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Three new members joins Hydrogen council

Three new members joins Hydrogen council

by Omnia Al Desoukie
October 31, 2023
in Energy

The Hydrogen Council has announced three new members namely UAE based renewable energy company, Abu Dhabi Future Energy Company – Masdar, and Indian multinational conglomerate, Larsen and Toubro (L&T). Moreover, Belgium’s Agfa, joined as a supporting member to the electrolyser value chain.

The council was launched by 13 founding members in 2017 at the World Economic Forum in Davos, and within six years it has grown to 140+ multinational companies based in 20+ countries, representing the entire hydrogen value chain. 

“The ethos of these three new members aligns with the Hydrogen Council’s vision for hydrogen to foster the clean energy transition for a better, more sustainable, and more resilient energy future. Together our collective efforts will not only transform the energy landscape but also leave a lasting mark on the legacy of clean energy for generations to come,” said Yoshinori Kanehana, Chairman of Kawasaki Heavy Industries, Ltd, and Co-Chair of the Hydrogen Council.

The council’s growing base is within industrial leaders who are working towards clean hydrogen with over 35% investment growth just in the last year.

“As we extend a warm welcome to our new members, we anticipate the wealth of experience and dedication they bring to the Council. With their inclusion, we are better positioned to drive progress towards our common goal of advancing the global clean energy transition through the power of hydrogen,” said Sanjiv Lamba, CEO of Linde plc and Co-Chair of the Hydrogen Council.

The council’s membership represents US$8.2 trillion in market capitalisation, 6.8 million FTEs, and some US$5.2 trillion in revenues.

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