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 🏗️ Heidelberg Materials North America Announces Funding Commitment from Government of Canada in Support of its Groundbreaking Edmonton CCUS Project ⚙️ dynaCERT Prepares Completio...
Inside This Issue 📈 Spiritus Unleashes a ‘Golden Era’ of Carbon Removal to Power America’s Explosive Growth — $30M Series A to Scale Direct Air Capture 🏛️ South Dakota Bans Use of Eminent Domain f...
Inside This Issue 🏭 Mitico Raises $4.3 Million to Commercialize Industrial Carbon Capture Solution 🌍 Mission Zero Tech: Developing Direct Air Capture 💰 Plug Power Inks $1 Billion Stock Deal as It ...
SubTerra Engineering Corporation Announces Strategic Acquisition of Cavern Solutions, Inc.
SubTerra Engineering Acquires Cavern Solutions to Expand North American Storage and Disposal Solutions CALGARY, AB, March 10, 2025 /PRNewswire/ - SubTerra Engineering Corporation, a recognized lea...
LIVERMORE, Calif. and ATHENS, Greece, March 11, 2025 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell a...
Metacon via Pherousa Receives Initial Approval in Principle from ABS and DNV for Ammonia Cracking
STOCKHOLM, March 11, 2025 /PRNewswire/ -- Metacon has, through its shareholding in Norwegian Pherousa AS ("Pherousa"), received two initial Approvals in Principle (AiP) for its Ammonia Cracking tec...
NewHydrogen Files Patent for Its Breakthrough Technology
The Company’s ThermoLoop technology relies on a paradigm shift to use inexpensive heat and water to potentially produce the world’s cheapest green hydrogen SANTA CLARITA, Calif., March 11, 2025 (G...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.