Date: July 10
Repsol and Toyota Spain have signed a historic agreement to promote the expansion of hydrogen-based mobility, marking a milestone in the fight against climate change. This agreement represents a significant step towards the decarbonisation of transport, in line with the maturity of hydrogen-based technologies.
Customers of Toyota fuel cell vehicle fleets will have a hydrogen refueling solution provided by Repsol. This solution will be developed over the next few years, adapting to the needs of each client. The shared vision of Repsol and Toyota is that the deployment of hydrogen-based mobility will initially be promoted through professional fleets, and will develop as the market matures.
To promote this deployment, future customers who are interested in decarbonizing their vehicle fleets using Toyota fuel cell models will be able to refuel renewable hydrogen at the network of supply points that Repsol plans to install in the main mobility corridors and logistics of the Iberian Peninsula.
Repsol has set itself the ambitious goal of becoming a net zero emissions company by 2050. To this end, it is immersed in a transformation process that, based on technological neutrality, leverages the growth of the renewable energy business, the economy circular, energy efficiency, renewable hydrogen and CO2 capture, use and storage (CCUS) technologies, as the main axes.
Repsol has a solid renewable hydrogen strategy with the aim of leading the industry in the Iberian Peninsula and playing a leading role in Europe. To this end, it plans to reach 552 MW of installed capacity in 2025 and 1.9 GW in 2030, with estimated investments of 2,549 million euros.
For its part, Toyota has been working since its inception to address environmental challenges, placing hydrogen technologies at the forefront and trying to make it the main source of energy for tomorrow’s society. Toyota’s electrification roadmap, with its sights set on a society without CO2 emissions, marks how the company wants to achieve a society in which electrified technologies are the basis of mobility.
In conclusion, this agreement between Repsol and Toyota represents an important step towards the decarbonisation of transport and the promotion of more sustainable mobility based on renewable hydrogen. Both companies are committed to the fight against climate change and work to develop solutions that contribute to a more sustainable and environmentally friendly society.
Source: Energía Estratégica