New hydrogen collaboration


United States Chevron U.S.A. and Toyota Motor North America explore a strategic alliance to catalyze and lead the development of commercially viable, large-scale businesses in hydrogen.

Chevron and Toyota are seeking to work on three main strategic priorities: collaborating on hydrogen-related public policy measures that support the development of hydrogen infrastructure; understanding current and future market demand for light-duty and heavy-duty fuel cell electric vehicles and supply opportunities for that demand; and exploring opportunities to jointly pursue research and development in hydrogen powered transportation and storage.

“This is another important step toward building a hydrogen economy,” said Bob Carter, executive vice president, Toyota Motor North America.