Johnson Matthey (JM) is building a £80 million gigafactory at its existing site in Royston, United Kingdom, to scale up the manufacture of hydrogen fuel cell components. The gigafactory will initially be capable of manufacturing 3 GW of proton exchange membrane fuel cell components annually for hydrogen vehicles and is supported by the UK Government through the Automotive Transformation Fund. Analysts forecast that the UK will need 14 GW of fuel cell stack production and 400,000 high-pressure carbon fiber tanks annually to meet local vehicle production demands by 2035, whilst the market expects that there could be as many as three million fuel cell electric vehicles (FCEVs) on the road globally by 2030.
“Decarbonizing freight transportation is critical to help societies and industries meet their ambitious net-zero emissions targets — fuel cells will be a crucial part of the energy transition,” said Liam Condon, CEO of Johnson Matthey. “For more than two decades, JM has been at the forefront of fuel cell innovation. The fuel cell market has now reached a pivotal moment with the increasing urgency to decarbonize transportation and today marks the next step of the journey to a low-carbon future in the United Kingdom. We’re delighted to be playing a role in driving it forward.”
