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| April 29 |
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Hyundai Motor Wins U.S. Dept. of Energy Contract to Further Research Hydrogen Vehicles |
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(Seoul, Korea) The United States Department of Energy today announced that Hyundai Motor Co. will receive government funding to further its fuel cell vehicle research and development in a five-year demonstration program.
The primary goal of the first phase of this five-year project is to demonstrate a fleet fueling site and educate key audiences about hydrogen as a potential vehicle fuel. In addition, important safety and legal codes and standards for hydrogen refueling technologies will be developed in conjunction with the U.S. federal government and other authorities.
Hyundai is joined by ChevronTexaco, the U.S.'s second-largest energy company, and UTC Fuel Cells, a leader in fuel cell production and development for commercial, transportation, and space applications, in leading the demonstration project.
Other collaborators on the hydrogen demonstration project include Southern California Edison, Hyundai American Technical Center, and New York State Electric and Gas/Rochester Gas and Electric, in addition to the University of California Davis Institute of Transportation Studies, and AC Transit of Oakland, Calif. They will serve as vehicle fleet operators and site hosts for hydrogen fueling and power generation stations.
The initial focus of the project will be on California where hydrogen is an important, emerging part of the state's energy. ChevronTexaco will build up to six hydrogen refueling stations in the Southern California area powering a fleet of Hyundai Tucson Fuel Cell Hybrid Electric Vehicles (FCHEV). The demonstration program will drive the state one step closer to implementing a practical, business-based hydrogen energy infrastructure and associated technologies.
Established in 1967, Hyundai Motor Co. has grown into the Hyundai Automotive Group which includes Kia Motors Corp. and over two dozen auto-related subsidiaries and affiliates. Employing nearly 50,000 people worldwide, Hyundai Motor posted US$21.94 billion in sales in 2002. Hyundai motor vehicles are sold in 166 countries through 4,504 dealerships and showrooms. Further information about Hyundai Motor Co. and its products is available on the Internet at http://www.hyundai-motor.com |
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