- Acceleration of technological independence through localization… Contributing to shared growth by creating jobs
- Advancement of hydrogen infrastructure business based on stable production and performance
Hyundai Rotem is accelerating the localization of hydrogen extractors and speeding up the hydrogen charging infrastructure business.
Hyundai Rotem announced on the 10th that it has completed the localization of the heat exchanger, thereby raising the localization rate of the hydrogen extractor to 80%. It also added that it will complete the localization of all parts excluding catalysts, which are consumable materials, by March next year.
In particular, Hyundai Rotem said that it has already completed the localization of pressure swing absorption vessels (PSA) with a high external oxidation rate. PSA is a device that plays an important role in extracting high-purity hydrogen by filtering impurities of hydrogen produced in a hydrogen extractor.
Hyundai Rotem is cooperating with 35 domestic partners by applying core parts of hydrogen extractors such as blowers and compressors, including PSA, domestically, and is creating 1,500 domestic jobs through this.
In addition to the hydrogen extractor, which is a device that extracts hydrogen from natural gas, Hyundai Rotem is also promoting the localization of key facilities with high import dependence in the construction of hydrogen charging stations, such as a compressor that compresses hydrogen at high pressure and a dispenser that injects hydrogen into vehicles.
Hyundai Rotem plans to develop its own models of dispensers and compressors by 2021 and complete localization to produce facilities necessary for future hydrogen refueling stations with its own technology.
When the localization of hydrogen extractors, compressors, and dispensers is completed, Hyundai Rotem expects to reduce costs by more than 15% compared to foreign products. In addition, it is predicted that it will be able to secure high competitiveness in the hydrogen charging station market by enabling stable operation, performance guarantee, and continuous maintenance of charging stations based on price competitiveness.
In January of last year, the government announced the ‘Road Map for Activation of Hydrogen Economy’, which aims to build a cumulative 2.9 million hydrogen electric vehicles and 1,200 hydrogen charging stations in Korea by 2040.In October, 310 hydrogen charging stations by 2022, and 2025 He mentioned the promotion of the hydrogen industry, including announcing plans to build 450 units.
Hyundai Rotem is in full swing in the hydrogen refueling facility supply business by winning orders for three hydrogen extractors in Chungju, Chungcheongbuk-do and Samcheok, Gangwon-do in May. In addition, in June, it entered the hydrogen shipment center business by winning an order for the Dangjin hydrogen shipment center promoted by Hinet (Hydrogen Energy Network).
In addition, in July, it began building a plant capable of producing 20 hydrogen extractors per year on the site of the Uiwang Research Institute, securing stable production capacity. Hyundai Rotem’s strategy is to advance the hydrogen business through stable production capacity and technology localization.
Hyundai Rotem plans to participate in a bidding for hydrogen extractors and hydrogen charging infrastructure projects ordered by local governments and private sectors worth about KRW 250 billion next year, with orders for the hydrogen shipment center and construction of a hydrogen extractor plant in Uiwang.
An official from Hyundai Rotem said, “The domestic hydrogen refueling infrastructure industry is in the early stages of market formation, and overseas parts are mostly”. “Localization of hydrogen charging facility technology provides an integrated solution for design, construction, and maintenance at low cost. “We will work together to establish a win-win structure between the company and SMEs.”
Meanwhile, Hyundai Rotem is also developing hydrogen electric trams in connection with the hydrogen charging infrastructure business. In August, Hyundai Rotem signed a Memorandum of Understanding (MOU) with Ulsan City for the introduction of the first hydrogen electric tram in Korea, and plans to package and supply hydrogen electric trams and hydrogen charging stations.
In addition, in November, it is working to secure technological competitiveness by signing a memorandum of understanding for technology development and commercialization of hydrogen electric trains with the Korea Railroad Research Institute.
Source: Hyundai Rotem