Hyosung Heavy Industries accelerates its project for renewable energy convergence-type hydrogen engine generators
Hyosung Heavy Industries accelerates its project for renewable energy convergence-type hydrogen engine generators
-Hyosung Heavy Industries signs MOU with Korea East-West Power Co. for cooperation in hydrogen engine generators
-Carbon emissions can be reduced completely using hydrogen engine generators and put Hyosung ahead of others in the target of 2050 carbon neutrality
-Lee Man-seop, Head of Mechanical/Electrical PU: ″We′ll lead others in the green hydrogen industry through the successful development of hydrogen engine generators.″
[Oct. 21, 2022(Fri) Hyosung Office of Communication]
Hyosung Heavy Industries signed an MOU with Korea East-West Power Co. for cooperation in the demonstration of hydrogen engine generators and development of the relevant projects at a ceremony held at its headquarters in Mapo, Seoul on September 21, with the following people in attendance: Mr. Lee Man-seop, Head of Mechanical/Electrical PU of Hyosung Heavy Industries; and Mr. Cho Sang-gi, VP of Korea East-West Power Co.
The MOU concerns the two businesses working together in the demonstration of distributed no-carbon power generation system, which combines the merits of photovoltaic/hydrogen engine power generation, ESS (Energy Storage System), water electrolysis facilities, and development of the relevant projects. Especially, the project stated in the MOU is expected to help the Company secure flexible resources through convergence between hydrogen engine generators—which Hyosung Heavy Industries has been working on—and renewable energies so that the output fluctuations of renewable energy may be improved and stability in the power supply system may be achieved.
The convergence-type renewable energy generation model to be developed by the two businesses is expected to enhance the maximum amount of power generation four-fold compared to hydrogen fuel cells while spending the same amount and enable reducing carbon emissions by 1.3 times. It is also possible to produce green hydrogen economically using water electrolysis facilities and supply power more efficiently through the efficient control of renewable energy output.
″Nowadays, the development of no-carbon power sources is the talk of the business sector as a technology relying on conversion from the existing fossil fuels into no-carbon fuels such as hydrogen and ammonia under the government′s vision of 2050 carbon neutrality. We will strive to develop hydrogen engine generators as well as the relevant power supply facilities successfully by combining the experience accumulated by Korea East-West Power Co. in the operation of power plants and our source technologies,″ Mr. Lee Man-seop said.
Hyosung Heavy Industries is building a hydrogen liquefaction plant with capacity of 13,000 tons a year in its Yongyeon Factory in Ulsan, which is scheduled to be completed in 2023. It also plans to build liquid hydrogen filling stations including the first ones to be built in Ulsan, Gwangyang, Geoje, and Gyeongsan.
