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 🌾 POET and Tallgrass Announce Collaboration on Carbon Capture Project ⚡ Bloom Energy and Chart Industries Announce Groundbreaking Carbon Capture Partnership ☀️ Solar-powered Devi...
Inside This Issue 🌊 Direct Ocean Capture Takes a Big Step Forward with Captura's New Pilot Plant in Hawaii 🛢️ Gevo and Axens Partner to Broaden Their Alliance to Develop and Commercialize Bio-Base...
Inside This Issue 💰 Google Contracts Over $100M in Carbon Removal Credits in 2024 🌍 CERAWeek by S&P Global 2025 to Convene Energy CEOs, Government Officials and Business and Technology Leaders...
EU to Propose 90% Emissions-Reduction Target for 2040
The new target will be part of an amendment to the European Climate Law, which provides a framework to achieve the bloc’s carbon neutrality by 2050 target. — The European Union’s executive is exp...
Innovators Gear Up Work on ‘Green’ Hydrogen Plane With Plans for Nonstop 9-day Trip Around Earth
LES SABLES D’OLONNE, France (AP) — When aviation pioneer Bertrand Piccard spearheaded a flight around the world in a plane powered by sunlight, it raised awareness about climate change but held lit...
Solar-powered Device Captures Carbon Dioxide From Air to Make Sustainable Fuel
Researchers at the University of Cambridge have developed a solar-powered reactor that pulls carbon dioxide directly from the air and converts it into sustainable fuel using sunlight. The reactor,...
PX Group Wins ‘Landmark’ Teesside Biomass Contract
Saltend Chemicals Park-owner PX Group has been awarded an operations and maintenance (O&M) contract for the Tees Renewable Energy Plant (Tees REP). The facility, located in Tees Valley, is one...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.