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BMW and Toyota have just announced a partnership to make hydrogen powerered EVS mainstream all well Hyundai is in talks with Toyota for hydrogen collaboration at the same time we see headlines calling green hydrogen hype and fading so what's really going on on today's episode we'll break it all down and try to make some sense of it all hi I'm Steve Hill CEO of new hydrogen let's Jump Right In
First up the Wall Street Journal is reporting that automotive industry heavyweights BMW and Toyota will partner to develop hydrogen fueled electric cars in a push to turn an Emerging Market into a mass Market BMW says that it will release hydrogen powered versions of one of its existing model lines in 2028 as part of its strategy which Toyota shares to broaden its reach with various fuel types BMW and Toyota's hydrogen cars will use powertrains which contain the
Engine and transmission developed in tandem by the companies according to a joint statement also this week just auto.com is reporting that Toyota and Hyundai are set to discuss a potential collaboration focused on hydrogen technology this partnership would Advance the development and deployment of hydrogen fuel cell systems which both companies see as key components of future sustainable Mobility solutions from both of these reports one thing is definitely clear major automakers are betting that hydrogen in some form
Will be part of their offering and as early as 2028 by collaborating they're leveraging each company's strengths to accelerate hydrogen Innovation and commercialization so is green hydrogen just hype despite some media skepticism the facts suggest otherwise industry collaborations are ramping up and while green hydrogen is still more expensive than conventional hydrogen it's playing a critical role in global decarbonization for example the EU is mandating a shift to Green hydrogen across sectors like Aviation and shipping meanwhile
Innovations like new hydrogen's thermal ThermoLoop technology could be a game-changer unlocking cheaper green hydrogen and unleashing demand across Industries check us out at newhydrogen.com for more info if successful ThermoLoop would solidify the ambitious plans made by automakers governments and other stakeholders with the global green hydrogen Market projected to grow from $1 billion today to a reported $30 billion by 2030 the opportunity for breakthrough Technologies like ThermoLoop is huge in conclusion while
Green hydrogen has its challenges ongoing Partnerships and technological breakthroughs suggest a brighter future major automakers like BMW Toyota Hyundai and others are positioning themselves for a hydrogen powered future while regulatory pressures are driving demand for cleaner fuels with Innovations like ThermoLoop on the horizon we could see the cost barriers of green hydrogen fall opening a new wave of commercial opportunities thanks for tuning in to to this week's news commentary To learn more about new hydrogen and Our thermal ThermoLoop technology Visit us at new hydrogen. Thanks and we'll catch you again next week