Hyundai's hydrogen-powered 18-tonne trucks are set to hit the roads in Swit...
FRANKFURT/ZURICH - Hyundai’s hydrogen-powered 18-tonne trucks are set to hit the roads in Switzerland next month as the South Korean automaker looks to establish a case for its zero-emissions technology in a low carbon world.
And with more than half of Switzerland’s energy coming from hydropower, the country has the potential to extract “green” hydrogen from water with electrolysis, an energy-intensive but carbon-free process if powered by renewable electricity. While hydrogen has long been vaunted as a potential alternative to fossil fuels, expectations that fuel cells will have a role to play as the world decarbonises has helped push hydrogen-linked stocks to their highest in over a decade.For now, Hyundai is relying on government tax breaks for fuel cell trucks and its own subsidizes to help make them economically viable for its partners: the end users, filling stations and green hydrogen suppliers.
In Switzerland, HHM, the leasing unit set up by Hyundai and Swiss startup H2 energy, has partnered with Hydrospider, a joint venture of H2 Energy with industrial gas maker Linde and Swiss power utility Alpiq.
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