The Korean automaker is charging forward towards a cleaner future. Hyundai simply signed the biggest renewable power provide contract in Korea. The huge clear power provide is sufficient to absolutely cost its all-electric IONIQ 5 SUV over 7 million occasions.
On Wednesday, Hyundai Motor Firm introduced a brand new renewable power provide contract with Hyundai Engineering & Building, SK E&S, GS E&R, and Enlighten.
Via the brand new energy buy settlement (PPA), Hyundai will obtain 610 GWh of renewable power yearly over the subsequent 20 years, making it the biggest in Korea.
Hyundai stated the electrical energy is sufficient to absolutely cost the IONIQ 5, with an 84 kWh battery, over 7 million occasions. With the brand new provide, Hyundai expects to cut back greenhouse gases by round 5.6 million tons.
A Hyundai Motor Firm spokesperson stated, along with PPAs, “We plan to construct a various renewable power portfolio and speed up carbon discount by enlargement of solar energy era amenities, and convert 100% of the electrical energy utilized in all our home and abroad enterprise websites to renewable power by 2045.”
The settlement is the newest as Hyundai accelerates its transition to 100% renewable power use domestically and abroad.
Hyundai stated it plans to step by step increase solar energy in Korea to safe a secure provide sooner or later.
In 2024, Hyundai has already constructed 20MW of solar energy era throughout its community in Korea. Subsequent 12 months, it’ll add one other 11MW in Ulsan, the place it’ll end building at its first devoted EV plant.
With its Czech and Indonesian vegetation already transformed to 100% renewable power, Hyundai can be accelerating the shift abroad. Subsequent 12 months, the corporate plans to buy all electrical energy from renewable power sources at its US, India, and Turkey vegetation by PPAs.
The corporate spokesperson added Hyundai “will proactively reply to local weather change sooner or later by offering clients with autos produced utilizing eco-friendly electrical energy.”
Hyundai kicked off manufacturing at its new Metaplant America in Georgia this month. The upgraded 2025 IONIQ 5 is now rolling off the meeting line forward of deliveries later this 12 months. It options extra vary, modern new styling, and an NACS port to cost at Tesla’s Supercharger community.