Hyundai Motor and Hyundai Electric Sign MOU to Develop Hydrogen Fuel Cell Package for Power Generation
Hyundai Motor and Hyundai Electric have signed a Memorandum of Understanding (MOU) to develop a mobile power generator package using Hyundai's polymer electrolyte membrane fuel cell (PEMFC) system. This collaboration aims to create environmentally-friendly alternatives to diesel generators for various industrial applications, including port facilities and construction sites. Hyundai Motor will supply the fuel cell systems and technical support, while Hyundai Electric will focus on commercialization and explore marketing strategies both domestically and internationally.
- Collaboration expected to innovate mobile generator market, providing eco-friendly solutions.
- Hyundai's expertise in fuel cells combined with Hyundai Electric's power equipment experience enhances development capabilities.
- Dependency on successful commercialization and adoption of new technology to replace established diesel generators.
- Hyundai Motor and Hyundai Electric agree to develop and commercialize mobile power generator package based on the leading fuel cell system for vehicles
- Hyundai Motor to supply the fuel cell system (PMEFC) and provide technical support while Hyundai Electric will develop and commercialize mobile power generator package
- Hyundai Motor continues to expand use of hydrogen fuel cell technology to help reduce carbon emissions and establish a sustainable hydrogen society
SEOUL, South Korea, July 28, 2021 /PRNewswire/ -- Hyundai Motor Company today announced that it has signed a Memorandum of Understanding (MOU) with Hyundai Electric & Energy Systems Co. (Hyundai Electric), a leading electrical equipment manufacturer and energy solution provider, to develop a hydrogen fuel cell package for mobile power generation.
The MOU signing took place via online, attended by Saehoon Kim, Head of Hyundai Motor Group Fuel Cell Center, and Seok Cho, President and CEO of Hyundai Electric.
The endeavor combines Hyundai Motor's decades-long fuel cell experience and Hyundai Electric's power equipment expertise. Under the MOU, the two parties will develop a hydrogen fuel cell package dedicated for mobile power generators and alternative maritime power (AMP) supply solutions, based on Hyundai Motor's polymer electrolyte membrane fuel cell (PEMFC) system that is used in Hyundai Motor's fuel cell vehicles.
The new fuel cell-based package system is expected to be a game changer in the mobile generator market, which is currently dominated by diesel generators. Environmentally-friendly, distributed power solutions like the one planned can address carbon-neutral electric needs in a variety of industrial sectors such as port facilities, construction sites and industrial complexes.
Under the agreement, Hyundai Motor will supply PEMFC fuel cell systems and provide technical support while Hyundai Electric will develop and commercialize a fuel cell-based power generation package which includes mobile generators and AMP supply systems. Hyundai Electric will also explore a variety of business models for marketing the new package in Korea and abroad.
More information about Hyundai Electric & Energy Systems can be found at:
http://www.hyundai-electric.com/elec/en/index.jsp
More information about Hyundai Motor and its products can be found at:
http://worldwide.hyundai.com or http://globalpr.hyundai.com
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SOURCE Hyundai Motor Company
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