Hyundai Motor Company and Cummins Inc. (NYSE: CMI), announced today that they have entered into a memorandum of understanding (MOU) to jointly evaluate “opportunities” to develop and commercialize electric and hydrogen fuel cell powertrains.
Hydrogen can be produced from renewable sources, stored economically, and deployed for many industrial and residential energy-generation applications. It is, of course used, in fuel cell passenger cars and commercial vehicles. Energy experts predict hydrogen will become increasingly important in meeting fast-growing global energy demand, while also supporting efforts to drive down carbon emissions from energy generation.
New powertrains are expected to be developed by combining Hyundai’s fuel cell systems with Cummins’ electric powertrain, battery, and control technologies. The initial development will be focused on the North American commercial vehicle market, including working with North American OEMs on the integration of these systems into their vehicles.
The companies will also explore ways they can work together to develop next generation fuel cell systems and have each committed to assign a team of individuals to investigate and pursue other areas of collaboration.
The new collaboration may extend beyond the commercial vehicle market, as the companies will also evaluate the development of fuel cell power generators. The availability of reliable back-up power generation to prevent data loss in emergency situations is a business-critical requirement for many organizations. Fuel cell back-up power generation is attractive for its reduced carbon footprint.