Business Model: install and operate hydrogen generating equipment at existing gas stations, giving the station owner a percentage royalty on hydrogen sales.
With the signing into law of $2B Assembly Bill 8, the State of California has guaranteed to provide sufficient hydrogen infrastructure to accommodate the 2015 roll-out of Hydrogen Fuel Cell Vehicles. AB 8 expands on the Zero Emission Vehicle Action Plan which the Governor’s Office released in February, 2013. Only two vehicles are ZEV, Battery Electric and Hydrogen Fuel Cell. From 2018, 4.5% of new vehicles sold in California must be ZEV with quotas rising each year. Toyota, Honda and Hyundai will have FCEVs for sale in CA by 2015.
The HyGen Industries team, developers of the world’s first commercially permitted, renewable hydrogen fueling station proposes to build up to 15 renewable hydrogen fueling stations, expanding to 100 in 4 years, as part of the State of California’s Advanced Clean Car program.