Hyundai Motor Group Unveils End-to-End Hydrogen Solutions and Hydrogen Roadmap at H2 MEET 2024

Rhea-AI Summary

Hyundai Motor Group unveiled its comprehensive hydrogen technology solutions and roadmap at H2 MEET 2024, Korea's largest hydrogen industry event. Under the theme 'Be a First Mover in Hydrogen,' the Group showcased its hydrogen business and technology across the entire value chain under the HTWO brand. The exhibition featured four scenario-based displays:

1. Energy Security: Highlighting innovative hydrogen production technologies like W2H (Waste-to-Hydrogen) and P2H (Plastic-to-Hydrogen).

2. Port & Airport Decarbonization: Introducing hydrogen solutions for high-carbon-emitting industrial complexes.

3. Industrial Applications & Businesses

4. Hydrogen Society

The event marks the first time all Hyundai Motor Group affiliates participated together under HTWO, including Hyundai Motor Company, Hyundai Rotem, Hyundai Steel, Hyundai Engineering, Hyundai E&C, and Hyundai Glovis.

Positive

• Hyundai Motor Group unveiled comprehensive hydrogen technology solutions across the entire value chain
• The Group showcased innovative hydrogen production technologies like W2H and P2H
• Hyundai Motor successfully deployed 30 Class 8 XCIENT Fuel Cell hydrogen-powered trucks for the NorCAL ZERO Project
• The Group is expanding its presence in the hydrogen industry with multiple affiliates participating under the HTWO brand

Negative

• None.

News Market Reaction

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On the day this news was published, HYMTF declined 0.38%, reflecting a mild negative market reaction.

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• Hyundai Motor Group unveils comprehensive hydrogen technology solutions and a roadmap at H2 MEET 2024, Korea's largest hydrogen industry event
• The Group is showcasing its hydrogen business and technology under the HTWO, emphasizing its unique capabilities and strong collaboration among affiliates
• Hydrogen value chain business solutions are exhibited as part of four scenarios: Energy Security, Port & Airport Decarbonization, Industrial Applications & Businesses and Hydrogen Society

SEOUL, South Korea, Sept. 24, 2024 /PRNewswire/ -- Hyundai Motor Group (the Group) unveiled its end-to-end hydrogen solutions and roadmap at H2 MEET 2024^[1], Korea's largest hydrogen industry exhibition event, running from September 25 to 27 at the Korea International Exhibition Center (KINTEX) near Seoul.

Under the theme 'Be a First Mover in Hydrogen,' the Group introduced its hydrogen business and technology spanning the entire hydrogen value chain under the HTWO brand. This builds upon its hydrogen vision presentation made at this year's Consumer Electronics Show (CES).

H2 MEET 2024 marks the first event in which all the Group's affiliates are participating together under the HTWO. Participating affiliates include Hyundai Motor Company, Hyundai Rotem, Hyundai Steel, Hyundai Engineering, Hyundai E&C and Hyundai Glovis.

At its massive H2 MEET booth, the Group is showing four hydrogen value chain business solutions in four scenario-based exhibitions with staff available for explanation at each exhibition corner and digital docents available via smartphones.

The first scenario exhibition, 'Energy Security,' introduces the Group's innovative resource-cycle hydrogen production technologies including W2H (Waste-to-Hydrogen) and P2H (Plastic-to-Hydrogen). W2H utilizes organic waste such as food and sewage sludge to produce hydrogen, while P2H utilizes non-recyclable plastic. The exhibition also showcases Korea's very first W2H facility in Chungju that converts food waste into hydrogen and supplies hydrogen to nearby refueling stations.

Visitors will also be able to check on Hyundai Motor's field-proven cell system and its reverse electrolysis technology - PEM electrolysis, which is ideal for producing high-purity hydrogen. The exhibit also features Korea's very first PEM electrolysis production facility in Buan, operated by Hyundai E&C, alongside other business cases that run on the hydrogen produced. 

The second scenario exhibition, 'Port & Airport Decarbonization' introduces hydrogen solutions that can be applied to high-carbon-emitting industrial complexes, including ports and airports. Hyundai Motor successfully deployed a pioneering fleet of 30 Class 8 XCIENT Fuel Cell hydrogen-powered trucks for the NorCAL ZERO Project since last year with an aim to reduce carbon emissions at the port of Oakland in California, U.S.

More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Newsroom

[1] H2 MEET stands for 'Hydrogen Mobility Energy Environment Technology'

 

FAQ

What is Hyundai Motor Group (HYMTF) showcasing at H2 MEET 2024?

Hyundai Motor Group is showcasing its end-to-end hydrogen solutions and roadmap, including hydrogen technology across the entire value chain under the HTWO brand at H2 MEET 2024, Korea's largest hydrogen industry event.

What are the four scenarios presented in Hyundai's (HYMTF) exhibition at H2 MEET 2024?

The four scenarios presented are: Energy Security, Port & Airport Decarbonization, Industrial Applications & Businesses, and Hydrogen Society.

What innovative hydrogen production technologies did Hyundai (HYMTF) introduce at H2 MEET 2024?

Hyundai introduced W2H (Waste-to-Hydrogen) and P2H (Plastic-to-Hydrogen) technologies. W2H utilizes organic waste to produce hydrogen, while P2H uses non-recyclable plastic.

How is Hyundai Motor Group (HYMTF) contributing to port decarbonization?

Hyundai Motor deployed a fleet of 30 Class 8 XCIENT Fuel Cell hydrogen-powered trucks for the NorCAL ZERO Project at the port of Oakland in California, U.S., aiming to reduce carbon emissions.