Setting their sights on 250 stations by 2026, Phillips 66 and H2 Energy Europe have set up a 50-50 joint venture to establish and operate a network of hydrogen refueling retail sites in Germany, Austria and Denmark. Called JET H2 Energy Austria GmbH (JET H2 Energy), the partnership will combine the retail expertise of Phillips 66 and the hydrogen expertise of H2 Energy.
“We will make hydrogen a leading energy solution for emission-free mobility,” said Olaf Borbor, chief executive officer of JET H2 Energy. “We will align stakeholders’ interests along the hydrogen value chain and create a sustainable hydrogen ecosystem.”
Serving heavy and light-duty commercial vehicles and passenger vehicles, it will be made up of existing JET branded retail stations as well as new locations on major transport routes and at customer sites. JET H2 Energy will require governmental funding, where applicable, for the development of the refueling network, the company noted.
The company intends to supply its sites with green hydrogen and build relationships with customers and original equipment manufacturers benefitting, for example, from close ties with Hyundai Hydrogen Mobility, the exclusive European reseller of the Hyundai Xcient hydrogen fuel cell truck.
“Phillips 66 has a successful retail presence in Europe with its JET brand,” Borbor said. “H2 Energy has a proven track record in creating a successful green hydrogen ecosystem in Switzerland. The parties’ competencies complement each other ideally for the next stage in building up the hydrogen economy.”
The JET H2 Energy management team is represented by Borbor’s Chief Financial Officer Markus Wolf and Commercial Manager Jonas Erdmann.
Phillips 66 has more than 1,000 JET branded stations in Europe and a growing hydrogen refueling network in Switzerland through its participation in the Coop Mineraloel AG joint venture. Headquartered in Switzerland, H2 Energy Europe is a joint venture between commodity trading firm Trafigura Pte Ltd. and H2 Energy Holding AG. Through its affiliated companies, H2 Energy was the first to develop and deliver hydrogen fuel cell trucks to commercial users and create a green hydrogen fueling ecosystem in Switzerland. Currently, it is developing a 1-gigawatt electrolysis plant in Denmark capable of generating roughly 100,000 metric tons a year of green hydrogen from electricity sourced from offshore wind to supply the transportation and energy sector in northern Europe. For more info, see www.phillips66.com and www.h2energy.ch.
