Toyota To Implement Hydrogen As A Power Source In Factories

by Jayson Derrick

February 10, 2016 9:07 AM | 1 min read | Make a Comment

According to a report by

Nikkei Asian Review, Toyota Motor Corp (ADR) TM is likely to begin testing hydrogen as a power source at its production facilities as early as this year. The report noted that solar and wind power generated in Fukuoka Prefecture will be used to split water molecules and produce hydrogen that can be stored and tapped to fill fuel cells as needed. Toyota has already pledged to virtually eliminate petrol and diesel engines from its fleet of cars by 2050. The company already has a prototype hydrogen vehicle, named Mirai - or "future" in Japanese. Nikkei added that heating and air condition equipment represent roughly 60 percent of CO2 emissions from its production processes. As such, hydrogen power sources will be used wherever possible and excess hydrogen can also be used in the Mirai fuel cell car. Toyota is aiming for a full-fledged adoption of hydrogen fuel sources at its Mirai plant by 2020.

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted In: News Nikkei Asian Review Toyota Hydrogen Power Toyota Mirai

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Benzinga.com on devices