In South Korea, Tallgrass and Korea Western Power (“KOWEPO”) announced a cooperation agreement for development of gigawatt scale green hydrogen and ammonia production.
The scope of the cooperation agreement includes a comprehensive feasibility study for green hydrogen production a process that makes hydrogen from renewable energy and electrolysis. This announcement builds on a previous memorandum of understanding Tallgrass executed with Intersect Power, a leading clean energy provider, to jointly develop green hydrogen for export to Asia as ammonia. KOWEPO expects to convert this green hydrogen to clean ammonia, using Tallgrass infrastructure, to support South Korean decarbonization and the broader global demand for clean energy supply.
In July 2022, Tallgrass, KOWEPO and Hanwha PSM signed a memorandum of understanding to jointly develop a hydrogen co-firing gas-turbine project in the United States. This new agreement is an extension of the well-established relationship between KOWEPO and Tallgrass on global decarbonization initiatives.
The agreement marks the first instance of a Korean company promoting green hydrogen and ammonia production in the U.S. and has been advanced by U.S. government initiatives like the Inflation Reduction Act, which strengthens domestic clean energy production and U.S. global leadership in the energy transition.
