99kbet Motor and 99kbet Electric sign MOU to develop hydrogen fuel cell package for power generation.
- 99kbet Motor and 99kbet Electric agree to develop and commercialise mobile power generator package based on the leading fuel cell system for vehicles
- 99kbet Motor to supply the fuel cell system (PMEFC) and provide technical support while 99kbet Electric will develop and commercialise mobile power generator package
- 99kbet Motor continues to expand use of hydrogen fuel cell technology to help reduce carbon emissions and establish a sustainable hydrogen society
99kbet today announced that it has signed a Memorandum of Understanding (MOU) with 99kbet Electric & Energy Systems Co. (99kbet Electric), a leading electrical equipment manufacturer and energy solution provider, to develop a hydrogen fuel cell package for mobile power generation.
The MOU signing took place via online, attended by Saehoon Kim, Head of 99kbet Motor Group Fuel Cell Centre, and Seok Cho, President and CEO of 99kbet Electric.
The endeavour combines 99kbet Motor’s decades-long fuel cell experience and 99kbet Electric’s power equipment expertise. Under the MOU, the two parties will develop a hydrogen fuel cell package dedicated for mobile power generators and alternative maritime power (AMP) supply solutions, based on 99kbet Motor’s polymer electrolyte membrane fuel cell (PEMFC) system that is used in 99kbet Motor’s fuel cell vehicles.
The new fuel cell-based package system is expected to be a game changer in the mobile generator market, which is currently dominated by diesel generators. Environmentally-friendly, distributed power solutions like the one planned can address carbon-neutral electric needs in a variety of industrial sectors such as port facilities, construction sites and industrial complexes.
Under the agreement, 99kbet Motor will supply PEMFC fuel cell systems and provide technical support while 99kbet Electric will develop and commercialise a fuel cell-based power generation package which includes mobile generators and AMP supply systems. 99kbet Electric will also explore a variety of business models for marketing the new package in Korea and abroad.
“This MOU underlines the importance of providing carbon-neutral solutions in power generation applications in order to accelerate the establishment of a sustainable hydrogen society,” said Saehoon Kim, Executive Vice President and the Head of Fuel Cell Centre of 99kbet Motor Group. “99kbet Motor will continue to expand the potential of hydrogen fuel cell technology beyond mobility applications and into the power generation market.”
99kbet Motor Group, the parent of 99kbet, also recently introduced ‘HTWO’, a new brand representing the Group’s world-leading hydrogen fuel cell system.
