- Agreement is to develop prototypes of Edison Motors’ fuel cell electric city bus, equipped with Plug Power’s 125kW ProGen fuel cell system in 2022
- Edison Motors expects to mass-produce the fuel cell electric buses, tentatively named “SMART 110F”, and to be distributed in South Korea
- Edison Motors and Plug Power will cooperate on the future mobility applications including trucks, drones, vessels, and PAVs (Personal Air Vehicles)
LATHAM, N.Y.— Edison Motors, a leading Korean electric car manufacturer, announced that the company signed an agreement with NY-based Plug Power (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, to develop and bring to market a hydrogen fuel cell-powered electric city bus.
Plug Power’s 125kW ProGen fuel cell engine will provide power to Edison Motors’ electric bus platform. The companies expect to have a fuel cell electric bus prototype completed by the second half of 2022 and be prepared to launch a mass-market platform by the first half of 2023.
“The fuel cell electric city bus project is just the beginning of strategic cooperation between Edison Motors, and Plug Power,” said Chairman Young-kwon Kang of Edison Motors. “In the future, we hope to partner on other mobility applications including trucks, vessels, drones, and PAVs. We believe that our combined technology and know-how in electric buses will position us to sell fuel cell-powered electric buses not only in Korea but also in other overseas markets.”
Andy Marsh, CEO of Plug Power Inc., said, “Plug Power has a goal to expand our global footprint to stimulate the Asian hydrogen and fuel cell market. We acknowledge this is one of the fast-growing markets in the world and believe that this partnership with Edison Motors, will pave the way to achieving global net zero.”
Chairman Young-kwon Kang continued, “The two companies’ technological prowess and skills are expected to create stunning synergy. This will enable us to give more choices to consumers by providing different types of hydrogen mobility platforms befitting their needs.”
Edison Motors sold the largest number of electric buses in Seoul this year, for the second consecutive year, and the company is actively expanding its electric bus platform with the launch of a new inter-city long-range electric bus platform.
Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while meeting sustainability goals. The Company has deployed over 50,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen.
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