In April, Korea announced it will build out a hydrogen fueling station network via a Special Purpose Company (SPC) led by Hyundai and the national Korea Gas Corporation. According to Yonhap Newswire the nascent network will begin with eight refueling stations along the nation’s busiest highways. An additional ten stations will be located in large metros areas such as Seoul. This SPC structure will help Korea achieve its target of providing hydrogen fuel to 15,000 FCEVs by 2022.
In May, the Swiss declared their intentions to establish a network of hydrogen fueling stations for passenger vehicles and large trucks (lorries). Gasworld reports the effort will be led by seven of the countries largest retailers who currently operate over 1,500 fueling stations and their own fleet of private 1,700 trucks.
The association’s press release addresses the path to profitability, “Compared to passenger cars, heavy duty trucks need 30 to 50 times more H2 per year and vehicle. It only takes 10 fuel cell-powered commercial vehicles to allow a H2 refuelling station to economically break even. Therefore, the association members are able to solve the chicken/egg dilemma on their own. In addition, they have established a policy to use green H2 only – H2 exclusively produced via electrolysis with renewable energy (e.g. at a Swiss hydro power plant).”
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