Korea Southern Power chosen as Supplier for Clean Hydrogen Electricity Project
Key Ideas
- Korea Southern Power Co. selected as the sole preferred bidder to supply 750 GWh of electricity annually using clean hydrogen.
- Commercial operations set to begin in 2028 with a 15-year government purchase plan to reduce greenhouse gas emissions.
- Eligible bidders had to meet stringent emission criteria of emitting no more than 4 kilograms of CO2 equivalent per kilogram of hydrogen.
- Government aims to collaborate with local industries to secure cost-effective clean hydrogen and expects more participation in the auction market.
Korea Southern Power Co. has been appointed as the supplier for electricity generated from clean hydrogen in South Korea. The company has secured a significant project to supply 750 GWh of electricity annually using clean hydrogen, starting commercial operations in 2028 with a 15-year government procurement plan. Bidders had to adhere to strict emission guidelines of emitting no more than 4 kilograms of CO2 equivalent per kilogram of hydrogen. Park Chan-ki, the director general for hydrogen economy policy, emphasized the government's dedication to acquiring affordable clean hydrogen and reducing greenhouse gas emissions through collaborations with local industries. The market is set to open annually through auctions, encouraging more companies to participate as successful cases accumulate.