Hyundai Motor Co.’s funding in Hydrogenious LOHC Applied sciences GmbH in Might 2020 is the start of a complete cooperation between the 2 corporations. The funding is related with a joint know-how and enterprise growth settlement for stationary and on-board LOHC-systems.
With the participation in Hydrogenious LOHC Applied sciences, Hyundai Motor Co. plans to deploy and market Liquid Natural Hydrogen Service (LOHC) know-how. The joint advertising and enterprise growth actions will initially deal with South Korea.
“We’re dedicated to demonstrating the advantages of LOHC know-how to each authorities and finish customers. Our purpose is to ascertain LOHC as hydrogen vector throughout the broader South Korean ambitions of constructing a nationwide hydrogen infrastructure,” stated Yunseong Hwang, VP of Open Innovation Funding Group at Hyundai Motor Co.
After an preliminary part, each events plan to increase the cooperation and to merge with Hyundai’s hydrogen actions in Europe.