HYMTF - Hyundai Motor and Kia join hands with Next Hydrogen to produce clean hydrogen

Hyundai Motor ([[HYMTF]] -2.0%) and Kia sign a MOU with Next Hydrogen to develop an advanced alkaline water electrolysis system that helps produce green hydrogen economically.Next Hydrogen is a Canadian company specializing in water electrolysis technology and a subsidiary of Next Hydrogen Solutions.The companies aim to develop a more efficient stack for the system, and explore potential technological applications and commercial arrangements in the future“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. We believe our technology will be an excellent match for Next Hydrogen's technology, and this synergy will help achieve our goal to provide our customers with cost-effective green hydrogen.” said Jae-Hyuk Oh, VP and Head of Energy Business Development Group at Hyundai Motor Group.

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Hyundai Motor and Kia join hands with Next Hydrogen to produce clean hydrogen