Hyundai Motor signs MOU to commercialise hydrogen fuel cell propulsion systems for marine vessels.
- Hyundai Motor to collaborate with partner companies to apply its fuel cell system technology to marine vessel propulsion systems
- Collaboration to usher in a new era of eco-friendly marine vessels and serve as a platform to identify and evaluate business opportunities for fuel cell-propelled ships
- Propulsion systems for small-sized vessels scheduled to launch in second half of 2022, with plans for mid- to large-sized models to follow
Hyundai Motor Company announced that it has signed a Memorandum of Understanding (MOU) with Hyundai Global Service, a South Korean manufacturer specialising in ship electric propulsion systems and a subsidiary of Hyundai Heavy Industries Group, and Korean Register (KR), South Korea’s one and only internationally recognised classification society, to develop and commercialise hydrogen fuel cell systems to propel marine vessels.
The MOU marks a significant milestone for Hyundai Motor as it is the company’s first strategic partnership involving the application of its fuel cell system technology in the shipbuilding industry, spearheading a new generation of seafaring vessels.