Hyundai Motor, Shell Hydrogen inks MoU for H2 infra development in California
Hyundai Motor North America (HMNA) has announced that it has joined Equilon Enterprises LLC, also referred to as Shell Hydrogen, to encourage the growth of the hydrogen refueling infrastructure in California. The agreement, known as Project Neptune, supports Shell Hydrogen's construction of 48 additional and two upgraded hydrogen refueling stations across the eco-leading Golden State beginning in 2021. In its portion of the agreement, Hyundai has pledged to fuel cell vehicle sales growth supporting the expanding hydrogen infrastructure.
"We're proud to join Shell Hydrogen's 'Project Neptune', expanding California's hydrogen infrastructure to meet increasing consumer demand for clean, zero-emission transportation solutions. Hyundai offers a superb fuel cell vehicle in its NEXO SUV, and this effort will help ensure that every eco-focused fuel cell driver has convenient refueling options wherever they choose to go," said Olabisi Boyle, Vice President of Product Planning and Mobility Strategy, Hyundai Motor North America.
Hydrogen refueling infrastructure growth is critical to rapidly increase consumer adoption of zero-emission fuel cell vehicles. By joining Project Neptune, Hyundai reinforces its commitment to fuel cell technologies and their positive impact on the environment, a key pillar of its long-range strategic vision. The new hydrogen stations will be partially funded by public funds from the California Energy Commission (CEC). Two other fuel cell vehicle manufacturers have also joined the consortium with respective agreements for fuel cell vehicle sales to support infrastructure growth.
This agreement with Shell Hydrogen furthers Hyundai's global relationship with the energy company. In March 2021, Hyundai Motor Company signed a new five-year Global Business Cooperation Agreement with Royal Dutch Shell plc to expand collaboration on clean energy solutions.