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Renault’s logo is seen at a dealership in Vertou, near Nantes, France, on January 13, 2021. STEPHANE MAHE/REUTERS (Reuters) – PARIS, July 6 (Reuters) – The HYVIA hydrogen joint venture between Renault (RENA.PA) and Plug Power (PLUG.O) will sell goods across Europe and begin manufacturing fuel cells and hydrogen refueling stations in late 2021 at the Flins factory in France. By the end of 2021, the HYVIA venture plans to deliver a variety of three fuel-cell powered Master Large Van models, according to a statement released on Tuesday. “HYVIA provides turnkey mobility solutions based on green hydrogen production, storage, and distribution, as well as a large range of H2 LCVs. These solutions will satisfy the emerging needs of enterprises, major accounts, fleets, and local communities, and will help to accelerate the energy transition “David Holderbach, president of HYVIA, said As part of the auto industry’s aim to become more ecologically friendly, carmakers around the world, such as Renault, are focusing more on electric vehicles and hydrogen. Renault launched a more ambitious electric vehicle (EV) plan last month, counting on new, affordable versions of its iconic tiny cars from the past to catch up to Volkswagen (VOWG.DE) in the fast-growing segment. find out more Last month, General Motors (GM.N) said that it would supply electric batteries and hydrogen fuel cell systems for Wabtec Corp’s (WAB.N) locomotives, broadening the automaker’s reach outside the automotive industry. find out more Hydrogen vehicles are also classified as electric vehicles, however they use a fuel cell to convert hydrogen into electricity on board the vehicle. In Europe, where EU environment ministers want truck CO2 emissions lowered by a third by 2030 from 2019 levels, threatening diesel bans and heavier taxes while promising up to 75% lower road tolls for greener vehicles, hydrogen has risen to the fore. Fuel cell electric vehicles, which are powered by on-board hydrogen and are more expensive than battery electric vehicles, could profit from Europe’s goal to establish a world-leading sector around hydrogen technology. find out more Gilles Guillaume contributed reporting, while Sudip Kar-Gupta edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More

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