Doosan heavy and KHNP teaming up for clean hydrogen production business.
Doosan Heavy Industries & Construction announced that it had signed a memorandum of understanding with Korea Hydro & Nuclear Power (KHNP) on “Strengthening Cooperation for Clean Hydrogen Production and Convergence of Energy Technology.”
The MOU signing ceremony, which was held both online and offline at the Bundang Doosan Tower on May 12th, was attended by KHNP President & CEO Jae-hoon Chung, KHNP Business Growth Division Head Sang-don Kim and Doosan Heavy’s President & COO Yeonin Jung, among others from the two companies.
According to the terms of the MOU, the two companies agreed to continuously collaborate on several areas covering the entire hydrogen value chain, such as implementation of hydrogen production & storage facilities and development of operational technologies, joint research & development for local/global hydrogen production based on small modular reactors(SMRs) and the joint development of hydrogen production technology and related projects using clean energy sources from overseas.
🔥 What about we co-host a webinar? Let's educate, captivate, and convert the hydrogen economy!
Hydrogen Central is the global go-to online magazine for the hydrogen economy, we can help you host impactful webinars that become a global reference on your topic and are an evergreen source of leads. Click here to request more details
Given that this is a partnership between Korea’s two leading energy companies, there are high hopes that this will lead to enhanced competitiveness of the clean hydrogen-related technologies and the creation of synergy for the energy business.
Yeonin Jung, Doosan Heavy’s President & COO.
We had already expanded our existing partnership with KHNP in the nuclear sector to the hydroelectric power sector.
“Now with the signing of this MOU, we expect this will help us secure the technology for hydrogen production based on clean energy sources like SMRs and hydroelectric power, and facilitate the development of new cooperation projects, such as those related to exporting.”
Doosan Heavy has been preparing to enter the hydrogen business since 2018 and is now actively pursuing a wide range of projects that include hydrogen production, storage, transportation and utilization.
Doosan Fuel Cell, another Doosan subsidiary that holds unrivalled technical expertise in the field of hydrogen fuel cells, also has plans to embark on a partnership with KHNP in the field of hydrogen utilization.
- MOU signed on “Strengthening Cooperation for Clean Hydrogen Production and Convergence of Energy Technology”
- Cooperation to be pursued on hydrogen production using clean energy sources, such as SMRs and hydroelectric power
Doosan Heavy and KHNP Teaming Up for Hydrogen Business, May 13, 2021
