With the signing of an agreement to develop this technology, hydrogen forklifts could become a prominent product from Hyundai Construction Equipment in the near future.

This ambition was formalized with the signing of a memorandum of understanding (MoU) with S Fuel Cell to build a one to three tonne hydrogen forklift.

This is projected to be commercialized by 2023, once the necessary infrastructure in South Korea has been built.

By agreeing to collaborate on the development of this new hydrogen forklift, both companies are not only aiding the energy transition but also giving a solution to warehouse logistics.

As part of the arrangement, Hyundai Construction will be in charge of producing hydrogen forklifts, power pack management and communication systems, while S Fuel Cell will concentrate on developing and manufacturing hydrogen fuel cell power packs.

The two companies will collaborate to build a hydrogen fuel cell power pack for forklifts that can operate for up to 8 hours on a single charge.