramco.com
Schaeffler: As an integrated automotive and industrial supplier, Schaeffler is shaping mobility and the associated energy chain with the objective of achieving maximum sustainability and CO2 neutrality. Green hydrogen technology offers enormous potential for energy storage and emission-free vehicle propulsion solutions. One particular way to solve the challenge of achieving economic success is the industrial production of key components for a future H2 economy. Fuel cells and electrolyzers are still only being built in small quantities. Significantly more efficient volume production and the corresponding progress in specific and, in particular, material-oriented technologies will provide the breakthrough here. The establishment and expansion of R&D partnerships for the development and testing of fuel cell components is therefore also an important strategic concern. Through the industrialization of key components, initially for fuel cells, Schaeffler will make an important contribution and use its market-leading core expertise in materials, forming, and surface technology in a customer-oriented manner, and is actively looking for opportunities. For further information about Schaeffler: www.schaeffler.com/
Siemens Gas and Power: Siemens Gas and Power (GP) is a global pacesetter in energy, helping customers to meet the evolving demands of today’s industries and societies. GP comprises broad competencies across the entire energy value chain and offers a uniquely comprehensive portfolio for utilities, independent power producers, transmission system operators, the oil and gas industry and other energy intensive industries. Products, solutions, systems and services address the extraction, processing and the transport of oil and gas as well as power and heat generation in central and distributed thermal power plants, power transmission and grid stability, as well as energy transition technologies including storage. With global headquarters in Houston in the U.S. and around 63,000 employees in over 80 countries, Siemens Gas and Power has a presence across the globe and is a leading innovator for the energy systems of today and tomorrow, as it has been for more than 150 years. For further information about Siemens Gas and Power: https://new.siemens.com/global/en.html
Supporting members
Chart Industries: ‘You may never use the products we make, but everyone uses the products we make possible.’ Our focus is cryogenics. Chart is a recognized global brand for the design and manufacture of highly engineered cryogenic equipment and complete solutions used from the beginning to the end in the liquid gas supply chain. Our products are critical components in the separation of oxygen, nitrogen and noble gases from air and, through the processing and liquefaction of natural gas. Furthermore, we provide the end-use systems; from carbonated beverages, industrial welding, food preservation, and providing a green energy future through pioneering the adoption of hydrogen and LNG as clean burning, economical fuels for energy, transportation and in industry. Chart has engineering, commercial and manufacturing operations located across the United States, Australia, China, India and Europe. For further information about Chart Industries: www.chartindustries.com/
Chevron Corporation: Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. For further information about Chevron: www.chevron.com
ElringKlinger: ElringKlinger is one of the world’s leading system partners to the automotive industry for sealing and shielding technology, lightweight solutions and electromobility. Additionally, the company’s portfolio includes engineering services, tooling technology, and products made of high-performance plastics, which are also marketed to industries beyond the automotive sector. In fuel cell technology, ElringKlinger scores particularly for its own PEM fuel cell stacks, which are suitable for use in both light commercial vehicles and passenger cars as well as in bus and truck applications. Innovative fuel cell components, such as patented designs for metallic bipolar plates and plastic media modules, complete the product range. For further information about ElringKlinger: https://www.elringklinger.de/en
Fortescue Metals Group: Fortescue Metals Group is a global leader in the iron ore industry, recognised for its culture, innovation and industry-leading development of world class infrastructure and mining assets in the Pilbara, Western Australia. The Company’s climate change strategy focuses on implementing innovative and practical initiatives to reduce emissions and manage climate-related risks. In 2018, Fortescue announced a landmark partnership agreement with Australia’s national science agency, the Commonwealth Scientific and Industrial Research Organisation, to develop its metal membrane technology, providing the potential for the bulk transportation of hydrogen through ammonia. In addition to export opportunities and in line with the Company’s commitment to decarbonise its operations, Fortescue also sees hydrogen as a future source of energy for its mining operations. For further information about Fortescue: www.fmgl.com.au/
Galp: Galp is a Portuguese-based, publicly traded energy company with an international presence. We develop efficient and environmentally sustainable solutions in all stages of the value chain of the energy sector, both in our operations and in the full supply of services and products provided to our clients, being them either industry, companies from all sectors or simply consumers looking for more flexible and competitive solutions for their homes and mobility needs. We produce and extract oil and natural gas from reservoirs located kilometres below sea level. However, we assume the commitment of dedicating 40% of our investment to projects which contribute for the global reduction of CO2 emissions, including the production of renewable energy. We integrate all types of energy, from electricity to gas and liquid fuels. We also contribute to the economic development of the 11 countries in which we operate and to the social progress of the communities that host us. Galp has 6360 employees. For further information about Galp: https://www.galp.com/corp/en/
ILJIN Composites: ILJIN Composites is a leader in hydrogen storage solution. Since its inception in 1999, the company has designed, developed, verified and manufactured type 4 composite vessels and systems. In 2014-2017, ILJIN supported HMC’s world’s 1st serial FCEV production, and in 2019 the company produced for world’s largest annual FCEV mass production, more than 6,000 vehicles. With its experience and capabilities, ILJIN is positioned to best support customers and partners in safety, quality and performance. With regard to product portfolio, ILJIN is expanding beyond FCEV passenger car to emerging fuel cell applications, such as bus, truck, forklift, drone, train and ship. ILJIN Composites is a subsidiary of ILJIN Group, a Korean business group committed to global, long-term partnership in materials and components development and manufacturing in energy, IT, and other industrial goods. For further information about ILJIN Composites: www.iljin.co.kr/eng/main.asp
MANN+HUMMEL: MANN+HUMMEL is a leading global expert for filtration solutions. The company group with its headquarters in Ludwigsburg, Germany, develops solutions for motor cars, industrial applications, clean air in interior spaces and the sustainable use of water. In 2018 the group achieved sales of approx. 4 billion euros worldwide with more than 20,000 employees at more than 80 locations. The products manufactured by the group include air cleaner systems, intake manifold systems, liquid filter systems, plastic components, filter media, cabin filters, industrial filters and membrane filters. Protecting fuel cell stacks from contamination, MANN+HUMMEL´s filters and systems enhance system lifetime and durability in challenging automotive and non-automotive applications. For further information about MANN+HUMMEL: www.mann-hummel.com/en/
McDermott: McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the “One McDermott Way.” Operating in over 54 countries, McDermott’s locally focused and globally-integrated resources include approximately 32,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. For further information about McDermott: www.mcdermott.com/
Nikola Corporation: Nikola Corporation designs and manufactures hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen stations. The company is bringing the nation’s most advanced semi-trucks to market with more than 14,000 trucks on preorder. Nikola is led by its visionary CEO Trevor Milton, who has assembled one of the most talented teams in the country to bring the Nikola products to market. The company is privately-held and headquartered in Arizona. For further information about Nikola: https://nikolamotor.com/
Sinocat: Sinocat Environmental Technology Co., Ltd (SINOCAT) was founded in 2005, specializing in catalyst, mainly supplying road/non-road/marine gasoline engine/diesel engine/alternative fuel engine exhaust gas catalysts, catalytic converters and after-treatment integrated system. Sinoncat Hydrogen Energy is dedicated to research & development and manufacturing of electro-catalyst and the critical components for use in fuel cells. it is committed to providing sustainable optimum hydrogen energy solutions and making a contribution to the world clearer. For further information about Sinocat: www.sinocat.com.cn/
Snam: Snam is one of the world’s leading energy infrastructure companies. It has been building and managing a sustainable and technologically advanced network to guarantee energy security for around 80 years. Snam operates in Italy and, through international assets, in Albania, Austria, France, Greece and the UK. In 2018, it started activities in China. Snam is also a major shareholder in TAP (Trans Adriatic Pipeline). It has the largest gas transmission network (over 41,000 km including international businesses) and storage capacity (over 20 billion cubic meters including international businesses) in Europe. Snam is also active in regasification, managing a LNG terminal in Italy and being a shareholder in two other strategically positioned terminals in the Mediterranean, in Italy and Greece. Through the SnamTec (Tomorrow’s energy company) project, Snam invests in innovation and energy transition businesses related to sustainable mobility, energy efficiency and renewable gases. Snam is committed to promoting hydrogen’s potential as a clean energy carrier in the fight against climate change and has been the first company in Europe to trial injecting hydrogen into a gas transmission network. For further information about Snam: www.snam.it/en/
Woodside Energy: Woodside, headquartered in Perth, Western Australia, is the pioneer of the LNG industry in Australia and a leading Australian natural gas producer. Woodside’s experience in producing and exporting LNG, underpinned by strong customer relationships, positions the company well for complementary opportunities in large-scale hydrogen for export post 2030. Woodside is currently focused on establishing collaborative partnerships to share and improve knowledge and facilitate problem solving across the hydrogen value chain. For further information about Woodside Energy: www.woodside.com.au/
Investor Group members
Antin Infrastructure Partners: Antin Infrastructure Partners is a leading independent private equity firm focused on infrastructure investments. Based in Paris, London and New York with fourteen partners and 100 professionals, Antin manages three funds that invest in infrastructure and target controlling stakes for investments in the energy and environment, telecommunication, transportation and social infrastructure sectors. The firm manages €9.2 billion in assets on behalf of over 100 blue-chip institutional investors and has made investments in 24 companies to date. Antin invested through its portfolio company IDEX in HysetCo, a joint-venture with Air Liquide and Toyota which owns a fleet of hydrogen-powered taxis and the related charging infrastructure in Paris. For further information about Antin: www.antin-ip.com/
BNP Paribas: BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,000 employees, of which more than 154,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
BNP Paribas has made the energy transition one of its pillars of Company’s Engagement, for example through the financing of renewable energy. The Group believes that hydrogen has a strong role to play in the transition to a low carbon economy: whether in mobility, in industry or in energy storage, hydrogen can offer a flexible, scalable and economical substitute to current climate-damaging solutions. Large investments will be needed, and BNP Paribas, the largest bank of the euro zone, is glad to become a member of the Hydrogen Council, in order to foster financing on hydrogen projects, therefore accelerating the energy transition. For further information about BNP Paribas: https://group.bnpparibas/en/
Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB): Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2019). Nearly 8,000 employees in 34 countries across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank’s clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.
For many years Crédit Agricole CIB has been committed to sustainable development. The Bank was the first French bank to sign the Equator Principles in 2003. It has also been a pioneer in Green Bond markets with the arrangement of public transactions from 2012 for a wide array of issuers (supranational banks, corporates, local authorities, banks) and was one of the co-drafter of Green Bond Principles and of the Social Bond Guidance. Relying on the expertise of a dedicated sustainable banking team and on the strong support of all bankers, Crédit Agricole CIB is one of the most active banks in the Green bonds market. For further information about Crédit Agricole: www.ca-cib.com
John Laing: John Laing is an active developer and investor in responsible infrastructure and clean energy projects which respond to public needs, empower sustainable growth and improve the lives of the communities in which we work. Contributing to the deep decarbonization of major sectors of the global economy, including power, transport and industry, is a key strategic focus for John Laing. We believe that hydrogen-based solutions will play a major role in this transition. John Laing brings to the hydrogen community its extensive experience in projects and sectors central to the hydrogen transition such as renewable energy, heavy and light rail, and urban mobility. We offer a track record of designing innovative “as-a-service” solutions like the Intercity Express Programme (IEP), one of the most significant rail programmes in the UK. We bring deep expertise in all stages of infrastructure project development, from the design and development phase to financing, management and delivery of projects. As a balance sheet investor, we commit our own capital and we enjoy the strategic flexibility to engage in the long run with the hydrogen community. For further information about John Laing: www.laing.com/
Société Générale: Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy. Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 149,000 members of staff in 67 countries and supports on a daily basis 31 million individual clients, businesses and institutional investors around the world. The Group offers a wide range of advisory services and tailored financial solutions across its three complementary core businesses: French Retail Banking; International Retail Banking, Insurance and Financial Services to Corporates; and Global Banking and Investor Solutions.
Committed to supporting the energy transition in all practical ways, Societe Generale enthusiastically joins the Hydrogen Council. With its unrivalled track-record in advising, financing and accompanying the energy transition, the Bank aims at leveraging on its expertise to support the Council in creating the financing means that will bring hydrogen solutions to a larger scale.
Societe Generale is a Founding Signatory of the Principles for Responsible Banking and joined the Collective Commitment on Climate, which aims to achieve ambitious objectives and align loan portfolios to a low-carbon and climate resilient society. The Bank has been ranked 1st bank worldwide on the environmental dimension and 6th bank in Europe for all CSR criteria (RobecoSAM 2019). For further information about Societe Generale: https://www.societegenerale.com/en/home
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