More than hot air: hydrogen on the agenda at Davos

Share Takeshi Uchiyamada, Chairman of Toyota added: “The Hydrogen Council will exhibit responsible leadership in showcasing hydrogen technology and its benefits to the world. It will seek collaboration, cooperation and understanding from governments, industry and most importantly, the public”.The “council” itself comprises the 13 CEOs or chairs of the businesses that form part of the new initiative, which is the first of its kind supporting the development of hydrogen power.Energy and climate change has been a major theme of sessions at the World Economic Forum for years. In the forum’s Opening Plenary, Chinese president Xi Jinping used his first address at Davos to mount a strong defence of both globalisation and the landmark Paris climate deal that China signed up to last year. More than hot air: hydrogen on the agenda at Davos A new initiative to place hydrogen at the top of the global energy agenda was launched yesterday by thirteen international businesses, including Toyota, BMW, Shell, Anglo American and Hyundai.Together the companies represent 1.72m employees globally and around €1.07 trillion in revenue. Plug-in battery powered hybrid and electric cars might be getting all the attention at the moment, but the new council is determined to see hydrogen fuel cells established as a mainstream CO2-free source of electricity.The “Hydrogen Council” had its first formal meeting during day one of the annual World Economic Forum in Davos. Businesses that signed up to the council pledged to commit further funds towards the development and commercialisation of hydrogen technologies.The new group told press and investors that hydrogen is a “versatile energy carrier” and the effectiveness of both hydrogen fuel cells and the infrastructure needed to support their use had improved significantly in recent years. Investment in hydrogen as an energy source currently runs at around €1.4 Bn/year, much of it put up by the companies that have formed the new council.Plug-in battery powered hybrid and electric cars might be getting all the attention at the moment, but the Hydrogen Council is determined to see hydrogen fuel cells become a key component of the future energy mix.“Hydrogen-powered fuel cell electric vehicles offer the most natural solution for zero emission vehicles – emitting only water and requiring little change to the way we are all used to driving and refuelling our cars.” Mark Cutifani, CEO, Anglo American. Tuesday 17 January 2017 10:00 pm whatsapp Ashley Coates More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com whatsapp

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