Phillips 66 and H2 Energy Europe have closed on a 50-50 joint venture, JET H2 Energy Austria GmbH, to set up and operate a network of hydrogen refueling retail sites in Germany, Austria and Denmark.
The new company plans to develop approximately 250 hydrogen refueling stations by 2026.
“We will make hydrogen a leading energy solution for emission-free mobility,” said Olaf Borbor, CEO of JET H2 Energy. “We will align stakeholders’ interests along the hydrogen value chain and create a sustainable hydrogen ecosystem.”
JET H2 Energy’s network of hydrogen refueling stations for heavy- and light-duty and passenger vehicles will comprise 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 intends to supply its sites with green hydrogen and build relationshi