KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home exports

Hyundai Motor’s First Hydrogen Fuel Cell System Makes Way to Europe

 1,238 total views,  1 views today

KoreaTechToday Editor by KoreaTechToday Editor
PUBLISHED: September 17, 2020 UPDATED: September 17, 2020
in exports, Hydrogen, Hyundai Motor Co., Tech Industry
0
Hyundai Motor exports its first in-house hydrogen fuel system to Europe. / photo courtesy of Hyundai Motor
Hyundai Motor exports its first in-house hydrogen fuel system to Europe. / photo courtesy of Hyundai Motor

Hyundai Motor exports its first in-house hydrogen fuel system to Europe. / photo courtesy of Hyundai Motor

Hyundai Motor said on Wednesday that it started exporting its in-house hydrogen fuel cell system to a European energy solution startup and Switzerland-based GRZ Technologies Ltd. The move came as the South Korean carmaker aims to expand its hydrogen business to the non-automotive industry.

GRZ Technologies Ltd. and the European startup would utilize Hyundai’s hydrogen fuel system in developing mobile emergency power generators.

According to the Ministry of Trade, Industry, and Energy, Hyundai’s export anticipates growth in 2022 after completing a one-year performance test. The government further identified the hydrogen fuel technology of Hyundai as one of the country’s core technologies. Following President Moon Jae-in’s green New Deal initiative in promoting hydrogen fuel cell systems, the Ministry approved the exportation in July.

Promote Korea’s Superior Hydrogen Technologies

The Ministry said that the mass exports of the system would happen sometime in 2022. It said that it would also provide full support to companies that develop different fuel cell vehicles and the commercialization of hydrogen vehicles for export.

GRZ Technologies boasts its metal hybrid technology for storing hydrogen. The company created a hydrogen storage tank that stores ten times more hydrogen with a lower pressure of below 30. Currently, the company also develops hybrid absorption analysis systems and metal hybrid compressors.

Hyundai Motor and GRZ Technologies started their collaboration for hydrogen storage technology in October 2019. The export trading provided an excellent opportunity to promote Korea’s superior hydrogen technologies in Europe. The deal commenced after the European Union Commission revealed its hydrogen economy policy in July to reduce carbon emissions.

Last year, Hyundai Motor ranked first worldwide in sales with its Nexo hydrogen fuel-cell electric vehicle. The Nexo, which sold 4,987 units last year, also sold 3,292 units within the first half of this year. Hyundai also manufactured and exported 30-ton hydrogen-electric trucks to Europe for the first time.

Hyundai aims to expand its sales network of the hydrogen fuel system globally, including China and the US.

Earlier, the carmaker stated that it intends to manufacture up to 700,000 fuel cell systems on a yearly basis. The fuel cell systems target non-automotive sectors like rail vehicles, drones, power generation, and passenger vehicles by 2030.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: europeExportfuel cellGRZ TechnologieshydrogenhyundaiTrade Ministry

Related Posts

South Korean Govt shares strategic blueprint to become 5th biggest metaverse market globally
Hyundai Motor exports its first in-house hydrogen fuel system to Europe. / photo courtesy of Hyundai Motor
metaverse

South Korean Govt shares strategic blueprint to become 5th biggest metaverse market globally

January 24, 2022
SK Telecom partners with Erisson for 5G standalone network
Hyundai Motor exports its first in-house hydrogen fuel system to Europe. / photo courtesy of Hyundai Motor
SK Telecom

SK Telecom partners with Erisson for 5G standalone network

November 18, 2021
Chip shortage issue gets serious as it affects Hyundai investments
Hyundai Motor exports its first in-house hydrogen fuel system to Europe. / photo courtesy of Hyundai Motor
Hyundai Motor Co.

Chip shortage issue gets serious as it affects Hyundai investments

October 28, 2021
SK Inc. invests in clean hydrogen production
Hyundai Motor exports its first in-house hydrogen fuel system to Europe. / photo courtesy of Hyundai Motor
Hydrogen

SK Inc. invests in clean hydrogen production

October 14, 2021
Hyundai Motor to launch tech testbed for autonomous cars
Hyundai Motor exports its first in-house hydrogen fuel system to Europe. / photo courtesy of Hyundai Motor
Hyundai Motor Co.

Hyundai Motor to launch tech testbed for autonomous cars

October 13, 2021
South Korea invests $35.8 million in hydrogen tram tech: Aims a hydrogen economy by 2050
Hyundai Motor exports its first in-house hydrogen fuel system to Europe. / photo courtesy of Hyundai Motor
Hydrogen

South Korea invests $35.8 million in hydrogen tram tech: Aims a hydrogen economy by 2050

September 24, 2021
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • Top Eight Promising EdTech Startup Companies in South Korea

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Korean tech giants to focus on future innovations & sustainability actions at CES 2023 

    0 shares
    Share 0 Tweet 0
  • World’s First 5G Robot Café has a Seoul Opening

    0 shares
    Share 0 Tweet 0
  • Top 10 Must-Have Korean Apps You Need When Visiting in Korea

    0 shares
    Share 0 Tweet 0
  • South Korea Improves Digital New Deal with the Data Dam Project

    0 shares
    Share 0 Tweet 0
  • Coway Changes Name After Netmarble’s Aquisition

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |