Kia Corporation and Hyundai Motor Company have signed a memorandum of understanding with the Canadian company, Next Hydrogen Corporation, specializing in water electrolysis technology and a subsidiary of Next Hydrogen Solutions Inc.
Under the agreement, the companies will jointly develop an alkaline water electrolysis system and its related stack for the purpose of generating green hydrogen economically and exploring new business opportunities and technological applications.
“We are pleased to partner with Next Hydrogen specializing in state-of-the-art water electrolysis technology. This partnership is another leap forward for our hydrogen business and will be our first step into the alkaline water electrolysis market,” said Jae-Hyuk Oh, Vice President and Head of Energy Business Development Group at Hyundai Motor Group.
The companies will jointly develop an alkaline water electrolysis system.
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.
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.
The newly developed stack will use Kia and Hyundai Motor’s component technology related to electrodes, bipolar plates and current collectors, combined with Next Hydrogen’s design technology. A pilot test is planned for next year, and the companies will also explore potential technological applications and commercial arrangements.
“Next Hydrogen’s innovative water electrolysis stack design technology is an ideal solution for enabling the economical production of green hydrogen. This partnership is expected to accelerate efforts to address the incredible emerging opportunities in sustainable transportation globally,” said Raveel Afzaal, President and CEO, Next Hydrogen.
Among the varieties of hydrogen produced by different methods, the conveniently called “green” hydrogen is one of the cleanest varieties, generating zero carbon emissions, as it is produced using water electrolysis powered by renewable energies such as offshore wind. Hailed as the “fuel of the future” for its eco-friendliness, green hydrogen has the potential to revolutionize the world’s industrial and transport sectors.