Toyota Tsusho makes strategic investment in fuel cell company
Toyota Tsusho investment in Enoah is in line with its decarbonisation strategy and expansion to the hydrogen renewable energy business.
Toyota Tsusho Corporation today (13th April) has revealed its investment in Enoah Inc. in October last year, H2 Bulletin reports.
Established in October 2010 in Japan, Enoah designs and sells fuel cell test systems, stationary fuel cell power generation systems, water electrolysis systems to build a renewable energy supply. Toyota Tsusho Corporation is a member of the Toyota Group and has a global presence through its many subsidiaries and operating divisions.
Till present, Toyota Tsusho relies on imported fuel cells which are produced by foreign companies and supplied to the Japanese market. However, with diversified applications of fuel cells, it is now essential to customise product specifications according to customers’ needs.
Enoah is experienced in manufacturing and selling fuel cell test systems, and its rare system integrator capable of customising the design and assembly of hydrogen fuel cell systems for utilising renewable energy.
Through the investment, Toyota Tsusho plans to expand the use of hydrogen fuel cells into new areas, particularly fuel cells as both regular and emergency power supply facilities, as part of its smart community business targeting local municipalities.
Toyota Tsusho announced on 1st April 2021 the establishment of the Task Force for Promoting Carbon Neutrality, as a groupwide organisation aimed at accelerating action to achieve carbon neutrality. The Task Force will promote operations that contribute to carbon neutrality and to the creation of a circular economy through the industrial lifecycle, ranging from energy production to manufacturing, transport, and waste disposal/recycling.