Hyundai Motor Signs MOU With Hyundai Electric For Hydrogen Fuel Cell

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Saehoon Kim, Head of Hyundai Motor Group Fuel Cell Center (Right) and Seok Cho, President and CEO of Hyundai Electric signed a Memorandum of Understanding between the two organizations.

Hyundai Motor Company 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 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 to 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 that 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.

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