In South Korea, Yonhap News Agency reported that SK E&S Co., the natural gas power unit of South Korea’s SK Group, signed a preliminary agreement with a local utility company for a partnership on the production and utilization of green hydrogen.
Under the memorandum of understanding with the Korea Southern Power Co. (KOSPO), the two companies will work together to produce green hydrogen and green ammonia based on renewable energy sourced from South Korea or overseas and use them as fuel for power plants operated by KOSPO.
SK Plug Hyverse, SK E&S’ hydrogen venture with U.S. Plug Power, will also join the partnership.
SK E&S and SK Plug Hyverse plan to provide electrolyzers to produce green hydrogen, according to the report.
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