HyAxiom, Doosan Fuel Cell, South Australia sign green hydrogen pact
SUMMARY
The parties intend to exchange equipment and expertise to produce hydrogen and derivatives. [Image: Doosan]
By Shardul SharmaHyAxiom, a part of Korea's Doosan Group, announced on February 9 the signing of a statement of cooperation with Doosan Fuel Cell (DFCC) and the South Australian government to accelerate the green hydrogen industry.
The signing ceremony took place in Seoul, Korea and was attended virtually by Jeff Hyungrak Chung, CEO of HyAxiom and, in person, by Hooseok Che, COO, DFCC and Sam Crafter, CEO, office of hydrogen power South Australia on behalf of the government of South Australia.
The parties intend to exchange equipment and expertise to produce hydrogen and derivatives, establish strategies and partnerships to secure global competitiveness in hydrogen exports, secure research partnerships and projects to accelerate future decarbonisation, and develop Australian markets by building infrastructure for green hydrogen supply and utilisation.
“We embrace this opportunity to help South Australia develop the green hydrogen industry as a part of their overall renewable energy plan. South Australia is well on its way to becoming a global leader in supplying green hydrogen and we are proud to partner with them and DFCC,” said Chung.
The South Australian government recently announced ambitious plans to increase the proportion of renewable energy, which is currently about 68% of total electricity production, to 100% by 2030, and is actively pushing for legislation to expand required infrastructure.
As part of that effort, the South Australian government plans to build a combined plant where 250 MW electrolyzers, 200MW hydrogen power plants and fuel cells, and associated hydrogen storage facilities.
