SAN FRANCISCO, Sept. 13, 2017 /PRNewswire/ -- On
August 9, the California Energy
Commission (Energy Commission) awarded a grant of $16,362,500 to Equilon Enterprises LLC a
subsidiary of Shell Oil Company (collectively, "Shell") for the
introduction of seven hydrogen refueling stations in Northern California.
The hydrogen refueling stations will be built in collaboration
with Honda and Toyota, who will provide financial support, at seven
Shell-branded retail stations across Northern California; three in the city of
San Francisco, and one in each of
Berkeley, Sacramento, Citrus
Heights and Walnut
Creek.
The Energy Commission awarded the grant through its Alternative
and Renewable Fuel and Vehicle Technology Program (ARFVTP), which
invests up to $100 million every year
to support innovations in transportation and fuel technologies that
help California meet its energy,
clean air, and climate change goals.
The hydrogen refueling stations will be installed in strategic
locations within the existing network of Shell-branded retail
stations, offering existing and future fuel cell electric vehicle
drivers high-quality service with simple and straightforward car
refueling in minutes.
"We are grateful to the California Energy Commission for
grant funding that will enable customers to choose hydrogen
fuel alongside gasoline and diesel. We will apply our
worldwide experience of more than 100 years in marketing
transportation fuels to the success of these hydrogen refueling
stations. We are also grateful for the contributions of
Honda, Toyota, and Anglo American Platinum to these seven
stations," stated Oliver
Bishop, Hydrogen General Manager for Shell Exploration and
Production Company. "A range of different fuels and vehicle
technologies will be needed to meet transport needs in a low carbon
energy future. Hydrogen fuel cell vehicles are one of these
solutions."
"Toyota and Shell have a long-standing relationship in
support of hydrogen infrastructure development, dating back to the
2009 opening of Shell's only dedicated hydrogen refueling station
at our facility in Torrance,
California," said Craig
Scott, Advanced Technology Vehicle Senior Manager, Toyota
Motor North America."Toyota is excited to work with such a
forward-thinking energy company as we transition to a cleaner,
hydrogen future."
"Honda believes fuel cell technology has great
potential to address society's energy and environmental
concerns," said Steve Center, Vice President, Connected and
Environmental Business Development for American Honda Motor Co.,
Inc. "With companies like Shell supporting hydrogen refueling
infrastructure, the motoring public and the investment communities
will take note that hydrogen is going to be a major part of the
future of clean, low carbon mobility."
"The California Energy Commission is pleased to support the
adoption of zero-emission fuel cell electric cars through the
expansion of California's network
of hydrogen refueling stations," said Energy Commissioner
Janea A. Scott. "The Commission
looks forward to continuing its work with private and public
partners to help transform California's transportation system to help the
state achieve its greenhouse gas emissions reduction goals, improve
air quality, and reduce reliance on fossil fuels."
Further information
Shell: Once operational, the seven hydrogen refueling stations
covered by the grant award will bring the number of hydrogen
refueling stations Shell is operating in California to nine. Shell and its affiliates
within the Shell Group of Companies are taking part in various
initiatives to encourage the adoption of hydrogen as a transport
fuel. In Germany, the Shell group
is working with the government and industry partners in a
cross-sector joint venture, H2 Mobility Germany, to support the
development of a nationwide expansion of hydrogen refueling
stations. Shell currently operates two hydrogen refueling stations
in California, located in
Newport Beach and Torrance.
Honda Commitment to the Environment
Based on its vision of "Blue Skies for our Children," Honda is
working to advance technologies that address society's
environmental and energy concerns. Honda is targeting a 50 percent
reduction in its total company CO2 emissions on a global
basis by 2050, compared to 2000 levels. The company also is
striving to realize significant growth in sales of electrified
vehicles, which includes the introduction of the Honda Clarity
series of vehicles, beginning with the hydrogen-powered Clarity
Fuel Cell vehicle, launched in 2016, followed by a new Clarity
Electric and Clarity Plug-In Hybrid in 2017.
Honda also is endeavoring to reduce the environmental impact of
its products throughout their life cycles, including the reduction
of energy use and emissions from its production, distribution and
sales. This includes the Honda Environmental Leadership Award
Program, through which more than 150 U.S. Honda and Acura dealers
have reduced CO2 emissions by more than 34,000 metric
tons.
Toyota: Toyota (NYSE:TM), creator of the Prius hybrid and the
Mirai fuel cell vehicle, is committed to building vehicles for the
way people live through the Toyota and Lexus brands. Over the past
60 years, Toyota has built more than 30 million cars and trucks in
North America, where it operates
14 manufacturing plants and directly employ more than 44,000
people. Toyota's 1,800 North American dealerships sold nearly
2.6 million cars and trucks in 2016 – and about 85 percent of all
Toyota vehicles sold over the past 15 years are still on the road
today.
As one of the world's largest automakers, Toyota is in a unique
position to shape the future of mobility. That's why in 2015,
Toyota announced the global Environmental Challenge 2050, an
ambitious set of six challenges to ultimately create a net positive
impact on the planet. The six challenges address four complex
environmental issues facing communities around the world: carbon,
water availability/quality, material usage/recyclability, and
biodiversity.
CAUTIONARY NOTE
The companies in which Royal Dutch
Shell plc directly and indirectly owns investments are
separate legal entities. In this announcement "Shell", "Shell
group" and "Royal Dutch Shell" are
sometimes used for convenience where references are made to
Royal Dutch Shell plc and its
subsidiaries in general. Likewise, the words "we", "us" and "our"
are also used to refer to subsidiaries in general or to those who
work for them. These expressions are also used where no useful
purpose is served by identifying the particular company or
companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell
companies" as used in this announcement refer to companies over
which Royal Dutch Shell plc either
directly or indirectly has control. Entities and unincorporated
arrangements over which Shell has joint control are generally
referred to as "joint ventures" and "joint operations"
respectively. Entities over which Shell has significant influence
but neither control nor joint control are referred to as
"associates". The term "Shell interest" is used for convenience to
indicate the direct and/or indirect ownership interest held by
Shell in a venture, partnership or company, after exclusion of all
third-party interest.
This announcement contains forward-looking statements concerning
the financial condition, results of operations and businesses of
Royal Dutch Shell. All statements
other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are
statements of future expectations that are based on management's
current expectations and assumptions and involve known and unknown
risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
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among other things, statements concerning the potential exposure of
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and statements expressing management's expectations, beliefs,
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''estimate'', ''expect'', ''goals'', ''intend'', ''may'',
''objectives'', ''outlook'', ''plan'', ''probably'', ''project'',
''risks'', "schedule", ''seek'', ''should'', ''target'', ''will''
and similar terms and phrases. There are a number of factors that
could affect the future operations of Royal
Dutch Shell and could cause those results to differ
materially from those expressed in the forward-looking statements
included in this announcement, including (without limitation): (a)
price fluctuations in crude oil and natural gas; (b) changes in
demand for Shell's products; (c) currency fluctuations; (d)
drilling and production results; (e) reserves estimates; (f) loss
of market share and industry competition; (g) environmental and
physical risks; (h) risks associated with the identification of
suitable potential acquisition properties and targets, and
successful negotiation and completion of such transactions; (i) the
risk of doing business in developing countries and countries
subject to international sanctions; (j) legislative, fiscal and
regulatory developments including regulatory measures addressing
climate change; (k) economic and financial market conditions in
various countries and regions; (l) political risks, including the
risks of expropriation and renegotiation of the terms of contracts
with governmental entities, delays or advancements in the approval
of projects and delays in the reimbursement for shared costs; and
(m) changes in trading conditions. No assurance is provided that
future dividend payments will match or exceed previous dividend
payments. All forward-looking statements contained in this
announcement are expressly qualified in their entirety by the
cautionary statements contained or referred to in this
announcement. Readers should not place undue reliance on
forward-looking statements. Additional risk factors that may affect
future results are contained in Royal Dutch Shell's 20-F for the
year ended December 31, 2016 (available at www.shell.com/investor
and www.sec.gov). These risk factors also expressly qualify all
forward looking statements contained in this announcement and
should be considered by the reader. Each forward-looking statement
speaks only as of the date of this announcement. Neither Royal
Dutch Shell plc nor any of its subsidiaries undertake any
obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or other
information. In light of these risks, results could differ
materially from those stated, implied or inferred from the
forward-looking statements contained in this announcement.
We may have used certain terms, such as resources, in this
announcement that United States Securities and Exchange Commission
(SEC) strictly prohibits us from including in our filings with the
SEC. U.S. Investors are urged to consider closely the disclosure in
our Form 20-F, File No 1-32575, available on the SEC website
www.sec.gov.
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