Renault and Plug Power's HYVIA Venture to Revolutionize Green Mobility in Europe
Key Ideas
  • Renault and Plug Power's HYVIA venture will sell hydrogen products and assemble fuel cells and refueling stations in France by late 2021.
  • HYVIA aims to offer a range of three fuel-cell powered Master Large Van models to meet the needs of businesses, fleets, and local communities.
  • This initiative aligns with the auto industry's move towards environmentally-friendly options like electric vehicles and hydrogen, supporting Europe's goal to cut truck CO2 emissions by 2030.
  • Hydrogen vehicles, although more expensive than battery electric vehicles, are gaining traction in Europe due to potential industry growth and incentives for greener vehicles.
The HYVIA hydrogen venture, a collaboration between Renault and Plug Power, is set to introduce innovative green mobility solutions throughout Europe by late 2021. The venture will establish fuel cell assembly and hydrogen refueling stations at the Flins factory in France. Through the production, storage, and distribution of green hydrogen, HYVIA will offer a variety of fuel-cell powered Master Large Van models to cater to businesses, fleets, and local communities. David Holderbach, the president of HYVIA, highlighted the importance of these solutions in driving energy transition and meeting the evolving needs of various sectors. This move by Renault reflects the broader trend in the auto industry towards electric and hydrogen vehicles to enhance sustainability. The focus on electric vehicles was further emphasized by Renault's recent strategy shift towards affordable electric car models. Additionally, General Motors' announcement of supplying electric batteries and hydrogen fuel cell systems for rail supplier Wabtec Corp showcases the industry's interest in expanding beyond traditional automotive sectors. Hydrogen vehicles, utilizing fuel cells to convert hydrogen into electricity onboard, are gaining prominence in Europe, especially with EU's target to reduce truck CO2 emissions by 2030. Despite the higher cost compared to battery electric vehicles, fuel cell electric vehicles are poised to benefit from Europe's ambitions to lead in hydrogen technology and create a more sustainable transport industry.
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