Through this agreement, the four companies will bolster their alliance leveraging their unique strengths to pioneer the forthcoming era of green hydrogen. Their cooperation will encompass various aspects of the business such as development of national green hydrogen production facilities and the acquisition of operational technologies. They will also collaborate to boost the competitive edge of the domestic green hydrogen industry including the expansion of both domestic and international green hydrogen ventures as well as the exploration of new business opportunities.<\/p>\n\n\n\n
With this objective in mind, SK Plug Hyverse, a joint venture between SK E&S and Plug Power, is set to provide and manage PEM electrolyzers, for both domestic and international green hydrogen projects. In addition, SK Plug Hyverse will engage in joint research and development efforts with K-water to enhance the operational technology of green hydrogen production facilities. Moreover, there are plans for further business collaborations and joint entry into overseas markets in the future.<\/p>\n\n\n\n
Parties involved have also agreed to collectively pursue the promotion of PEM electrolysis technology, a crucial component in green hydrogen production. SK Plug Hyverse is planning to manufacture PEM electrolyzers in Korea while K-water seeks to offer essential business and technical support for localization and foster the growth of domestic green hydrogen enterprises within the water industry.<\/p>\n\n\n\n
Water electrolyzers are instrumental devices that utilize electrolysis to produce hydrogen, playing a pivotal role in the proliferation of green hydrogen derived from renewable energy sources. Notably, PEM electrolyzers, which SK Plug Hyverse supplies and aims to localize, offer distinct advantages such as reduced operational time, exceptional load responsiveness, compactness, and low maintenance costs when compared to alkaline water electrolyzers. They are particularly appreciated for their ability to effectively compensate for the intermittent nature of renewable energy sources in green hydrogen production, ensuring stable operation even in the presence of fluctuating power supplies.<\/p>\n\n\n\n
Leveraging Plug Power\u2019s extensive global expertise in supplying and operating PEM electrolyzers across the world, SK Plug Hyverse is set to establish a \u2018Giga-factory\u2019 in Korea for large-scale production of PEM electrolyzers. Currently, SK Plug Hyverse is actively involved in expanding the domestic green hydrogen sector by utilizing PEM electrolysis technology, participating in the ongoing 3.3 MW and 12.5 MW water electrolysis demonstration projects on Jeju Island.<\/p>\n\n\n\n
The collaboration between SK Plug Hyverse and K-water is poised to expedite the development of the domestic green hydrogen ecosystem and bolster the competitiveness of the green industry. K-water is actively promoting various hydropower projects grounded in water resources and aims to lead the domestic green hydrogen industry by harnessing renewable energy sources. In September, the company achieved a significant milestone by constructing the nation\u2019s first green hydrogen production facility at the Seongnam Water Purification Plant powered by small hydropower. <\/p>\n\n\n\n
Byeonghoon Chang, Head of the Water Resources & Environmental Management Division at K-water, said, \u201cThe hydrogen industry is very important as a major alternative to fossil energy to achieve carbon neutrality in the era of climate crisis.\u201d He continued, \u201cWe will do our best to revitalize the green hydrogen industry by spurring the development of next-generation technologies such as water electrolysis technology based on cooperation between companies.\u201d <\/p>\n\n\n\n
Jiyoung Lee, Senior Vice President of SK E&S, stated, \u201cThe collaboration to localize PEM electrolysis technology can contribute to not only reducing carbon emissions but also establishing global competitiveness in the domestic clean energy industry.\u201d She added, \u201cWe are committed to exploring diverse cooperative opportunities to expand the ecosystem of the clean hydrogen industry and take the lead in the era of carbon neutrality.\u201d<\/p>\n\n\n\n \u3010<\/strong> For more information, please contact SK E&S Media Comm<\/strong>\u3011<\/strong> <\/strong> <\/strong><\/p>\n\n\n\n![\"\"](\"https:\/\/www.plugpower.com\/wp-content\/uploads\/2023\/11\/SKES_110723.webp\")