Alan Ohnsman on Forbes reports on Hyundai’s latest efforts to create a cheaper hydrogen fuel cell.
- Hyundai has announced that they will unveil a hydrogen fuel cell in 2023 that is 50% cheaper, 30% smaller, and twice as powerful as its current version.
- The Korean car manufacturer is hoping to use these fuel cells in trains, ships, and potentially airplanes.
- In 2018 alone Hyundai spent over $7 billion to to commercialize hydrogen technology.
- Hyundai’s technological leadership shows that the free market is best equipped to tackle our greatest energy and environmental challenges.
“Fuel-cell and battery-powered vehicles are both electric, sharing the same motors and many other components. The key difference is batteries store electricity and fuel cells make it onboard as needed, in an electrochemical process that extracts electrons from hydrogen forced through fuel-cell membranes. Aside from electricity, the only byproduct is water vapor.”
Read the full article here.