SK E&S and SK Plug Hyverse will work with Korea Southeast Power Generation KOEN to cooperate with green hydrogen and green ammonia projects based on renewable energy resources in Korea and abroad. SK E&S signed a memorandum of understanding with SK Plug Hyverse and KOEN regarding cooperation for carbon neutrality and the production of green hydrogen and green ammonia which will be consumed for co-firing at KOEN's natural gas and coal-based thermal power plants, by using electrolyzers to be produced in Korea by SK Plug Hyverse.Green hydrogen and green ammonia co-firing are gaining attention as an eco-friendly and relatively low-cost solution for existing thermal power plants that can significantly reduce greenhouse gas emissions.According to the company, the significance of this MOU lies in the fact that SK Plug Hyverse, which is collaborating with Plug, a global hydrogen company, and Korea South-East Power, a public power company that accounts for approximately 10% of the total electricity supply in Korea, have joined forces in the green hydrogen and ammonia business, which is garnering attention as one of the future's most important energy sources.PEM electrolyzers that SK Plug Hyverse plans to supply are the only commercially proven technology with a quicker start-up time than the alkaline electrolyzers and superior load response capability, which enables it to work more effectively with the intermittently produced renewable energy to produce green hydrogen. In addition, PEM electrolyzers are known for high energy density and moderate cost of maintenance.
SK E&S and SK Plug Hyverse will work with Korea Southeast Power Generation KOEN to cooperate with green hydrogen and green ammonia projects based on renewable energy resources in Korea and abroad. SK E&S signed a memorandum of understanding with SK Plug Hyverse and KOEN regarding cooperation for carbon neutrality and the production of green hydrogen and green ammonia which will be consumed for co-firing at KOEN's natural gas and coal-based thermal power plants, by using electrolyzers to be produced in Korea by SK Plug Hyverse.Green hydrogen and green ammonia co-firing are gaining attention as an eco-friendly and relatively low-cost solution for existing thermal power plants that can significantly reduce greenhouse gas emissions.According to the company, the significance of this MOU lies in the fact that SK Plug Hyverse, which is collaborating with Plug, a global hydrogen company, and Korea South-East Power, a public power company that accounts for approximately 10% of the total electricity supply in Korea, have joined forces in the green hydrogen and ammonia business, which is garnering attention as one of the future's most important energy sources.PEM electrolyzers that SK Plug Hyverse plans to supply are the only commercially proven technology with a quicker start-up time than the alkaline electrolyzers and superior load response capability, which enables it to work more effectively with the intermittently produced renewable energy to produce green hydrogen. In addition, PEM electrolyzers are known for high energy density and moderate cost of maintenance.
