Shinnosuke Hayashi, President and Chief Operating Officer of DENSO CORPORATION, announced at Japan Mobility Show the company’s venture into the hydrogen business. Moreover, it also said it will actively invest in semiconductors and software. 

Supports Mobility-Centered Society

In the hydrogen business, the company plans to market energy system products such as Solid Oxide Electrolysis Cell (SOEC), which produces hydrogen from electricity. In addition, it will also enter in 2024 Solid Oxide Fuel Cell (SOFC), which produces electricity from hydrogen. The company has been conducting demonstration experiments on these energy system products at its plant. 

Hayashi said, “We intend to contribute to achieving carbon neutrality in society by connecting industries and various types of energy with hydrogen at the core.” 

Moreover, in its initiatives to strengthen semiconductors and software, the company will actively invest about ¥500 billion (US$3.3 billion) by 2030. Thus, it plans to triple the scale of the business from the current level by 2035. 

To expand production, it is indispensable to ensure stable procurement of materials.  Thus, the company will forge strategic partnerships with various companies. 

In addition, the company will shift its employees from the mature field to the electrification and software fields and increase about 4,000 employees during the four years from 2022 to 2025.           

DENSO aims to evolve from a Tier 1 supplier that supports the auto industry to a Tier 1 supplier that supports a mobility-centered society. For that reason, it wants to create value for more diverse customers and address three initiatives.

To promote these three initiatives, Hayashi said the company will recruit new employees in the electrification and software field. Hence, this will actively shift its workforce from the mature field to the electrification and software fields. Furthermore, it will strengthen about 4,000 employees during the four years from 2022 to 2025.

Finally, Hayashi said, “As a Tier 1 supplier that supports a mobility-centered society, we will connect partners.”