Hyundai Motor Company announced that it has signed a Memorandum of Understanding (MOU) with Hyundai Electric & Energy Systems Co. (Hyundai Electric) to develop a hydrogen fuel cell package for mobile power generation.
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.
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.
Hyundai Motor Group also recently introduced ‘HTWO’, a new brand representing the Group’s world-leading hydrogen fuel cell system.