U.S.-based FuelCell Energy and Korea Hydro & Nuclear Power (KHNP) have signed a memorandum of understanding (MoU) to explore collaborative hydrogen energy initiatives. The partnership will focus on developing and implementing energy solutions using FuelCell Energy's solid oxide electrolysis hydrogen platform and KHNP's nuclear power facilities, in line with relevant laws and regulations.
This collaboration aims to integrate South Korea's clean energy resources with FuelCell Energy's electrolyzer technology, which utilizes electricity and thermal energy to produce domestically sourced hydrogen. The initiative is designed to diversify South Korea's hydrogen supply, potentially reducing reliance on imported fuels.
The hydrogen produced through electrolysis can be stored and transported long-term, allowing energy from wind, solar, hydro, and nuclear sources to be utilized on demand. The electrolyzer technology may also support the development of e-fuels for transportation and ammonia for fertilizers.
Kong Young-gon, Vice President of the Hydrogen and Smart Business Department at KHNP, noted the significance of the partnership, stating, “We are excited to partner with FuelCell Energy to explore new opportunities in the path of energy transition through hydrogen initiatives. This collaboration aligns with our commitment to innovation and sustainability.”
Jason Few, President and CEO of FuelCell Energy, emphasized the strategic advantages of the partnership: “By combining our expertise with KHNP's experience in the energy sector and their critical power generation fleet, we are well-positioned to drive innovation and create sustainable energy solutions.”
FuelCell Energy currently has over 100 megawatts (MW) of installed capacity operating in South Korea. KHNP manages various electric-generating facilities, including nuclear, hydroelectric, renewable energy, and fuel cell plants.
This MoU follows a previous agreement in 2023 between FuelCell Energy and Malaysia Marine and Heavy Engineering (MMHE) to collaborate on developing large-scale electrolyzer facilities across Asia, New Zealand, and Australia, aimed at enhancing clean hydrogen production.
