Hyundai Joins Shell's 'Project Neptune' For Hydrogen Infrastructure Development
Shivani Kumaresan
Fri, October 8, 2021
Hyundai Motor Company (OTC: HYMTF) announced Hyundai Motor North America (HMNA) has partnered with Equilon Enterprises LLC (Shell Hydrogen) to encourage the growth of hydrogen refueling infrastructure in California.
The agreement, known as Project Neptune, supports Shell Hydrogen's construction of 48 additional and two upgraded hydrogen refueling stations across California beginning in 2021.
As its part, Hyundai has committed to fueling cell vehicle sales growth, supporting the expanding hydrogen infrastructure.
The new hydrogen stations will be partially funded by public funds from the California Energy Commission (CEC).
In March 2021, Hyundai signed a new five-year Global Business Cooperation Agreement with Royal Dutch Shell plc (OTC: RYDAF) to expand collaboration on clean energy solutions.
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