In January 2017, a group of 13 CEOs and executives gathered in Davos, Switzerland, to launch the Hydrogen Council, with an ambition to "position hydrogen among the key solutions for the energy transition." More than four years later, no one can argue that the initiative is anything but a resounding success. Whether you believe the frenzy is justified or overhyped, hydrogen is now top of mind for anyone with a stake in the global energy transition.
Using our news commentary feature, we have been tracking key developments in the hydrogen sector. These innovation-related events range from partnerships and investments to recent R&D and policies. Each news commentary includes information about the companies involved and our take on the development.
The news trend analysis is one of the main factors shaping the Lux Energy Team's hydrogen outlook for 2021 and beyond. In the below figure, we analyze the Q3 2021 activity in the hydrogen economy.
Here, in a series of six posts, we will take a look back at the "Truly Disruptive" and "Very Important" developments in the hydrogen economy over the past three months in addition to the most read and discussed innovation-related events. In this post, we focus on developments in mobility:
Hyundai to offer BEV, FCEV versions of all commercial vehicles by 2028. It also outlined technical advancements in its upcoming third-generation fuel cell powertrain, including a roughly 30% size reduction, a more than 200% increase in lifetime to roughly 500,000 km, and "eventually" a 50% cost reduction compared to the current second-generation system (presumably once it reaches a certain scale of production).
Renault details commercial FCEV lineup with focus on range and vertical integration. Hyvia, the joint venture between Renault and Plug Power, announced it would launch three fuel cell vehicles (FCEVs) by the end of 2021, with a focus on commercial use cases. Two vehicles are designed for cargo and another to move people, but the company's fuel cell vehicles offer larger battery capacity (33 kWh) and a smaller fuel cell (30 kW) in order to minimize the size and cost of the fuel cell stack.
Nikola receives $2 million from U.S. DOE to develop autonomous hydrogen fueling technologies. The truck company took another shot at the development of hydrogen fueling infrastructure after partnering with TravelCenters of America to install two hydrogen refueling stations. The $2 million project aims to shorten the fueling time of a large onboard hydrogen storage system to less than 20 minutes through automation.
Did you miss the last post in the series? Check out the hydrogen economy updates in industry from Q3 2021 here. Stay tuned for the next post covering Q3 developments in storage and transport.