Toyota Taps Fuel Cell Energy for California Hydrogen Project

The dream of hydrogen transportation got a little jolt on Thursday, when Toyota (NYSE: TM) announced it is teaming up with FuelCell Energy (NASDAQ: FCEL) to build hydrogen fuel infrastructure at the Port of Long Beach in California to supply a growing hydrogen fleet. The companies will ultimately turn waste products like manure into clean hydrogen fuel and power for the electric grid.

A single hydrogen generation plant won't upend transportation as we know it, but Toyota sees it as a proving ground for a broader hydrogen play. Here's what investors need to know.

Some trucks in California will soon be running off renewable hydrogen created at the Port of Long Beach. Image source: Getty Images.

Source: Fool.com