They will set up hydrogen stations nationwide under the guidance of the Japanese central government's Ministerial Council on Renewable Energy, Hydrogen and Related Issues.
The new company, to be headed by Hideki Sugawara, would start operations next month and would be based here.
The formation of Japan H2 Mobility marked the world's first alliance in which infrastructure developers, car makers and investors are working together to promote hydrogen-based mobility services.
Although it did not say how many hydrogen stations would be set up ultimately, Japan H2 Mobility aims to complete its mission within 10 years. It said it would build 80 stations nationwide by 2021, and to further extend the network afterwards. The Japanese government targets the completion of about 160 hydrogen stations serving around 40,000 fuel-cell vehicles by 2020.
The other partners in Japan H2 Mobility are JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan Co., Ltd, Iwatani Corporation, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., Air Liquide Japan Ltd., Toyota Tsusho Corporation and Development Bank of Japan Inc.
