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Hyundai Motor Group Signs MOU with Hyundai Construction Equipment Co. to Develop Hydrogen Fuel Cell Construction Machinery

By February 19, 2020 3   min read  (592 words)

February 19, 2020 |

Hyundai Hydrogen Fuel Cell Construction Machinery

Hyundai Motor Group and Hyundai E & C are partnering to take advantage of hydrogen energy in the construction machinery sector.

At the Hyundai Construction Equipment Research Institute in Yongin-si, Hyundai Motor Company held a meeting with the attendees at the event, including Sun-chan Park, Head of Fuel Cell Business Division, and Young-beom Kum, Head of Fuel Cell Business Division, Hyundai Mobis. Together they signed a memorandum of understanding (MOU) with the main contents of joint development of fuel cell construction equipment.

The three companies are planning to create prototypes of hydrogen fuel cell excavators and hydrogen fuel cell forklifts and demonstrate them by 2021.  After the demonstration test, the companies will commercially launch the forklifts and excavators by 2023.

With this cooperation between the companies, the use of hydrogen energy in the construction machinery sector is expected to now accelerate further.

In particular, strengthening the cooperation with Hyundai Construction Equipment, which has more than 540 dealer networks in 140 countries and overseas subsidiaries in the United States, Europe, China, India, Brazil, and Indonesia, will definitely expand the use of hydrogen energy in the global construction equipment market beyond Korea.

Hyundai Construction Equipment is responsible for the design and manufacture of the forklifts and excavators using hydrogen fuel cell system and will conduct a comprehensive evaluation of the developed construction machinery.

Hydrogen fuel electric forklifts and excavators, which will be born through business agreements, will become the world’s first hydrogen-based medium-to-large construction machinery, which will help Hyundai Motor Group and Hyundai Construction Machinery accelerate the application of hydrogen energy in the construction machinery sector. Of course, by proactively securing core technologies, it is expected to preempt the global standardization process of certification and legislation for commercialization in the future.

Park Soon-chan, Managing Director of Hyundai Motor’s Fuel Cell Business Division, said, “To expand the hydrogen fuel cell system to various industries, it is not an option but essential to building a sustainable future hydrogen society .” The cooperation will be a good measure of the applicability of hydrogen fuel cell technology to the construction machinery sector. ”

Meanwhile, Hyundai Motor Group has unveiled the mid- to long-term hydrogen and hydrogen-electric vehicle roadmap ‘ FCEV Vision 2030’, in which the company plans to build 500,000 hydrogen-electric vehicle production systems annually in Korea and secure global hydrogen electric vehicle leadership. The company plans to invest 7.6 trillion won in R & D and facilities expansion by year, and create 51,000 new jobs .

As a part of this, Hyundai Motor Company has developed relationships with ‘Impact Coatings’, a Swedish fuel cell separator coating technology company, ‘H2 Pro’, Israel’s hydroelectric hydrogen production technology company, and ‘GRZ Technologies,’ Swiss hydrogen storage and compression technology company and is collaborating with the world’s leading companies on strategic investment and joint technology development, and is exploring various ways to utilize hydrogen fuel cells in power generation and storage fields beyond transportation.

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In particular, Hyundai recently signed a memorandum of understanding with the US Department of Energy regarding the technological innovation of hydrogen and hydrogen fuel cells and cooperation to expand the global base and empirical analysis data obtained through the operation of hydrogen-electric vehicles and hydrogen charging stations will be shared with academia, government agencies, and companies, and the competitiveness of hydrogen energy will be spread to various industries and the general public to enhance hydrogen and hydrogen fuel cell technology innovation and global utilization.

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