TORRANCE, Calif. (May 1, 2014) – “The issue of hydrogen refueling infrastructure is not so much about how many stations; but rather, location, location, location,” stated Bob Carter, senior vice president, Automotive Operations, Toyota Motor Sales, U.S.A., Inc. (TMS), just four months ago at the Consumer Electronics Show in Las Vegas where he unveiled a hydrogen fuel cell sedan due to launch in 2015.
“Solutions are being found through collaboration between government, academia, carmakers and energy providers. Stay tuned, because this infrastructure thing is going to happen.”
Today, TMS and its affiliate Toyota Motor Credit Corporation (TMCC) announced that they have entered into a group of financial agreements with FirstElement Fuel Inc. (FE) to support the long-term operation and maintenance expenses of new hydrogen refueling stations in California. The actual amount of financial assistance will be based on an analysis of the grant award to FirstElement by the California Energy Commission’s (CEC) Notice of Proposed Awards (NOPA) announced on Thursday, May 1, and final approval of the NOPA, anticipated in June.... more