Korea Southern Power to Supply Electricity from Clean Hydrogen in Busan
Key Ideas
  • Korea Southern Power selected as the sole preferred bidder to supply 750 GWh of electricity annually using clean hydrogen.
  • Commercial operations expected to start in 2028 with a 15-year electricity purchase agreement by the government.
  • Bidders had to meet strict emission criteria of emitting no more than 4 kilograms of CO2 equivalent per kilogram of hydrogen.
  • Government aims to collaborate with industries to secure cost-effective clean hydrogen and reduce greenhouse gas emissions.
Korea Southern Power, a state-run company, has been chosen to supply electricity generated from clean hydrogen in Busan, South Korea. The company confirmed its selection as the sole preferred bidder for the project, where it will provide 750 GWh of electricity annually using clean hydrogen. Commercial operations are set to begin in 2028, with a 15-year electricity purchase agreement planned by the government. Eligible bidders for the project had to adhere to strict emission criteria, 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 commitment to securing cost-effective clean hydrogen and reducing greenhouse gas emissions through collaboration with local industries. The auction market is expected to open annually, encouraging more companies to participate as successful cases accumulate.
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