"Creating Low-Carbon Smart Green Industrial Complex"... KHNP-Sandan Gong-KT Collaborate on Fuel Cell Power Generation

Jaehoon Jeong, President of Korea Hydro & Nuclear Power

[Asia Economy Reporter Kim Bo-kyung] Korea Hydro & Nuclear Power (KHNP) signed a Memorandum of Understanding (MOU) on the 27th with Korea Industrial Complex Corporation and KT for the "Joint Development of Renewable Energy Projects for the Creation of Korea-style New Deal Smart Green Industrial Complexes."

According to this MOU, KHNP and KT plan to install and operate renewable energy centered on fuel cells in aging industrial complexes to expand smart green industrial complexes nationwide.

Fuel cells are one of the two main pillars of the hydrogen economy leading industries outlined in the government's "Hydrogen Economy Activation Roadmap," alongside hydrogen vehicles.

They are eco-friendly distributed power sources that can produce a large amount of renewable energy electricity even when installed on a small scale in industrial complexes with high electricity usage and limited space.

The Smart Green Industrial Complex creation project is a project to transform industrial complexes into low-carbon eco-friendly energy production bases, implemented by the Ministry of Trade, Industry and Energy and the Korea Industrial Complex Corporation.

This project was selected as one of the ten representative tasks of the Korea-style New Deal to overcome the COVID-19 crisis and find new growth engines in the post-COVID era.

Korea Industrial Complex Corporation

Jung Jae-hoon, President of KHNP, said, "Fuel cell power generation is a future-oriented energy source with high efficiency and space utilization," adding, "We will lead efforts to contribute to national energy efficiency by distributing it to industrial complexes with high electricity usage and to advance the hydrogen economy era."

Kim Jeong-hwan, Chairman of the Korea Industrial Complex Corporation, stated, "To successfully promote the Smart Green Industrial Complex project, we will do our best to activate renewable energy projects within industrial complexes by strengthening support such as expanding fund investments."

Park Yoon-young, Head of KT's Enterprise Division, said, "The pace of transformation into low-carbon, high-efficiency eco-friendly industrial complexes through the convergence of green energy and digital technology is gradually accelerating," adding, "We will support the digital transformation of Smart Green Industrial Complexes by expanding renewable energy fuel cell projects combined with ICT solutions."

This content was produced with the assistance of AI translation services.