Hyundai Becomes Shareholder in H2 MOBILITY

By August 5, 2021 2   min read  (372 words)

August 5, 2021 |

Fuel Cells Works, Hyundai Becomes Shareholder in H2 MOBILITY
  • Hyundai Motor joins H2 MOBILITY as the first shareholder apart from its founding members
  • H2 MOBILITY has been advancing the hydrogen infrastructure in Germany since 2015
  • As a shareholder, Hyundai will push for a hydrogen society beyond the sheer means of mobility

Hyundai Motor has become a shareholder in the hydrogen infrastructure company H2 MOBILITY.

This makes Hyundai the first shareholder outside of the circle of founding members: TotalEnergies, Shell, OMV, Linde, Air Liquide, and Daimler. Hyundai Motor Company is represented by Hyundai Motor Deutschland.

Since H2 MOBILITY was founded in 2015, Hyundai has been serving as an affiliated partner in the development of hydrogen infrastructure in Germany. This move reinforces the company’s commitment to hydrogen fuel cell technology by supporting the expansion of the infrastructure necessary to power its fuel cell electric vehicles (FCEVs).

Hyundai emphasised the significant role that both hydrogen and the German market play for the company. Germany has one of the most developed hydrogen infrastructures in Europe, and H2 MOBILITY will push to make hydrogen mobility a top priority.

We are very pleased about our new shareholder. By joining, Hyundai is underlining the increasing importance of hydrogen as it guarantees unlimited, unrestricted mobility.

Nikolas IwanManaging Director of H2 MOBILITY

Hyundai Motor underlines its strong commitment to fuel cell technology by actively supporting the development of a hydrogen infrastructure. Combining our experience in hydrogen fuel cell systems and H2 MOBILITY’s years of hydrogen infrastructure development, this partnership will empower us to make significant headway toward creating a clean hydrogen ecosystem.

Michael ColePresident and CEO of Hyundai Motor Europe

Partnership with H2 MOBILITY

Following years of strong partnership, Hyundai finally joins forces with H2 MOBILITY because the company already has a wealth of experience in creating hydrogen infrastructure. Since 2015, H2 MOBILITY has been building and operating the hydrogen refuelling infrastructure in Germany. As the world’s largest operator of hydrogen refuelling stations, the company has hydrogen stations throughout the metropolitan areas of Hamburg, Berlin, Rhine-Ruhr, Frankfurt, Nuremberg, Stuttgart, and Munich as well as on connecting motorways.

Image: Left: Ronald Grasman, Vice President Global Fuel Cell Cooperation, Hyundai Motor Company Right: Ronald Grasman, Vice President Global Fuel Cell Cooperation, Hyundai Motor Company, and Nikolas Iwan, Managing Director of H2 MOBILITY

Author FuelCellsWorks

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