As described in the Basic Agreement signed in 2021, ENEOS and Toyota have decided to commence construction and operation of a hydrogen refueling station in close proximity to Woven City to produce and supply CO2-free hydrogen to Woven City and Fuel Cell Electric Vehicles (FCEVs) (Item 1 and 2 set forth below). Together, they will also research and design an efficient hydrogen supply and demand management system (Item 3 described below). The ENEOS hydrogen refueling station is scheduled to begin operations before the opening of Woven City in 2024-2025.

Items to be considered at the time of the Basic Agreement

1. ENEOS to establish and operate a hydrogen refueling station in close proximity to Woven City
2. ENEOS to produce “green hydrogen,” hydrogen derived from renewable energy, by electrolyzers at the aforementioned station and supply it to Woven City to be used at a stationary fuel cell generator that will be installed within Woven City by Toyota
3. Promote the use of hydrogen-powered fuel cell mobility for logistics in and nearby Woven City. Validate a base unit*2 of hydrogen demand for those mobility logistics as well as build a supply and demand management system
4. Conduct joint advanced research on hydrogen supply at the demonstration hub to be established within Woven City

Items that have been decided in the joint development agreement this time

(To view the table, please visit https://www.businesswire.com/news/home/20220322006181/en/)

The ENEOS hydrogen refueling station will “produce” the hydrogen that will meet the energy needs of “users,” FCEVs in and around Woven City and Woven City as well. This collaboration expedites our progress toward realizing a truly carbon-neutral society and will facilitate and normalize clean energy operations first at Woven City and eventually the world.

Woven City is the project of Toyota aiming to create happiness through mobility of “people,” “goods,” and “information.” It is focused on three pillars. That are: Human-Centered City that makes people happier in their everyday lives, considering the needs of different kinds of people before and during the development of technology; Living Laboratory, the first-of-its-kind test track for mobility where researchers, engineers, and scientists demonstrate innovative ideas and future technologies both virtually and in the real world; and Ever-Evolving City, rooted in Toyota’s kaizen (continuous improvement) approach, is focused on new ideas that provide better mobility of information, goods, and people.