Total invests in the development of the first hydrogen taxi operator in Paris

According to a report by Global Energy News on May 29, Total announced the acquisition of shares in Hysetco, a French company dedicated to the development of urban hydrogen power.

The Hype project aims to demonstrate the feasibility of zero-emission hydrogen-fueled vehicles in urban transportation for the first time on a large scale.

By acquiring a 20% stake, Total has joined Hysetco's historical shareholders: STEP (Société du Taxi Electrique Parisien), Air Liquide, Toyota and Kouros.

Currently, Hysetco has about 700 taxis in Paris, most of which will still be diesel vehicles, and will gradually transition to pure hydrogen vehicles by 2024.

Patrick Pouyanné, Chairman and CEO of Total, stated that the acquisition is a concrete commitment and acceleration of Total in terms of hydrogen liquidity.

Hao Fen translated from Global Energy News Network

The original text is as follows:

TOTAL INVESTS IN THE DEVELOPMENT OF FIRST HYDOGEN TAXI OPERATOR IN PARIS

Total announces the acquisition of a stake in Hysetco, a French company dedicated to the development of hydrogen mobility in cities.

The Hype project aims to demonstrate for the first time on a large scale the viability of zero-emission hydrogen vehicles for urban mobility.

    With the acquisition of a 20% stake, Total joins Hysetco's historical shareholders: STEP (Société du Taxi Electrique Parisien), Air Liquide, Toyota and Kouros.

    Hysetco currently owns around 700 taxis in Paris, with still a majority of diesel vehicles that will transition gradually to become exclusively comprised of hydrogen vehicles by 2024.

    “This acquisition is a concrete commitment and an acceleration for Total in hydrogen mobility.