Hexagon has been granted USD 2.6 million in initial funding by the U.S Department of Energy to research how carbon fiber and composite structure can be optimized to reduce hydrogen and natural gas storage tank costs.
GM is committed to fuel cells as a complement to battery-electric propulsion. We are fully engaged with our partner, Honda, to commercialize the world’s best fuel cell technology for use by both companies across a range of applications. These fuel cells will be manufactured in Brownstown, Michigan as previously announced. Our commercialization commitment and timing for fuel cells remains unchanged…
“Costs for producing green hydrogen have fallen 50% since 2015 and could be reduced by an additional 30% by 2025 due to the benefits of increased scale and more standardized manufacturing, among other factors,” said Simon Blakey, IHS Markit Senior Advisor, Global Gas.