Hyundai and Skoda Group Partner to Explore Hydrogen Fuel-Cell Technology Beyond Cars
Key Ideas
- Hyundai Motor Company and Skoda Group, a train, tram, and bus manufacturer, partnered to explore hydrogen fuel-cell technology beyond cars.
- Skoda Group, owned by a private investment firm, will study adoption of hydrogen fuel-cell systems, energy-efficient solutions, and value chain opportunities.
- Hyundai is heavily investing in hydrogen fuel-cell technology, aiming for 'price parity' between hydrogen fuel-cell and electric vehicles and has partnered with Toyota for refilling stations.
- The partnership between Hyundai and Skoda Group could potentially lead to the use of Hyundai's fuel-cell system and technology in trains and trolleybuses.
Hyundai Motor Company and Skoda Group, a lesser-known relative of the car maker Skoda, have announced a partnership to explore hydrogen fuel-cell technology. This collaboration is significant as it involves Skoda Group, a manufacturer of trains, trams, and buses based in the Czech Republic, owned by a private investment firm. The Memorandum of Understanding signed between Hyundai and Skoda Group will focus on studying the adoption of hydrogen fuel-cell systems, energy-efficient solutions, and exploring opportunities beyond mobility projects. While the Volkswagen-owned Skoda car maker is not interested in hydrogen fuel-cell technology for cars and is concentrating on battery-electric power, the Skoda Group's agreement with Hyundai opens up possibilities for utilizing hydrogen technology in trains and trolleybuses. Hyundai's dedication to hydrogen fuel-cell technology is evident through its investments in developing the third generation of hydrogen fuel-cell-powered production cars and striving for 'price parity' with electric vehicles. The announcement also hints at the potential use of hydrogen power as an alternative energy source for land infrastructure. The partnership could lead to Hyundai sharing its fuel-cell system and technology with the Czech company, expanding the application of hydrogen technology beyond traditional passenger and commercial vehicles. Hyundai has also collaborated with Toyota and energy giants like Ampol and Pacific Energy to establish hydrogen refilling stations, showing a commitment to advancing hydrogen infrastructure. This partnership signifies a step towards innovation and sustainability in the transportation sector by exploring the broader potential of hydrogen fuel-cell technology.