Yahoo Finance published this video item, entitled “Hyundai doubles down on hydrogen to reach carbon neutrality” – below is their description.
“In an industry dominated by ambitions to go all-electric using battery power, Hyundai (HYMTF) is opting to go all-in on hydrogen.
The South Korean company unveiled its ambitions at CES 2024 in Las Vegas with a vow to own the entire hydrogen stack, from production and storage to transportation and utilization. It aims to do that by first using animal waste and plastics to produce clean-burning fuel.
“”We are going [toward] zero emission, and renewable energy needs a buffer system because the sun doesn’t shine at night,”” Martin Zeilinger, head of Hyundai’s commercial vehicle tech unit, told Yahoo Finance Live.
“”We sometimes have snow, wind. We have to store the energy we produce, and we believe that hydrogen can play a major role in that.””
Hyundai is among a handful of carmakers that have embraced hydrogen, including Toyota (TM) and General Motors (GM). The company first unveiled its hydrogen-powered fuel cell vehicle Nexo at CES in 2018 and now claims the largest market share in the space.
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