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- TotalEnergies (NYSE:TTE) and Daimler Truck (OTCPK:DDAIF) say they signed an agreement to jointly develop a hydrogen ecosystem for transportation in Europe, with the aim of decarbonizing road freight in the European Union.
- The companies say the collaboration will include hydrogen sourcing and logistics, dispensing of hydrogen in service stations, development of hydrogen-based trucks, and the establishment of a customer base.
- TotalEnergies says it plans to directly or indirectly operate up to 150 hydrogen refueling stations in Germany, the Netherlands, Belgium, Luxembourg and France by 2030.
- Daimler Truck says it will supply hydrogen-powered fuel cell trucks to its customers in the Netherlands, Belgium, Luxemburg and France by 2025.
- TotalEnergies recently issued Q3 earnings that topped analyst estimates.