Driving Forward Clean Energy Growth: Edmonton and Ulsan Forge Hydrogen Partnership
Key Ideas
  • Edmonton Global and Ulsan Free Economic Zone signed a memorandum of understanding to collaborate on advancing their hydrogen value chains, particularly in decarbonization technologies within the transportation sector.
  • The partnership aims to promote research, development, and commercialization of hydrogen technologies, strengthen economic ties, and accelerate the adoption of hydrogen technologies.
  • The agreement emphasizes the importance of hydrogen in future energy systems, positioning both regions as leaders in hydrogen adoption and serving as a model for other regions.
  • Key figures from both regions, such as Malcolm Bruce of Edmonton Global and Kyungsik Lee of Ulsan Free Economic Zone Authority, expressed enthusiasm for the partnership and the opportunities it presents for driving forward the hydrogen sector.
Edmonton Global and Ulsan Free Economic Zone (UFEZ) have entered into a memorandum of understanding (MOU) to enhance economic collaboration and innovation in clean energy, with a specific focus on hydrogen technologies. The agreement aims to advance research, development, and commercialization of hydrogen technologies, particularly in decarbonization technologies within the transportation sector. Through this partnership, the two regions will work together to strengthen economic ties, promote the adoption of hydrogen technologies, and increase trade between Ulsan, South Korea, and the Edmonton Region. The MOU outlines a framework for sharing best practices and knowledge to bolster the global hydrogen economy and address common challenges. It also includes provisions for collaboration on international hydrogen projects, initiatives, and advocacy efforts. By leveraging each other's strengths and expertise, UFEZ and Edmonton Global seek to position themselves as leaders in hydrogen adoption, setting an example for other regions to follow. Key stakeholders, including Malcolm Bruce, CEO of Edmonton Global, and Kyungsik Lee, Commissioner of Ulsan Free Economic Zone Authority, expressed optimism about the partnership. They highlighted the opportunities for technology transfer, knowledge exchange, and boosting trade and investment through joint initiatives. The partnership is expected to accelerate the growth of the hydrogen economy and drive global advocacy efforts for hydrogen usage in clean energy systems. Both regions are committed to leveraging their respective strengths and expertise to propel the hydrogen sector forward.
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