Hyundai Motor Company and Kia Corporation have signed an MOU with Next Hydrogen Corporation bolstering their efforts to usher in a global hydrogen society through cost-effective production of clean hydrogen.

Under the agreement, the companies will jointly develop an alkaline water electrolysis system and its related stack for the purpose of generating green hydrogen economically and exploring new business opportunities and technological applications.

Today it is expensive and time consuming to produce clean hydrogen. Due to this reason, Hyundai Motor, Kia, and Next Hydrogen are looking to improve the price competitiveness of clean hydrogen in consideration of regional climate and environmental characteristics. The companies, which are expanding their base by examining the strengths and weaknesses of various water electrolysis technologies, agreed to explore the possibility of alkaline water electrolysis system among various water electrolysis technologies this time.

Among the various methods of water electrolysis, the alkaline water electrolysis system is regarded as technologically one of the most rigorously tested and proven means with a long track record of research and development. Also, it has the advantage of being able to produce large-scale hydrogen and using relatively inexpensive catalysts, making facility costs low.

The aim is to advance stack-related technologies that are at the core of the alkaline water electrolysis system to reduce the cost of building the system and maintaining/operating the system. The key benefit to be derived from the project is that by enhancing the performance of stack-related technologies in the alkaline water electrolysis process, it will be possible to develop a new stack which can be operated at high current density and produce green hydrogen economically.

The newly developed stack will use Hyundai Motor and Kia’s component technology related to electrodes, bipolar plates and current collectors, combined with Next Hydrogen’s design technology. Hyundai Motor and Kia will also oversee the test performance of the new stack. A pilot test is planned for next year, and the companies will also explore potential technological applications and commercial arrangements.

“Next Hydrogen’s innovative water electrolysis stack design technology is an ideal solution for enabling the economical production of green hydrogen,” said Raveel Afzaal, President and CEO of Next Hydrogen. “We are extremely appreciative of the opportunity to work with Hyundai Motor and Kia, given their industry leadership as champions of this technology. This partnership is expected to accelerate efforts to address the incredible emerging opportunities in sustainable transportation globally.”