Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • BP Eyes Offtakers for German Green Hydrogen Plant as It Retreats from UK Projects
  • Chile’s $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback
  • India Expands Green Hydrogen R&D Push with Second Call for Proposals under National Mission
  • VERBUND and Fluence Advance Germany’s Grid Stability with 92MW of New Battery Storage
  • Malaysia Launches Hybrid Hydro-Solar and Green Hydrogen Hub
  • Assam’s Pause on Green Hydrogen Policy Raises Investor Concerns Amid Shifting Incentives
  • Masdar and EnBW Team Up on Offshore Wind, Energy Storage and Green Hydrogen Development
  • U.S. Green Hydrogen Projects Face Tight Timeline Despite 45V Tax Credit Reprieve
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Asia
Green Hydrogen H2 News

SK Group and Plug Power to Build Hydrogen Gigafactory in South Korea

Arnes BiogradlijaBy Arnes Biogradlija02/05/20232 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

South Korean natural gas power unit, SK E&S Co., has announced a joint venture with U.S. hydrogen company, Plug Power, to build a hydrogen gigafactory and research centre in South Korea.

The investment of 1 trillion won ($747 million) will see SK E&S and Plug Power invest 510 billion won and 490 billion won respectively, in a facility that will produce hydrogen fuel cells for vehicles and water electrolysis platforms for power generation.

The gigafactory, set to begin commercial operations in 2025, will be based in South Korea and will produce green hydrogen using renewable energy through the process of electrolysis. The joint venture also plans to invest in building liquefied hydrogen stations across South Korea, which is considered a crucial step towards national competitiveness in the global hydrogen industry.

The hydrogen fuel cells produced in the facility will be supplied to SK’s clean hydrogen complex in Boryeong, located about 190 kilometres southwest of Seoul. The complex, which aims to produce blue hydrogen starting in 2026, is a critical component of South Korea’s strategy to achieve carbon neutrality by 2050.

The collaboration between SK E&S and Plug Power will capitalize on SK’s strengths in energy production, distribution, and sales, along with Plug Power’s proprietary technologies. The joint venture, called SK Plug Hyverse, will contribute significantly to national competitiveness in the global hydrogen industry.

The investment was announced during President Yoon Suk Yeol’s state visit to the United States, where he met with numerous business leaders and announced a string of new business collaborations and partnerships.

This joint venture will serve as a milestone in the development of green hydrogen production in South Korea, which is considered a crucial step towards achieving carbon neutrality by 2050.

Share. LinkedIn Twitter Facebook Email

Related Posts

Hydrogen

BP Eyes Offtakers for German Green Hydrogen Plant as It Retreats from UK Projects

15/07/2025
Chile's $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback

Chile’s $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback

15/07/2025
Green Hydrogen

India Expands Green Hydrogen R&D Push with Second Call for Proposals under National Mission

15/07/2025
Batteries Lithium

VERBUND and Fluence Advance Germany’s Grid Stability with 92MW of New Battery Storage

15/07/2025
hydrogen

Malaysia Launches Hybrid Hydro-Solar and Green Hydrogen Hub

14/07/2025
hydrogen

Assam’s Pause on Green Hydrogen Policy Raises Investor Concerns Amid Shifting Incentives

14/07/2025
Hydrogen

BP Eyes Offtakers for German Green Hydrogen Plant as It Retreats from UK Projects

15/07/2025
Chile's $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback

Chile’s $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback

15/07/2025
Green Hydrogen

India Expands Green Hydrogen R&D Push with Second Call for Proposals under National Mission

15/07/2025
Batteries Lithium

VERBUND and Fluence Advance Germany’s Grid Stability with 92MW of New Battery Storage

15/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.