Hyundai Motor Company (HMC) says it has signed a memorandum of understanding (MOU) with two South Korean energy firms to generate electricity from hydrogen, which will lead to the company’s NEXO hydrogen fuel cell vehicle being used to power around 2,200 homes.
Korea East-West Power (EWP) and Deokyang are working with Hyundai Motor Company to deliver a 1-megawatt (MW) hydrogen fuel cell power facility with the vehicle-maker building the fuel cell system, EWP managing the facility and sale of electricity, and Deokyang supplying the hydrogen.
It is scheduled to break ground later this year in the city of Ulsan, will consist of two container-type 500 kW generator modules, each loaded with multiple power modules from Hyundai’s flagship fuel cell vehicle NEXO, said Hyundai Motor Company.
The agreement was finalised in a signing ceremony attended by Hyundai’s head of strategy and Technology Division, president and chief innovation officer Youngcho Chi, along with presidents Il Jun Park and Chi Yoon Lee of EWP and Deokyang, respectively.
“The facility will generate an annual supply of 8,000 MWh, enough electricity to power approximately 2,200 households at 300 kWh per month, while emitting zero greenhouse gases or pollution because it is fueled by hydrogen The hydrogen used in the facility will be byproduct hydrogen brought from a nearby petrochemical complex through a pipe network, reducing costs and making use of local energy sources,” said Hyundai Motor Company.
