The North American subsidiary of Toyota Motor Corp. (NYSE: TM) is teaming up with alternative energy supplier Fuel Cell Energy Inc. (NASDAQ: FCEL) to build a fuel cell power generation unit and hydrogen fueling station at Toyota’s facilities at the Port of Long Beach, California. The new plant, which is forecast to come online in 2020, was unveiled Friday at the Los Angeles Auto Show.
According to Toyota, the fuel cell generation plant will generate about 2.35 megawatts of electricity and 1,250 tons of hydrogen a day, enough to power about 2,350 average-size homes and to fuel nearly 1,500 vehicles.
The plant, which Toyota calls Tri-Gen, was developed by Fuel Cell Energy and serves both as a proof-of-concept for 100% renewable, local hydrogen generation at scale and as a fueling station for new deliveries Toyota’s Mirai fuel-cell sedan and Class 8 (semi) fuel-cell trucks to the Port of Long Beach.
Toyota committed to hydrogen technology two decades ago, but like early versions of electric cars, there was virtually no infrastructure to support the vehicles. Other automakers building fuel cell cars include Honda Motor Co. Ltd. (NYSE: HMC), Hyundai and, as of 2019, Mercedes-Benz.
No one is selling very many. According to data through October from HybridCars.com, Toyota has sold 1,293 Mirai sedans in the United States this year, a 59% year-over-year increase. Hyundai has sold 27 Tucson crossovers and Honda has withdrawn its Clarity sedan. Toyota only sells the cars in California.
According to the U.S. Department of Energy’s Alternative Fuels Data Center, there are just 39 retail hydrogen fueling stations in the United States. Most are located in California, and the Energy Department expects more than 50 retail stations by the end of this year.
A Toyota executive said:
For more than twenty years, Toyota has been leading the development of fuel cell technology because we understand the tremendous potential to reduce emissions and improve society. Tri-Gen is a major step forward for sustainable mobility and a key accomplishment of our 2050 Environmental Challenge to achieve net zero CO2 emissions from our operations.
The Tri-Gen plant at the Port of Long Beach will use agricultural waste as fuel to generate electricity, hydrogen and water.
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