Hyundai Motor Company has signed a memorandum of understanding (MoU) to co-develop a maritime fuel cell system in partnership with shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and Pusan National University (PNU). This is the company’s first step into the maritime industry, as it seeks to bring its clean-energy expertise beyond automobiles and into new sectors.
The project will integrate hydrogen dual-fuel engines with a fuel cell system to create an advanced hybrid electric propulsion system and other technologies for mid- to large-scale liquefied hydrogen carriers. The aim is for the fuel cell system to reduce maritime emissions in compliance with IMO carbon regulations.
“This collaboration marks an important first step toward achieving carbon neutrality and expanding a sustainable global maritime industry. By combining Hyundai Motor Company’s hydrogen fuel cell technology, HD Korea Shipbuilding & Offshore Engineering’s expertise in shipbuilding and maritime sectors, and Pusan National University’s research capabilities in hydrogen-powered vessels, we aim to set a new standard for future marine mobility,” said Ken Ramírez, executive vice president and head of Hyundai Motor Group’s energy and hydrogen business division.
Under the MoU, Hyundai Motor Company will develop a fuel cell system optimized for marine applications based on its existing fuel cell technology; HD KSOE will carry out the integrated design of a hybrid electric propulsion system consisting of a hydrogen dual-fuel engine and Hyundai’s maritime hydrogen fuel cell; and PNU will conduct evaluation and demonstration of the system designed by HD KSOE.
The goal is to develop propulsion systems that align with the IMO’s carbon reduction targets. By adapting Hyundai Motor’s fuel cell technology for potential maritime applications, the partners seek to deliver practical hybrid propulsion solutions that help reduce emissions and support more sustainable shipping practices.
Hyundai says that by collaborating with HD KSOE, a leading global shipbuilder, it can establish a technical foundation for the maritime fuel cell system, gain valuable market references through mid- to large-scale projects, and strengthen its position in the burgeoning hydrogen economy.
The project reflects Hyundai Motor’s vision of ‘progress for humanity’ as it works toward cleaner mobility solutions. By combining expertise across industries and leveraging Hyundai Motor Group’s HTWO hydrogen brand and business platform, the MoU reportedly creates opportunities for future collaboration with governments, industry stakeholders and shipping companies to reduce emissions in maritime operations.
In related news, Baleària to pioneer methanol-powered hydrogen generation on electric ferry