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July 29, 2021

Hyundai Motor and Hyundai Electric sign hydrogen MOU

A new Hyundai Group JV will use fuel cell technology to develop a portable power pack.

By Graeme Roberts

Hyundai Motor Company has signed a memorandum of understanding (MOU) with Hyundai Electric & Energy Systems (Hyundai Electric) to develop a hydrogen fuel cell package for mobile power generation.

The signing took place online, attended by Saehoon Kim, head of Hyundai Motor Group Fuel Cell Center, and Seok Cho, president and CEO of Hyundai Electric.

The project 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 products, based on Hyundai Motor’s polymer electrolyte membrane fuel cell (PEMFC) system used in its fuel cell vehicles.

The new fuel cell-based package system is expected to be a major development in the mobile generator market which is currently dominated by diesel generators.

Power products 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 commercialise 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 overseas.

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