Technological innovation reduces hydrogen price radically to make it as low as gasoline price. JX Holdings developed a technology to transport hydrogen in safe and in volume. The company will start to establish hydrogen distribution networks using the new technology toward 2020. It is expected that the distribution cost of hydrogen will be reduced by 30% to make it as cheap as gasoline.
The cost to produce and distribute hydrogen is currently 145 yen per cubic mete, and it will supposedly go down below 100 yen when a low cost distribution system based on the new technology is established. Increasing the number of hydrogen stations and to increase hydrogen production is expected to reduce the cost to 60 yen in the future. JX Holdings has now 11,100 affiliated gas stations, about one third of the total gas stations in Japan. The company plans to increase the number of hydrogen station to 40 by 2015 and spread the hydrogen distribution network extensively after 2020. Chiyoda is also developing a technology to liquefy hydrogen by toluene. The competition of technological innovation to spread fuel-cell vehicles is heating up.
A hydrogn station exhibited in Tokyo Motor Show 2013
The future to be realized by hydrogen stations