New Renault joint-venture to develop hydrogen-powered vans
A joint venture between Group Renault and Plug Power will focus on the development of a new range of alternative fuel vans. By developing the vans, fuel and refuelling infrastructure, the companies aim to secure a 30 per cent share of the European fuel cell-powered van market.
The venture will first focus on the Trafic and Master platforms with the aim of deploying the first vans into pilot fleets later in 2021.
Renault CEO, Luca de Meo, said, “This joint-venture project is fully aligned with our strategy to offer market-ready H2 solutions for LCVs. With Plug Power, we will build a unique end-to-end fuel cell value chain and offer turnkey solutions for customers including vehicles, refuelling stations and decarbonised hydrogen delivery.”
Part of the project is to establish a unique Innovation Centre for the development of fuel cell technology and hydrogen fuel cell LCV vehicles based on existing and future Group Renault platforms.