Hyundai Motor Company has signed a landmark Memorandum of Understanding (MoU) to co-develop a maritime fuel cell system. This initiative marks Hyundai Motor’s effort to extend its clean energy expertise beyond automobiles into new sectors.
The MoU brings together leading shipbuilders HD Korea Shipbuilding & Offshore Engineering (HD KSOE), along with Pusan National University (PNU), to develop and integrate key technologies for liquefied hydrogen carriers (LH2Cs1).
This innovative maritime fuel cell system aims to set a benchmark for reducing maritime emissions in compliance with International Maritime Organization (IMO) carbon regulations. It will also harness Hyundai Motor’s proven fuel cell technology for the specific demands of marine applications.
The partnership lays the groundwork for Hyundai Motor to expand beyond automobiles into new sectors. The consortium will co-develop key technologies for liquefied hydrogen carriers, with a shared focus on sustainability and innovation.
“This collaboration marks an important first step toward achieving carbon neutrality and expanding a sustainable global maritime industry. By combining Hyundai Motor Company’s hydrogen fuel cell technology, HD Korea Shipbuilding & Offshore Engineering’s expertise in shipbuilding and maritime sectors, and Pusan National University’s research capabilities in hydrogen-powered vessels, we aim to set a new standard for future marine mobility.” – Ken Ramírez, Executive Vice President and Head of Hyundai Motor Group’s Energy and Hydrogen Business Division.