Hydrogen as a key technology in Asia
Chinese policy has changed dramatically in the last 18 months. Subsidies for battery-electric cars are being phased out and those for hydrogen vehicles have grown considerably. Not only for the vehicles themselves but also for the infrastructure required for the production and distribution of hydrogen. This has a strong industrial policy background: the Chinees government sees hydrogen as a key technology in which it wants to have a prominent place and to be as technologically independent as possible from the rest of the world.
Japan is doing its utmost to develop into the world market leader in hydrogen. Toyota is currently in the process of building a factory where an estimate of tens of thousands of hydrogen cars will be produced every year. Panasonic is active in the field of stationary energy supply with special fuel cells developed for the built environment. And then the Olympic Games 2020 are still on the program. These games are informally named the "hydrogen games".
Veco in China
Throughout the week in China Veco was seen as a key innovator in the hydrogen market. Many Chinese and European companies and engineers were extremely interested in our technology and knowledge. There where great conversations and follow-up meetings were planned.
All in all it was perceived as an very interesting and worth-while trip which strengthened our understanding, our network and our opportunities in the market. Watch this space for future developments.