 
    Published by Todd Bush on September 20, 2024
SEOUL, South Korea and PRAGUE, Sept. 20, 2024 /PRNewswire/ -- Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem.
>> In Other News: Equatic’s Revolutionary Oxygen-Selective Anodes: Scaling Carbon Removal and Green Hydrogen Generation
The signing ceremony, which took place at the Korea-Czech Republic Business Summit in Prague, was attended by Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotný, CEO of Škoda Group.
The MOU covers study on adoption of hydrogen fuel cell systems and technologies, energy-efficient mobility solutions, and exploring hydrogen ecosystem opportunities beyond mobility.
"Our partnership with Škoda Group aims to accelerate hydrogen adoption, which would contribute to the advancement of hydrogen technology and carbon neutrality across global markets, including the Czech Republic," said Ken Ramírez, Executive Vice President. "Together with Škoda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Škoda Group's mobility products and projects."
"We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future. Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders and explore wider markets where these technologies can have a larger impact. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem," said Petr Novotný, CEO of Škoda Group.
Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the MOU, the parties will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Škoda Group operates.
Hyundai Motor Company and Škoda Group will also conduct feasibility studies for fuel cell system applications for diverse utilization beyond mobility. Leveraging Hyundai's global expertise in various hydrogen applications, the company is poised to play a pivotal role in aiding the energy transition.
Hyundai Motor Group is committed to building a hydrogen society under its HTWO brand, which encompasses businesses and affiliates across the hydrogen value chain.
Hyundai Motor Manufacturing Czech (HMMC), established in 2008, has an annual manufacturing capacity of 350,000 vehicles. It is one of the most modern car manufacturers in Europe and the largest foreign investment in the Czech Republic.
– End –SOURCE: Hyundai Motor Company
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚡ In Controversial Move, LADWP Says It Will Shift Its Largest Gas Power Plant to Hydrogen 🌎 NorthX Catalyzes the Rise of Canada's Carbon Removal Industry 🤝 Elemental Clean Fuels ...
Inside This Issue 💧 Blue Hydrogen Just Won 2025: 10x More Than Green ✈️ Houston American Energy Advances Development of Sustainable Aviation Fuel ⛏️ Max Power Expands Natural Hydrogen Discovery Po...
Inside This Issue ⚡ Google's Power Play: First CCS Deal Reshapes Energy 🌎 True North Carbon's Tamarack Project, Canada's Largest Single-Technology Direct Air Capture Deployment, Achieves First Cap...
Integrity Council Approves First Sustainable Agriculture Methodologies from CAR and Verra
The Integrity Council for the Voluntary Carbon Market (ICVCM) today announced that the following two sustainable agriculture methodologies have become CCP-Approved: Climate Action Reserve (CAR) –...
Canada Advances Energy Innovation with Major Investments in Carbon Technologies and AI Solutions
TORONTO, Oct. 29, 2025 /CNW/ - Canada is at a pivotal moment in history. Faced with global volatility, a changing environment, and an affordability crisis, it is clear that the conventional ways of...
AKRON, Ohio (BUSINESS WIRE) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has been awarded a contract by Cache Power Corp. to execute an engineering study for Cache Power’s Ma...
Univar Solutions signs Letter of Intent to distribute CarbonFree’s endurocal®, a domestically produced calcium carbonate material derived from circular-sourced raw materials to industrial and consu...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.