JET H2 Energy, a joint venture between subsidiaries, Phillips 66 and H2 Energy Europe, has set out to combine Phillips 66’s retail experience with the hydrogen knowledge of H2 Energy to establish 250 hydrogen refuelling stations in Europe by 2026.
The JET H2 Energy hydrogen network is set to serve heavy and light-duty and passenger vehicles, comprised of existing JET® branded stations as well as new locations on major transport routes.
News of the intent to form JET H2 Energy was announced in February this year (2022), with hopes of meeting the rising demand for hydrogen mobility in Europe.
Read more: Phillips 66, H2 Energy eyes developing 250 hydrogen refuelling stations across Europe by 2026
H2 View understands the company plans to supply the sites with green hydrogen and will require governmental funding in the development of the network where necessary.
Olaf Borbor, CEO of JET H2 Energy, commented, “We will make hydrogen a leading energy solution for emission-free mobility. We will align stakeholders’ interests along the hydrogen value chain and create a sustainable hydrogen ecosystem.”
Borbor added, “Phillips 66 has a successful retail presence in Europe with its JET brand, H2 Energy has a proven track record in creating a successful green hydrogen ecosystem in Switzerland. The parties’ competencies complement each other ideally for the next stage in building up the hydrogen economy.”
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