Hyundai Motor Company, Hyundai Global Service and Korean Register (KR) have signed a memorandum of understanding (MoU) to develop as well as commercialise hydrogen fuel cell propulsion systems for marine ships.
This agreement marks Hyundai Motor’s debut partnership on the application of its fuel cell-powered technology in shipbuilding.
This collaboration will create a platform for the partners to identify and assess business prospects for fuel cell-powered vessels.
According to the agreement,...