Hyundai's hydrogen-powered trucks to launch in Switzerland as it looks to establish a case for its zero-emissions technology in a low carbon world
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 subsidises 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 En ergy with industrial gas maker Linde and Swiss power utility Alpiq. End users such as Migros have committed to leasing Hyundai's trucks on pay-per-use contracts which give them mileage, warranty, services, insurance and access to sufficient hydrogen. HHM says its contracts will ensure Hydrospider and filling stations get sensible margins from the start.
Supermarket chain Migros is taking three Xcients and plans to measure their performance against a Mercedes-Benz truck powered by an electric battery, three biogas-fuelled trucks from Italy's Iveco - and diesel.
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