Faurecia’s vision for hydrogen mobility
A commitment to hydrogen as the energy of the future
At Faurecia we are convinced that companies must have a positive impact on society. With environmental issues posing an ever-greater challenge to humanity, we are investing today to secure a sustainable world for future generations driven by zero-emissions mobility.
Expanding the use of hydrogen is a cornerstone of the energy transition. Green hydrogen could supply almost 20% of the world’s energy demand by 2050, and effectively eliminate 6 gigatons of CO2 emissions every year. Its natural abundance and versatility of production can help solve several critical challenges, from lowering emissions to alleviating dependence on global supply chains and bolstering energy security.
In mobility, hydrogen is perfectly suited to commercial, heavy-duty and off-road vehicles, as well as high-horsepower engines, giving it the potential to transform transportation and logistics. Beyond the benefits in terms of refueling time and autonomy, the total cost of ownership of fuel cell electric vehicles is set to overtake that of equivalent battery electric vehicles between 2023 and 2030. By 2030, it is estimated that five million vehicles equipped with fuel cell technology will be on the roads.
Faurecia, a global Tier 1 supplier mastering key hydrogen mobility solutions
With the ambition to be a world leader in hydrogen mobility, we have invested over €160 million in R&D, manufacturing, strategic partnerships and acquisitions over the past three years. As such, we are well-positioned on the two key elements of fuel cell systems which represent around 70% of the value chain. These are hydrogen storage systems, which we develop on our own, and fuel cell stacks produced by Symbio, a joint venture created with Michelin.
With cost-competitiveness and weight in mind, we are developing the next generations of hydrogen storage systems for commercial and light vehicles, heavy-duty trucks and industrial applications. Our production capacity stands today at 10,000 tanks per year. We aim to expand this exponentially between now and 2025 to 100,000 tanks per year across three sites: a high-capacity site in France, another site also in France dedicated to low- volume programs, and a plant in Asia in order to better serve this key market for hydrogen mobility.
A commitment to hydrogen as the energy of the future
At Faurecia we are convinced that companies must have a positive impact on society. With environmental issues posing an ever-greater challenge to humanity, we are investing today to secure a sustainable world for future generations driven by zero-emissions mobility.
Expanding the use of hydrogen is a cornerstone of the energy transition. Green hydrogen could supply almost 20% of the world’s energy demand by 2050, and effectively eliminate 6 gigatons of CO2 emissions every year. Its natural abundance and versatility of production can help solve several critical challenges, from lowering emissions to alleviating dependence on global supply chains and bolstering energy security.
In mobility, hydrogen is perfectly suited to commercial, heavy-duty and off-road vehicles, as well as high-horsepower engines, giving it the potential to transform transportation and logistics. Beyond the benefits in terms of refueling time and autonomy, the total cost of ownership of fuel cell electric vehicles is set to overtake that of equivalent battery electric vehicles between 2023 and 2030. By 2030, it is estimated that five million vehicles equipped with fuel cell technology will be on the roads.
Faurecia, a global Tier 1 supplier mastering key hydrogen mobility solutions
With the ambition to be a world leader in hydrogen mobility, we have invested over €160 million in R&D, manufacturing, strategic partnerships and acquisitions over the past three years. As such, we are well-positioned on the two key elements of fuel cell systems which represent around 70% of the value chain. These are hydrogen storage systems, which we develop on our own, and fuel cell stacks produced by Symbio, a joint venture created with Michelin.
With cost-competitiveness and weight in mind, we are developing the next generations of hydrogen storage systems for commercial and light vehicles, heavy-duty trucks and industrial applications. Our production capacity stands today at 10,000 tanks per year. We aim to expand this exponentially between now and 2025 to 100,000 tanks per year across three sites: a high-capacity site in France, another site also in France dedicated to low- volume programs, and a plant in Asia in order to better serve this key market for hydrogen mobility.
Sustainable Mobility
Group