What We Do
HTEC is a leading developer and provider of hydrogen supply solutions. What does that mean? It means we work closely with our customers to ensure they get hydrogen how, when, and where they want it.
Our focus is on North American markets where the demand for hydrogen transportation and fuel supply infrastructure is real and growing rapidly.
Fuel cell cars are here, and more are coming. Every major automaker has an FCEV available or in development. Today, more than 1,000 vehicles from Toyota, Hyundai, Honda and Mercedes Benz are on the roads in California; in 2022, the State and automakers estimate there will be more than 40,000 FCEVs. In BC, where HTEC is based, we are working with our partners to have 1,000 within the next five years.
FCEVs need fueling stations. California has more than 25 retail hydrogen stations operating today, with a goal of having 100 by 2023. The California Energy Commission is investing $200M to support the first 100 retail fueling stations in the state. In BC, there are plans for 10 within the next three or four years.
We’re seeing strong public incentive programs. As with hybrid vehicles like the Toyota Prius, governments are incentivizing the purchase or lease of zero-emission electric vehicles, including FCEVs. In BC, under the Clean Energy Vehicle (CEV) Program, the Province offers incentives of up to $6,000 for a hydrogen FCEV. California residents get up to $7,000 for the purchase or lease of a new, zero-emission vehicle under CA FCV Purchase Incentives.
There’s increased demand for convenient zero-emission mobility. In BC and California, transportation accounts for the largest source of emissions (at 37%) and efforts are underway to reduce the carbon content in fuels using tax levies and incentives.
At the same time, consumers often hear one clean-vehicle technology promoted over another, which can be confusing. The reality is there is no one-size-fits-all answer to help society in its transition to a low-carbon energy future. Fuel cell electric vehicles will be part of a portfolio of zero-emission mobility choices for consumers that include battery electric vehicles, other low carbon fuels and public transit. For consumers looking for long-distance range and rapid refueling at central service stations, hydrogen fuel cell electric vehicles are a great solution.
A new global Hydrogen Council plans to invest $10.7 billion in hydrogen and fuel cells. At Davos in January 2017, 13 global industry leaders formed a Hydrogen Council to promote hydrogen to help meet climate goals. Together, these companies are planning to make a combined $10.7 billion investment in hydrogen-related products over the next five years.