HDF Energy and Daewoo Partner on HyPower in Asia: Accelerating Decarbonization in Petrochemical Sector
Key Ideas
  • Daewoo and HDF Energy signed an MoU to collaborate on HyPower hydrogen-to-power infrastructures in Asia to accelerate decarbonization in the petrochemical sector.
  • The partnership aims to explore new market opportunities and implement multi-megawatt HyPower plants using hydrogen as a byproduct, contributing to industrial decarbonization.
  • HDF Energy launched a high-power fuel cell factory in Bordeaux, France, with plans to expand production capacity to 1 GW by 2030, focusing on heavy maritime and rail mobility sectors.
  • The collaboration between Daewoo and HDF Energy is set to pave the way for more hydrogen infrastructure projects in Asia, reinforcing HDF Energy's strategic position in the region.
Daewoo Engineering and Construction Co., Ltd. and HDF Energy have signed a Memorandum of Understanding (MoU) to collaborate on HyPower hydrogen-to-power infrastructures in Asia. The partnership aims to accelerate the decarbonization of the petrochemical sector by utilizing hydrogen as a byproduct to produce low-carbon electricity on demand. The MoU was signed at the Indonesia International Hydrogen Summit event in Jakarta and marks a significant milestone in promoting hydrogen applications within the industry's supply chain. HDF Energy, a global player in the hydrogen industry, recently launched a high-power fuel cell factory in Bordeaux, France, with plans to expand production capacity to 1 GW by 2030, focusing on heavy maritime and rail mobility sectors. Both companies aim to explore new market opportunities and implement multi-megawatt HyPower plants to support industrial decarbonization efforts. The collaboration with Daewoo, a leader in the construction industry with a focus on clean energy projects, is expected to pave the way for more hydrogen infrastructure projects in Asia. The partnership aligns with HDF Energy's vision of providing low-carbon electricity through advanced fuel cells and Daewoo's mission to develop a comprehensive clean energy value chain. This strategic collaboration reinforces HDF Energy's position in Asia and sets the stage for future projects in the region.
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