Hyundai Motor finds itself at a crossroads as it contemplates increasing expenditures to salvage Hydrogen Energy Network (HyNet), a struggling operator of hydrogen charging stations. With Korea Gas Corp. (KOGAS) refusing further financial assistance, Hyundai faces mounting pressure to support the floundering venture.
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Hyundai Motor finds itself at a crossroads as it contemplates increased financial commitments to salvage Hydrogen Energy Network (HyNet), a struggling operator of hydrogen charging stations.
The race to harness the potential of hydrogen as a clean energy carrier is in full swing, with ambitious projects unfolding across Europe.
The ambitious HyNet project, aimed at establishing a hydrogen economy in the UK, is at risk of stalling due to government uncertainty, according to Chris Manson-Whitton, CEO of Progressive Engineering and co-ordinating partner of the HyNet plan.
With the announcement of a cooperation with HyNet, one of the UK’s top government-backed industrial decarbonization initiatives, Manchester Airport has disclosed intentions to become the first airport in the country to have a direct supply of low carbon hydrogen fuel.
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