UK chemicals multinational to build hydrogen 'gigafactory'
UK chemicals multinational Johnson Matthey is set to build a £80 million "gigafactory" in southern England to produce hydrogen fuel cells and electrolysers.
According to industry forecasts from the Advanced Propulsion Centre , the UK will need 14GW of fuel cell stack production and 400,000 high-pressure carbon fiber tanks annually to meet vehicle production demands by 2035. The market expects that there could be as many as three million fuel cell electric vehicles globally by 2030.
CEO Liam Condon said:"The fuel cell market has now reached a pivotal moment with the increasing urgency to decarbonize transportation and today marks the next step of the journey to a low-carbon future in the UK. We're delighted to be playing a key role in driving it forward."
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