Posts Tagged ‘clean energy’

Kia Corp and Hyundai Motor Find New Ways to Store Energy

Friday, September 17th, 2021

Here’s an interesting story. With all of the automotive technology and startups in the world, there is a lot of potential for electric vehicles and even self-driving vehicles in the very near future. Some automakers, Kia Corp and Hyundai Motor and Co included (the Group) have been pushing the envelope to go a step further for some time now with hydrogen fuel cell vehicles. Now, the Group is working on clean, free energy. Or at least, that’s how it seems. The below project sounds very reminiscent of a certain clean energy project pulled off by a certain Japanese automaker, Hitachi Europe LTD, and ENGIE, the largest natural gas distribution network in Europe. There’s nothing like some healthy competition.

Like the aforementioned project, this takes three players – OCI Solar Power, one of the largest utility-scale solar energy developers in Texas; CPS Energy, the nation’s largest municipally-owned, fully-integrated electric and natural gas utility; and the Hyundai Motor Group, a South Korean multinational automotive group that consists primarily of the Hyundai Motor Company and Kia Corporation. The three parties signed a Memorandum of Understanding (MOU) with the intent to use recycled electric vehicle (EV) batteries and use them as devices for energy storage. Yep, very familiar.