Hyosung Heavy Industries Corp. (HHI), a leading manufacturer of motors and generators under South Korea’s Hyosung Group, announced on Friday that it has signed a memorandum of understanding (MOU) with Korea South-East Power Co. (KSEP). The agreement, signed at HHI’s plant in Changwon, South Gyeongsang Province, aims to promote hydrogen engine power generation.
The partnership will focus on strengthening competitiveness in the future power industry and exploring business opportunities within the hydrogen power generation sector.
As part of the MOU, both companies will collaborate on various initiatives, including hydrogen and hydrogen compound combustion engine-based power generation projects, clean hydrogen production and utilization demonstrations, and other technical cooperation in the clean hydrogen field.
Hyosung Heavy Industries has been at the forefront of hydrogen engine development since 2022. In April 2024, the company became the first in the world to commercialize a hydrogen combustion engine, launching a 1-megawatt (MW) hydrogen engine generator at Hyosung Chemical Corp.’s Yongyeon Plant 2 in Ulsan, South Gyeongsang Province.
Hydrogen engine generators, which use hydrogen as fuel to generate electricity without carbon emissions, are seen as a promising solution for distributed power generation. Unlike solar and wind energy, which depend on weather conditions, hydrogen engines provide stable electricity, positioning them as a key clean energy source for the future.
“Hydrogen power generation is the optimal energy source for reducing carbon emissions and stabilizing the power grid as a carbon-free energy source,” said Woo Tae-hee, CEO of Hyosung Heavy Industries. “With our expertise and experience, we aim to lead the hydrogen power generation market and enhance our standing in the eco-friendly energy sector.”
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