South Korean auto making giant Hyundai brought its zero-emission commercial vehicles to European roads with the delivery of the first seven hydrogen-powered trucks to customers in Switzerland. The company is scheduled to deliver 50 such vehicles to te country this year.
Because of the ability to run for greater distances on a single unit of electric power and the need for less charging times, therefore hydrogen-powered trucks have an advantage over electric rivals in the case of long haul fleets, say analysts. But manufacturing such vehicles is expensive which has prevented their uptake and mass production.
But after one factors in the lifetime costs of a truck and relative efficiencies of the power sources, a cost parity with diesel powered long haul vehicles can be reached by green hydrogen powered ones by 2030, said a McKinsey study in January,
The work of building a value chain that covers the production of green hydrogen power from hydropower, hydrogen charging stations and the service and maintenance of the green powered trucks is being carried out by Hyundai in partnership with Swiss companies.
Backed by the new hydrogen infrastructure, the clients for the new green trucks, which include the supermarket chain Migros, plan to lease the new trucks from Hyundai Hydrogen Mobility (HHM) and use them for transporting goods across the country.
The leases are based on a pay-per-use system and hence do not involve any initial investments. Hyundai targets to deliver about 1,600 trucks on the roads of Switzerland by 2025.
With seven high-pressure tanks holding 32 kgs of hydrogen, the H2 Xcient trucks from Hyundai are equipped with a 190 kilowatt fuel cell stack which gives the vehicles arrange that is far further compared to an any of the comparable vehicles available on in the market now that are powered by electric batteries.
Last year, Hyundai and Swiss startup H2 energy set up HHM to enter into a partnership with Hydrospider, which itself is a joint venture between H2 Energy, industrial gas maker Linde and Swiss power utility Alpiq.
With increased demand growth for clean transport, Hyundai wants to expand its presence in the segment and has plans for achieving a production capacity of 2,000 units of Xcient fuel cells per year by 2021 so tat it is able to logistically support its expansion plans.
According to In Cheol Lee, executive vice president and head of the commercial vehicle division at Hyundai Motor Company, for the South Korean company, Switzerland is attest case for its technology of the use of hydrogen fuel cells in heavy goods transport.
"With successful delivery of the first H2 Xcient fuel cell trucks, we proudly announce our plan to expand beyond Europe to North America and China, where we are already making great progress," he said.
The next target for Hyundai in Europe includes Austria, Germany, the Netherlands and Norway, Hyundai has said.
(Suorce:www.businessworld.in)
Because of the ability to run for greater distances on a single unit of electric power and the need for less charging times, therefore hydrogen-powered trucks have an advantage over electric rivals in the case of long haul fleets, say analysts. But manufacturing such vehicles is expensive which has prevented their uptake and mass production.
But after one factors in the lifetime costs of a truck and relative efficiencies of the power sources, a cost parity with diesel powered long haul vehicles can be reached by green hydrogen powered ones by 2030, said a McKinsey study in January,
The work of building a value chain that covers the production of green hydrogen power from hydropower, hydrogen charging stations and the service and maintenance of the green powered trucks is being carried out by Hyundai in partnership with Swiss companies.
Backed by the new hydrogen infrastructure, the clients for the new green trucks, which include the supermarket chain Migros, plan to lease the new trucks from Hyundai Hydrogen Mobility (HHM) and use them for transporting goods across the country.
The leases are based on a pay-per-use system and hence do not involve any initial investments. Hyundai targets to deliver about 1,600 trucks on the roads of Switzerland by 2025.
With seven high-pressure tanks holding 32 kgs of hydrogen, the H2 Xcient trucks from Hyundai are equipped with a 190 kilowatt fuel cell stack which gives the vehicles arrange that is far further compared to an any of the comparable vehicles available on in the market now that are powered by electric batteries.
Last year, Hyundai and Swiss startup H2 energy set up HHM to enter into a partnership with Hydrospider, which itself is a joint venture between H2 Energy, industrial gas maker Linde and Swiss power utility Alpiq.
With increased demand growth for clean transport, Hyundai wants to expand its presence in the segment and has plans for achieving a production capacity of 2,000 units of Xcient fuel cells per year by 2021 so tat it is able to logistically support its expansion plans.
According to In Cheol Lee, executive vice president and head of the commercial vehicle division at Hyundai Motor Company, for the South Korean company, Switzerland is attest case for its technology of the use of hydrogen fuel cells in heavy goods transport.
"With successful delivery of the first H2 Xcient fuel cell trucks, we proudly announce our plan to expand beyond Europe to North America and China, where we are already making great progress," he said.
The next target for Hyundai in Europe includes Austria, Germany, the Netherlands and Norway, Hyundai has said.
(Suorce:www.businessworld.in)
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