Hyundai Aims to Produce 3M Tonnes of Hydrogen a Year by 2035

Hyundai Motor is developing manufacturing capabilities for “green hydrogen” which is expected to commercialize in the next few years.

• Company is developing megawatt-scale polymer electrolyte membrane (PEM) electrolyzer manufacturing capabilities, it says at CES trade show in Las Vegas
• Aims to produce 3 million tonnes of hydrogen a year by 2035 to power businesses such as clean logistics, green steel production and power generation
• While the current price of PEM electrolyzers is about 1.5 times higher than alkaline electrolyzers, Hyundai is confident the price will drop below alkaline electrolyzers through component sharing
• Hyundai to introduce a new model of its ...