Groupe Renault and Plug Power join forces to become leader in hydrogen LCV

Groupe Renault and Plug Power join forces to become leader in hydrogen LCV

12.01.2021: Memorandum Of Understanding (MOU) signed to launch a 50-50 joint-venture (JV) based in France by the end of the first half of 2021, targeting over 30% share of the fuel cell-powered light commercial vehicle (LCV) market in Europe.


    Memorandum Of Understanding (MOU) signed to launch a 50-50 joint-venture (JV) based in France by the end of the first half of 2021, targeting over 30% share of the fuel cell-powered light commercial vehicle (LCV) market in Europe.


    Joint-venture will establish in France state-of-the-art innovation and manufacturing capabilities for hydrogen fuel cell systems and their integration in vehicles.  


    The partnership provides a unique value proposition: turn-key fuel cell vehicle solutions with hydrogen fuel, refueling infrastructures and services.  


    This strategic project supports the decarbonization of mobility in Europe with the adoption of clean energy solutions, and the creation of innovating value-generating activities in France, including an industrial footprint in a promising market, business know-how and intellectual property in this new field of technology




Groupe Renault, top automotive player, and Plug Power Inc. (NASDAQ: PLUG), global leader in fuel cell systems and hydrogen related services, announced the signature of a Memorandum Of Understanding (MOU) to launch a 50-50 joint-venture based in France by the end of the first half of 2021.



This strategic JV will position Groupe Renault and Plug Power to become key players in Europe in the research and development (R&D), transformation, manufacturing and sale of fuel cell-powered vehicles and hydrogen turn-key solutions in the coming years. This joint-venture platform will serve the fast-growing market of fuel cell light commercial vehicles, taxis, and commercial people transportation.



Bringing complementary and competitive strengths together, this joint venture will build on Groupe Renault’s pioneering experience in new energies and strong position in electric light commercial vehicles and on Plug Power’s 20 years of experience in fuel cell technologies and hydrogen solutions.



A global leader in hydrogen ecosystem solutions, Plug Power has deployed over 40,000 fuel cell systems, designed and built 110 refueling stations that dispense more than 40 tons of hydrogen daily, and is a technology leader in green hydrogen solutions via electrolysis.  




The company intends to offer unique, comprehensive, differentiated products and solutions to the LCV market, designed around 3 key pillars:




    R&D: Groupe Renault and Plug Power intend to establish an Innovation Center for the development of fuel cell technology and hydrogen fuel cell LCV vehicles based on existing and future Groupe Renault platforms. The initial focus will be on the heavy van segment utilizing the Trafic and Master vehicle platforms. This center will be unique in combining R&D efforts of fuel cell and vehicles with integrated engineering teams.   



    Manufacturing: the joint-venture will combine the vehicle manufacturing capabilities of Groupe Renault with the fuel cell and hydrogen system manufacturing knowledge of Plug Power, establishing a vertically integrated fuel cell stack and system manufacturing center in France for integration into LCV vehicle platforms. In addition, this manufacturing center will provide hydrogen refueling systems, a key part of the hydrogen ecosystem.



    Sales: this partnership will create a hydrogen vehicle eco-system solution company that offers vehicles, hydrogen fueling stations, hydrogen fuel, and services to customers. This comprehensive solutions approach will accelerate adoption by commercial fleets.



The JV will start commercializing fuel cell LCV’s in Europe starting in 2021 with pilot fleet deployments.



    Luca de Meo, CEO of Renault, declared:
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, refueling stations and decarbonized hydrogen delivery. With this project, our ambition is to position France as a bridgehead of industrial, technical and commercial development in this key technology, and to strengthen our leadership in Europe as our objective is to become the European leader in fuel cell LCV.



    Plug Power prides itself on being at the leading edge of innovation in the hydrogen fuel cell industry, which is why we are thrilled to partner with Groupe Renault to become a leader of market fuel cell heavy vans in Europe. We look forward to working with our new partners to combine our technology with their decades long experience leading the European automotive market, added Andy Marsh, CEO of Plug Power.



Groupe Renault and Plug Power will provide the stand-alone joint-venture with the required resources to achieve its objectives. Finalization of this joint venture project is pending on the conditions normally applicable to this kind of operation, among which the presentation to employee representative bodies in accordance with applicable regulations and the potential clearance from the relevant competition authorities and should be completed by the end of the first half of 2021.






Delphine DUMONCEAU-COSTES

Permanent-URL: http://www.automobilsport.com/renault-groupe-plug-power-mou-leader-hydrogen-lcv---218163.html

12.01.2021 / MaP

More News

All−New Ford F−150 and Mustang Mach−E Earn North American Truck and Utility of the Year
12.01.2021
    All-new, all-electric Mustang Mach-E and the all-new Ford F-150 are named 2021 North American Utility and Truck of the Year by a 50-member independent jury of print and broadcast journalists from the U.S. and Canada    The winning vehicles are benchmarks in their segments based on factors including innovation, design, safety, han more >>
Lexus celebrates the 10 years anniversary of the LFA
12.01.2021
Ten years have passed since the start of production of the LFA, an authentic supercar that revealed a new aspect of Lexus as a committed and visionary manufacturer of world-class high-performance cars.For all its exclusivity and rarity – from the outs more >>
Subaru SA to introduce more powerful 2021 Forester line-up
11.01.2021
•    More powerful 2.5-litre Boxer® engine added•    New Sport trim adds distinctive stylingSlated for local launch in March 2021, Subaru Southern Africa will introduce the MY2021 Subaru Forester wit more >>
New initiative - German Automotive Industry intensifies links to Africa
11.01.2021
The German automotive industry sees potential in Africa and strengthens its ties to the continent. The German Association of the Automotive Industry (VDA) joined hands with the African Association of Automotive Manufacturers (AAAM) as part of the “PartnerAfrica” project of the German Federal Ministry for Economic Cooperation and Development (BMZ). &nb more >>
Groupe Renault announces appointment within Alpine
11.01.2021
Groupe Renault announces the appointment of Laurent Rossi, Director of Strategy and Business Development of Groupe Renault, as Chief Executive Officer of the Alpine brand, effective January 11, 2021. Laurent Rossi will take charge of Alpine Cars, Sport, F1 and more >>
10 car accessories to keep you going in the cold
11.01.2021
10 car accessories to keep you going in the cold    Filomena is in the air in Europe and the drop in temperature has left snowfall across the continent    As this winter is expect more >>
New Skoda Auto SUV for the Indian market is named Kushaq
09.01.2021
› The spelling with “K” and “Q” conforms to the ŠKODA KODIAQ, KAROQ and KAMIQ SUV nomenclature› “Kushak” means king or emperor in the ancient Indian language of Sanskrit› World premiere of the first production model based on the MQB-A0-IN platform specifically developed for the Indian mar more >>
Bentley introduces Digital Commissioning Experience
08.01.2021
    Personalised online experience launched to allow owners to continue to tailor cars to their own tastes    Up to 10 billion possible product configurations per model - Using the Bentley configurator ensures an i more >>
The African Association of Automotive Manufacturers (AAAM) applauds the launch of the AfCFTA
07.01.2021
The Africa Continental Free Trade Agreement (AfCFTA) which was finalised at the virtual African Union Summit in December, is an important milestone for the realization of the AAAM’s vision of building a successful automotive ecosyst more >>
Kia unveils new logo and global brand slogan to ignite its bold transformation for the future
06.01.2021
    Kia celebrates its new face and slogan, declaring the brand’s future transformation       The new logo features ‘symmetry’, ‘rhythm’ and ‘rising’ elements that embody Kia&rs more >>
Hyundai Motor Group Chairman Calls Year 2021 ‘Inflection Point for Future Growth’
04.01.2021
    Chairman Euisun Chung stresses 2021 will be year of great transformation of Hyundai Motor Group into a new growth engine    Group to purse uncompromising perfection in quality and safety    The year 2021 will be a crucial more >>
SEAT - 20 reasons to believe
28.12.2020
    SEAT shows its capacity to reinvent itself in 2020 in an atypical, unexpected year    The company celebrated its 70th anniversary with the announcement of a 5 billion euro investment plan for the period 2020-2025    SEAT will look back on 2020 as the year in which it began electrifying the range w more >>
“Timo’s Discovery”: BMW works driver Timo Glock takes on a connectivity challenge.
28.12.2020
As part of a video series, BMW works driver Timo Glock (GER) takes his viewers on a discovery tour through numerous exciting areas of activity and projects within the BMW Group. ‘Timo’s Discovery’ offers exclusive looks behind the scenes. In episode 3, Glock takes on a challenge where he learns all about the connectivity features in the latest generation. more >>
Polestar reflects on 2020 as a year of opportunity and growth
22.12.2020
    Polestar operational in ten global markets with 40 spaces now open       Polestar 2 successfully launched with extremely positive press reception and customer deliveries in all markets more >>
CALLUM creates a Christmas special with zirconia ceramic 3D printed car bauble
22.12.2020
Thousands of inkjet nozzles simultaneously jet millions of ultrafine drops to create unique Christmas tree decoration, pointing to further uses of the technology in the car   Christmas might typically be a time for long-held traditions but in 2020, more >>
Acura Now Offers Non-Certified Used-Vehicle Inventory Online
21.12.2020
    Enhanced AcuraCertified.com now features Acura used-vehicle options    Upgraded sales portal makes the Acura used-vehicle shopping experience more streamlined, especially for first-time and younger buyers entering premium segment more >>
Aston Martin announces new partnership with Semler Premium Sweden
21.12.2020
    Aston Martin to open new dealership in Stockholm in February 2021       Aston Martin’s first SUV, the DBX enters the Swedish market    Semler Premium expand Swedish more >>
Bentley sleighs the competition with “The Reindeer Eight”
20.12.2020
    World famous celebrity commissions festive edition of the new Flying Spur V8 from Bentley Mulliner    542 bhp (550 PS) a significant upgrade for the customer, more used to 8 brp (Brake Reindeer Power)   more >>
Ford Christmas Pick-up for the Animals of ZSL Whipsnade
20.12.2020
Christmas has come early for the animals at ZSL Whipsnade Zoo, which has taken delivery of two Ford Ranger Raptors.The tiger-liveried Raptors are being put to good use across the UK’s largest zoo, tasked with feeding some of its 3,500 animals, many of which are Endangered or more >>
BMW launches company car driver loyalty scheme pilot.
20.12.2020
• BMW launches UK’s first corporate customer loyalty scheme: Inside Edge • Designed to improve BMW driver’s life on the go and at home • Full programme will launch in Q1 2021 and will be open to anyone who drives a BMW through their employer. more >>
Polaris proud to support The Grand Tour
20.12.2020
Amazon Prime Video’s The Grand Tour, hosted by Jeremy Clarkson, Richard Hammond and James May, is one of the most popular motoring TV shows worldwide. Broadcasted throughout more than 240 territories worldwide, this series of specials sees the team take on expeditions across some of the most remote and exotic parts of the world. more >>
Porsche Driving thoughts: increasing inclusivity in motorsport
20.12.2020
Porsche ‘Driving thoughts’ series, racing driver Nathalie McGloin explains why disability shouldn’t be an obstacle to hitting the track – and how she is breaking down the barriersIn a handful of years Nathalie McGloin has risen from trackday enthusiast to one of the most influential figures in contemporary motorsport. Her story is more >>
Ford Wildlife Foundation Sponsors EWT Team in 2020 Rhino Peak Challenge
18.12.2020
•    Ford Wildlife Foundation contributed R66 000 to the Endangered Wildlife Trust (EWT) team’s Rhino Peak Challenge fundraising campaign•    Three teams of 12 participants each ascended the 3 000m high Rhino Peak in the Southern Drakensberg in extreme weather to raise funds for projects related to rhino, vulture and crane more >>
Lincoln Expands Sleek, Monochromatic-Inspired Package to 2021 Navigator Black Label Edition
18.12.2020
    The Lincoln Motor Company offers a new way for clients to personalize their vehicle with the first Black Label Special Edition Package, debuting on the 2021 Navigator    The Black Label package includes unique details suc more >>
SEAT: Despite everything, the year when we kept moving
17.12.2020
    2020, a year that will go down in history and in which the 15,000 employees of SEAT have given their best    The arrival of the new Leon e-HYBRID, the CUPRA Formentor and the inauguration of CASA SEAT are examples of inte more >>
Hyundai Motor Group Renews Its Website to Introduce Future Technology Leadership
17.12.2020
    Hyundai Motor Group Tech’ website enables customers to explore the Group’s future technology and gain insights about its vision for the future of mobility    Site contents include key technologies such as Mobility Device, Mobility Service, Essential Performance, Electrification, Fuel Cell, Convergence and others more >>
Porsche rolls out online car sales in Europe
17.12.2020
Vehicle purchase at any time and from anywhereMore and more Porsche fans can now make their dream of owning their sports car come true right from their sofa. After a successful start in Germany in October 2019, the online sales channel has recently been launched in eight further European countries. Customers in Spain, Portugal, Switzerland, Italy, France as we more >>
2021 Ford Trends Report Finds Consumers Resilient and Adaptive Amid the Pandemic
15.12.2020
    Ninth annual Looking Further with Ford Trends Report explores how consumers are adapting to life during a pandemic. While 69% of adults globally say they feel overwhelmed by the changes taking place in the world, when asked how well they have adapted to the changes during the pandemic, 47% say it has been “easier than I imagined.” more >>
Paddy Hopkirk MBE takes delivery of new Limited Edition MINI, named in his honour
15.12.2020
Northern Irish rally driver Patrick ‘Paddy’ Hopkirk MBE is among the first of just 100 customers in the UK to receive the MINI Paddy Hopkirk Limited Edition, named in his honour to commemorate his triumph at the 1964 Monte Carlo Rally in the classic Morris Mini Cooper S Mk1.  more >>
VW 2.0 TDI engine with new Euro 6d emission standard
14.12.2020
Twin dosing guarantees low NOx values  The brand’s most important diesel engine is now in new top form  Twin dosing: two SCR catalytic converters reduce nitrogen oxides  Widespread use in models such as t more >>
SEAT: 70 years of innovations
11.12.2020
    In 1955, SEAT registered the company’s first patent for a child restraint system    Design and functionality: the SEAT logo opens the boot    Originality: the invisible door-handle for the 2nd generation SEAT Leon more >>
2021 Ford F-PowerBoost Has Best EPA Estimated Combined Fuel Economy for Gas Powered Light Full Size Pickups
11.12.2020
    All-new F-150 with 3.5-liter PowerBoost™ V6 – the only full hybrid powertrain available in a pickup – has the best combined fuel economy for gas-powered light-duty full-size pickups with an EPA-estimated rating of 25 mpg on 4x2 models. more >>
MITSUBISHI MOTORS Provides First Tease of All-new OUTLANDER
11.12.2020
- Global Reveal of Vehicle to Follow in February 2021MITSUBISHI MOTORS CORPORATION (MMC) today teased the first image of the highly anticipated next-generation OUTLANDER. The vehicle will debut first in the U.S., Canada and Puerto Rico in more >>
Arteon and Arteon R Shooting Brake: presales of the new performance models now underway
11.12.2020
 Driving dynamics at the highest level: the Arteon R1 and Arteon R Shooting Brake2 combine the driving characteristics of sports and touring cars  High-tech TSI: a powerful 235 kW turbocharged engine accelerates the flagship Arteon models to 100 km/h more >>
Automobili Lamborghini and Lady Gaga team up for charity sweepstake to support communities disproportionately impacted by the pandemic
09.12.2020
Organizations ‘Born This Way Foundation’ and ‘Together Rising’ to benefit Automobili Lamborghini and American singer-songwriter and actress Lady Gaga have joined forces to support those who have been impacted by the global pan more >>
Three Carroll Shelby Signature Editions Available in SA
08.12.2020
•    Each Carroll Shelby Signature Edition will be entered into the official Shelby Registry•    The 5.0 V8 is fitted with an Edelbrock supercharger to produce over 800HP•    All Shelby conversions are done at the official Mod Shop in the Western Cape more >>
The compact all-rounder: TSI evo engine with a capacity of 1.0 and 1.5 litres
08.12.2020
1.5 eTSI engine with 110kW / 150 PS.  Two base engines for many models from the up!1 to Passat2 with three or four cylinders, 66 kW (90 PS) to 110 kW (150 PS), optionally av more >>
Toyota Yaris Production Hits 4 Million in France
08.12.2020
The Power of Four:    Toyota Motor Manufacturing France (TMMF) has produced its 4 millionth Yaris    Yaris 4,000,000 is a 4th generation model featuring 4th generation hybrid technology    Despite being less than 4m long, new Yaris is the safest car in its segment more >>
Toyota’s mission to ‘produce happiness for all’ as part of its business transformation program
08.12.2020
    Toyota aims to make a deeper impact on Sustainable Development Goals with its activities by putting ‘people first’ at the heart of its mission  &nb more >>

2001-2020 automobilsport.com full copyright