Seoul, Korea
Kia Corporation and Hyundai Motor Company signed a memorandum of understanding with Next Hydrogen Corporation, to jointly develop an alkaline water electrolysis system for generating green hydrogen.
Next Hydrogen Corporation is a Canadian company specializing in water electrolysis technology and a subsidiary of Next Hydrogen Solutions Inc. The agreement will work to usher in a global hydrogen society through cost-effective production of clean hydrogen. Under the agreement, the companies will also explore new business opportunities and technological applications.
It is expensive and time consuming to produce clean hydrogen. Due to this reason, Kia, Hyundai Motor and Next Hydrogen are looking to improve the price competitiveness of clean hydrogen in consideration of regional climate and environmental characteristics.
Among the various methods of water electrolysis, the alkaline water electrolysis system is regarded as technologically one of the most rigorously tested and proven means with a long track record of research and development. Also, it has the advantage of being able to produce large-scale hydrogen and using relatively inexpensive catalysts, making facility costs low.
The aim is to advance stack-related technologies that are at the core of the alkaline water electrolysis system to reduce the cost of building the system and maintaining/operating the system.
Kia and Hyundai Motor will also oversee the test performance of the new stack. A pilot test is planned for next year, and the companies will also explore potential technological applications and commercial arrangements.
Kia is a global mobility brand with a vision to create sustainable mobility solutions for consumers, communities, and societies around the world. Founded in 1944, Kia has manufacturing facilities in six countries, the company today sells around three million vehicles a year.
Source: Kia Press Release
Image Source: Kia Press Release
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