KOTRA to Fully Support Entry into German Hydrogen Value Chain

From the 27th, Hydrogen Korea Pavilion to be Set Up in Hamburg in Connection with 'Wind Energy 2022 Exhibition'

[Asia Economy Reporter Han Ye-ju] KOTRA announced on the 26th that it will hold the '2022 Hydrogen Partnership Plaza' event at the Wind Energy exhibition until the 30th to pioneer the European hydrogen market.

This exhibition is the largest renewable energy exhibition in northern Germany, with more than 1,400 companies and institutions participating, mainly from major European countries. This exhibition, resuming offline for the first time in two years since the COVID-19 pandemic, has attracted attention by newly establishing a dedicated hydrogen hall (H2 Expo & Conference) for the first time.

The German federal government announced the 'National Hydrogen Strategy' in June 2020 and is leading the EU hydrogen economy. Renewable energy faces intermittency issues due to irregular power generation caused by climate change, but hydrogen is gaining attention as an energy carrier that can complement this. Compared to lithium-ion batteries and energy storage systems (ESS), hydrogen is known to be more advantageous for large-capacity long-term storage and cross-country transportation. The northern Germany region, where the exhibition is held, is the center of Germany's renewable energy industry with abundant wind power facilities in the North Sea and is expected to play an important role in establishing the hydrogen value chain within Germany.

KOTRA is organizing a joint Korean pavilion in the dedicated hydrogen hall to help leading Korean hydrogen companies enter the hydrogen value chain in Germany. Utilizing KOTRA’s local network, global companies in the hydrogen sector will be invited, and export, investment, and R&D consultations among domestic companies will be supported. In particular, among the participating companies, Iljin High Solus possesses outstanding technology in the Type 4 hydrogen storage tank field, a core component of hydrogen vehicles, raising high expectations for cooperation with German hydrogen commercial vehicle companies.

Additionally, in collaboration with the Consulate General of the Republic of Korea in Hamburg, a Korea-Germany hydrogen industry cooperation seminar will be held during the event. The seminar will invite EEHH (Renewable Energy Hamburg Cluster) and leading German hydrogen companies such as Linde and GP JOULE to introduce the status and companies of the Korean hydrogen industry and explore cooperation possibilities with domestic companies. Alongside this, KOTRA will also conduct promotional activities for the '2030 Busan Expo' within the Korean pavilion. The promotional booth will be equipped with Busan Expo materials and plans to strengthen local promotional activities by inviting key figures.

Yoon Hyun-cheol, head of KOTRA Hamburg Trade Center, said, "Recently, Europe is accelerating the transition to carbon neutrality based on strengthened environmental regulations such as 'Fit for 55' and increased competitiveness in renewable energy. Hydrogen is also gaining attention as a key means in the carbon neutrality paradigm," adding, "We plan to continuously support Korean companies seeking to pioneer the European market."

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