Consolidating FORVIA’s position in the North American market
There is clear momentum behind hydrogen in the US, further supported by the announcement of the regional hydrogen hubs that represent $7 billion of investment from the Biden Administration to accelerate the domestic market for low-cost, clean hydrogen.
The North American market for hydrogen storage presents a wide range of opportunities and demands. FORVIA is well-positioned to meet them, with its strong portfolio of storage systems that cover segments from heavy-duty vehicles to medium and light duty trucks, as well as applications beyond mobility for the distribution and transport of hydrogen. With this new contract, FORVIA is poised to make a significant impact in this dynamic and buoyant market.
FORVIA’s commitment to providing reliable, sustainable, and innovative hydrogen storage solutions remains stronger than ever. FORVIA looks forward to contributing to the growth and sustainability of the North American hydrogen storage industry. With serial production underway in South Korea, China, and France, FORVIA will also expand its manufacturing footprint to North America.
Strategic partners in the region
Earlier this year Stellantis joined FORVIA and Michelin as an equity partner in Symbio, a world leader in the development and production of fuel cells. With Symbio and FORVIA’s hydrogen storage systems we cover 75% of the hydrogen drive train value and plan to reach a combined turnover of € 3.5 bn by 2030.
Symbio North America has swiftly established itself in the North American market since Q2 of 2021. Symbio has had notable successes in sustainable transportation including, the Symbio H2 Central Valley Express project, a heavy-duty fuel cell truck demonstration, highlighting the reliability of Symbio’s fuel cell technology for regional transport. In addition, in May 2023, Symbio inaugurated a new facility in Temecula for hydrogen fuel cell vehicle power systems and assembly, aiming to produce next-gen systems. Both projects are supported by the California Energy Commission, aligning with Symbio’s commitment to California’s carbon neutrality goal by 2045.
The company’s rapid growth also includes plans to build a fuel cell Gigafactory in the USA, emphasizing its pivotal role in advancing clean and sustainable transportation solutions in North America.