Hyundai moves into marine fuel cell market

Hyundai Motor Company has signed an MoU with HD Korea Shipbuilding & Offshore Engineering and Pusan National University to co-develop a maritime fuel cell system for future liquefied hydrogen carriers.

The consortium’s agreement establishes a joint effort to design, build, and demonstrate a maritime fuel cell system intended for mid- to large-scale liquefied hydrogen (LH2) carriers. The partners plan to combine their respective fuel cell, shipbuilding, and research capabilities to support emerging low-carbon propulsion needs in the shipping sector.

Hyundai Motor Company will develop a fuel cell system optimized for marine use by adapting its existing hydrogen technology for the operational requirements of LH2 carriers. HD Korea Shipbuilding & Offshore Engineering (HD KSOE) will lead the integrated design of a hybrid electric propulsion system that combines a hydrogen dual-fuel engine with Hyundai Motor’s maritime fuel cell. Pusan National University will evaluate and demonstrate the integrated system designed by HD KSOE.

Each partner views the collaboration as an opportunity to build a technical foundation for maritime fuel cell deployment, secure references in larger-scale hydrogen projects, and contribute to the sector’s shift toward reduced-emission operations. The companies stated that the initiative aligns with International Maritime Organization carbon-reduction goals and could support future hybrid propulsion solutions for cleaner shipping.

“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.

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