Hyundai Announces Agreement with Shell for Hydrogen Infrastructure Development

• Celebrating National Hydrogen and Fuel Cell Day, Hyundai Commitment Supports Hydrogen-powered Fuel Cell Vehicle Sales Growth

•'Project Neptune' Agreement Expands Support of 48 New and Two Upgraded Shell Hydrogen Stations Previously Announced in California

•Station Development Begins in 2021

In celebration of National Hydrogen and Fuel Cell Day for 2021, Hyundai Motor North America (HMNA) has joined Equilon Enterprises LLC (d/b/a Shell Oil Products US), also referred to as Shell Hydrogen, to encourage 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 committed to fuel cell vehicle sales growth supporting the expanding hydrogen infrastructure.

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.

Photo credit: Hyundai
posted on conceptcarz.com

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