Phillips 66 and H2 Energy Europe agreed to develop about 250 retail hydrogen refuelling stations across Germany, Austria and Denmark by 2026 through a 50-50 joint venture between their subsidiaries, Phillips 66 Limited and H2 Energy Europe AG.
Both parties will leverage their capabilities to develop a retail network, bringing together hydrogen supply, refuelling logistics and vehicle demand.
The joint venture’s future network of hydrogen refuelling stations in Germany, Austria and Denmark will comprise existing JET®-branded retail stations and new locations on major transport routes.
H2 Energy will be responsible for integrating hydrogen production, supply and the refuelling apparatus through its wholly owned and affiliated entities. Government support will be required for the implementation of the refuelling network.
H2 Energy recently unveiled activities to build a 1 GW electrolysis plant in Denmark capable of generating up to 90k tonnes/year of green hydrogen from electricity sourced from offshore wind.
H2 Energy is a joint venture between commodity trading firm Trafigura Pte Ltd and H2 Energy Holding AG (hydrogen provider in Europe with investments in the production, distribution and utilization of green hydrogen).
Phillips 66 has over 1,000 JET®-branded stations in Europe and a growing hydrogen refuelling network in Switzerland through its participation in the Coop Mineraloel AG joint venture.