| Summary |
| The economy is progressing at a pace almost beyond belief. The fourth industrial revolution is in process of transforming our daily activities, the manufacturing sector, and the entire service industry. In fact, we have two distinctive ecospheres: the digital world and our physical one. The blur is important with the result: one global economy built on the back of bytes and another composed of bricks and mortar. |
Longer-term Investment Trend – Smart Mobility
Regulatory changes and technological advances will lead to greater electrification of cars, new car-sharing mobility concepts (both short-term), autonomous driving (medium-term), and hydrogen engines (long-term). This will reshape the way we experience and consume individual mobility. We see an annual addressable market of in excess of USD 500 billion by 2030, or about 10 times today’s size.
| LafargeHolcim | LafargeHolcim is investing in renewable energy at its plant sites, helping to reduce emissions and energy costs for the group. |
| VW Group | Volkswagen and Northvolt entered into a JV to establish a production facility in Germany to produce lithium-ion batteries. |
| Air Liquide | Air Liquide is experienced in providing hydrogen-based solutions for industries. It has installed Hydrogen refueling stations and has invested nearly EUR 12m in start-ups providing hydrogen-based solutions |
| Michelin | In November of 2019, Michelin and Faurecia announced a JV to develop and produce the next generation of fuel cells. They will initially invest Eur 140m in the joint venture and will eventually have three industrial sites supplying the global auto industry. |
| Plastic Omnium | Plastic Omnium has been providing hydrogen and fuel cell-based solutions to the auto industry. It has a R&D facility for hydrogen-related solutions for mobility and has committed EUR 30m in an investment fund specializing in hydrogen and fuel cell investments. |
| Alstom | Alstom has successfully operated the world’s first two hydrogen trains in Germany. Recently it has entered into a JV with Snam to develop railway mobility projects including both hydrogen-powered trains and related technological infrastructure. |
| National Grid | As a part of its sustainable and clean energy drive, National Grid has proposed a network of ultra-fast chargers at UK motorway service stations. This would reduce the charging time of EVs to 5-10 minutes. |
| Technip FTI | Technip manufactures, installs, and provides hydrogen generation units for industrial use. |
| Linde | Linde provides solutions for hydrogen infrastructure projects. The group also provides various energy storage solutions, such as batteries. |
| Honda | Honda produces EVs, invests in R&D, and produces fuel cells for EVs. In January 2020, the group agreed with Isuzu to research powering heavy-duty trucks with fuel cells. |
| Airbus | Air Products supplies hydrogen to refineries and offers complete fueling infrastructure for automobiles. The group continues to invest in R&D for environmentally friendly and sustainable product development, such as hydrogen solutions. |
| ABB Ltd. | ABB continues to conduct research on fuel cells for marine usage, for propelling ships and also for space. |
| BMW | BMW expects various alternative powertrain systems to co-exist in the future. Fuel cell technology might be used in a first step primarily in long-distance heavy-duty transport. It could become BMW’s fourth pillar of powertrain portfolio in the long-term (next to PHEVs, BEVs, and ICEs). |
| Siemens AG | Siemens AG has entered into several JVs to research and develop sustainable technology – fuel cells for various uses like marine and shipping, trains, and other uses. |
| Toyota Motor Corp | Toyota has been manufacturing electric vehicles. The group claims that its Mirai Fuel cell electric vehicle runs on hydrogen and emits no pollutants. |