H2 MEET(Mobility Energy Environment Technology) 2024 is Korea’s largest specialized hydrogen business exhibition and conference and is one of the most influential hydrogen events in the world.
Hydrogen technology specialist LIBECO E&C announced on the 25th that it has developed a high-efficiency liquid hydrogen storage and supply system for commercial vehicles. Hydrogen storage and supply technology is a core technology in the hydrogen economy.
According to LIBECO E&C, the newly developed system incorporates a zero-loss hydrogen energy system that prevents the external release of BOG (Boil-Off Gas).
When significant BOG is generated during the storage, transportation, and supply of liquid hydrogen, it leads to increased pressure, resulting in liquid hydrogen loss. While controlling BOG is crucial in liquid hydrogen storage and supply, this system applies technology that minimizes hydrogen energy loss.
The system also incorporates a thermal management system that utilizes the cryogenic energy of liquid hydrogen. Through this technology, LIBECO E&C explains that they have secured superior competitiveness in terms of energy efficiency and driving range compared to competitors.
A LIBECO E&C representative explained, ‘In particular, this system is equipped with an automatic valve for liquid hydrogen mobility applications. This represents unparalleled technology in the domestic market, as it is the world’s first to be developed in Korea and applied to commercial vehicles.
LIBECO E&C plans to enter the U.S. market with this technology. The company aims to launch a full-scale entry into the global market through demonstrations of liquid hydrogen commercial vehicles in the United States, where the heavy-duty truck market is approximately 25 times larger than in Korea.
Early next year, a U.S. national laboratory and a major global oil company will jointly conduct liquid hydrogen fueling and discharge tests. Following these liquid hydrogen storage demonstrations, the company plans to first enter the U.S. commercial vehicle conversion market by installing the developed liquid hydrogen storage and supply system in commercial vehicles, particularly trucks and buses.
It is reported that the company is currently in ongoing discussions with partners from various fields regarding the development of automated processes and establishment of production lines to reduce manufacturing costs.
CEO Yong Seog Kim of LIBECO E&C stated, ‘While there has been ongoing investment in liquid hydrogen-related national R&D projects in Korea, it is particularly significant that we have developed the country’s first liquid hydrogen storage and supply system for commercial vehicles with private investment as a small-to-medium enterprise, without any government research funding.’ He added, ‘With our innovative technology, we will lead the development of the eco-friendly hydrogen commercial vehicle industry and secure long-term growth momentum by gaining first-mover advantages in the global market.
Meanwhile, this system developed by LIBECO E&C is being exhibited at the ‘H2 MEET Hydrogen Exhibition’ being held from the 25th to 27th at KINTEX in Goyang-si, Gyeonggi-do .
* Original article: https://www.wowtv.co.kr/NewsCenter/News/Read?articleId=202409256636b