Doosan Heavy Industries and Korea Hydro & Nuclear Power have signed a memorandum of understanding on “Strengthening Cooperation for Clean Hydrogen Production and Energy Technology Convergence.”
The two companies agreed to work together on many areas around the hydrogen value chain, including the implementation of hydrogen production and storage facilities and the development of operational technologies, joint research and development for local/global hydrogen production based on small modular reactors (SMRs), and joint development of hydrogen fuel cells.
Given that this is a collaboration between Korea’s two largest energy companies, there are high expectations that it will boost the competitiveness of clean hydrogen-related technologies and create synergy in the energy sector.
Since 2018, Doosan Heavy has been planning to enter the hydrogen market, and it is now actively pursuing a broad range of ventures, including hydrogen development, storage, transportation, and utilization. Another Doosan subsidiary, Doosan Fuel Cell, which has unrivaled technological expertise in the field of hydrogen fuel cells, has plans to form a hydrogen utilization alliance with KHNP.
“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,” said Yeonin Jung, Doosan Heavy’s President & COO.