HHM, Hydrospider to deploy green hydrogen-based FCEVs in Switzerland
By Akshay Kedari  Date: 2019-09-27

HHM, Hydrospider to deploy green hydrogen-based FCEVs in Switzerland

Mounting environmental concerns have significantly increased the demand for eco-friendly heavy-duty electric vehicles for industrial applications. The green hydrogen revolution has begun and auto majors are making efforts to deploy hydrogen mobility.

Hyundai Hydrogen Mobility (HHM), the joint venture between H2 Energy and Hyundai Motor Company, has reportedly formed an alliance with Hydrospider, a joint venture of Alpiq, Linde and H2 Energy, to foster the hydrogen ecosystem in Switzerland as well as other European countries in the coming years.

Sources familiar with the knowledge of the matter have reported that HHM and Hydrospider had held a ceremony at Alpiq’s hydro-electric power plant based in Gosgen Switzerland with the aim to introduce a new business model for hydrogen mobility with fuel cell electric-trucks powered by Hydrospider’s green hydrogen production plant.

The two parties also evidently disclosed plans to build required refueling infrastructure.

Hyundai has apparently been eyeing the European market for the deployment of electric trucks for quite some time. The South Korean automaker had entered a joint venture agreement with H2 Energy earlier this year to take the lead across Europe’s proliferating hydrogen mobility ecosystem. As per the agreement, Hyundai intends to bring 1,600 fuel-cell-electric heavy-duty vehicles by 2025.

Analysts claim that stringent regulations pertaining to carbon emissions and strong demand for fuel cell trucks across Europe and Switzerland will help Hyundai gain a strategic foothold in the region via HHM.

Notably, there is currently a strong focus to establish solutions and networks in Austria, the Netherlands, Germany and Norway.

Cheol Lee, Executive VP and Head of Commercial Vehicle Division at Hyundai Motors, was quoted saying that the partnership between HHM and Hydro-spider is aimed to deliver FCEVs in a distinctively designed ecosystem.

Hyundai’s next-gen H2 XCIENT

The deployment of fuel cell trucks in Switzerland supposedly marks the first expansion of Hyundai’s FCEV leadership into the green mobility space.

According to authentic sources, the Hyundai H2 XCIENT fuel cell truck, built in order to comply with the European regulations, feature a 190 kW hydrogen fuel cell engine and offers a single-fueling travel range of up to 400 km. The automobile also has seven large hydrogen tanks that can store up to 35 kg of hydrogen.

Source Credits – https://www.hmgjournal.com/MediaCenter/News/Press-Releases/green-hydrogen-allows-hyundai-hydrogen-mobility-and-hydrospider-to-connect-electricity-with-mobility-sectors-in-switzerland

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Rivian secures USD 2.65 billion months before its first vehicle launch
Rivian secures USD 2.65 billion months before its first vehicle launch
By Akshay Kedari

Electric vehicle startup, Rivian, backed by Ford Motor Co. and Amazon.com Inc., has reportedly announced an investment round of USD 2.65 billion led by T. Rowe Price, months before its first vehicle launch. Sources with knowledge of the matter state...

BMW drivers can now unlock and start cars without using their iPhone
BMW drivers can now unlock and start cars without using their iPhone
By Akshay Kedari

German multinational automobile manufacturer, Bayerische Motoren Werke AG, commonly known as BMW, has reportedly unveiled an upgraded version of its mobile car key technology, called the Digital Key Plus. This product enables iPhone users to unlock t...

FMCG firms resort to marginal hike to cope with raw material inflation
FMCG firms resort to marginal hike to cope with raw material inflation
By Akshay Kedari

The recent inflation in raw materials has reportedly prompted players in the FMCG sector to take price hike measures for their products, in a bid to maintain the revenues. According to reliable sources, some FMCG companies, including Marico, have al...

boAt raises USD 100 million in funding from Warburg Pincus
boAt raises USD 100 million in funding from Warburg Pincus
By Akshay Kedari

Indian consumer electronics brand, boAt, has reportedly secured funding of USD 100 million from Warburg Pincus, a New-York-based private equity firm, at a USD 300 million valuation. The company will utilize these funds to expand its product portfoli...

Elevar Therapeutics and Inceptua partner to commercialize Apealea®
Elevar Therapeutics and Inceptua partner to commercialize Apealea®
By Akshay Kedari

According to reliable sources, U.S.-based fully integrated biopharmaceutical company, Elevar Therapeutics Inc., has signed an exclusive agreement with Inceptua Group for the commercialization and distribution of its non-cremophor based paclitaxel tre...