Hyosung Heavy Industries Co., Ltd., Accelerates Renewable Energy Convergent Hydrogen Engine Generator Business

Josanggi, Vice President of Korea East-West Power Business Division (left), and Manseok Lee, Head of Electrical PU at Hyosung Heavy Industries (right), are taking a commemorative photo of the MOU signing. Photo by Hyosung

[Asia Economy Reporter Donghoon Jeong] Hyosung Heavy Industries Co., Ltd. signed a memorandum of understanding (MOU) on the 21st at its headquarters in Mapo, Seoul, regarding the demonstration and business development cooperation of hydrogen engine generators. The signing ceremony was attended by Manseop Lee, Head of the Mechanical and Electrical PU at Hyosung Heavy Industries, and Sanggi Jo, Executive Vice President of Korea East-West Power Co., Ltd.

Through this MOU, Hyosung Heavy Industries and Korea East-West Power will jointly conduct demonstration and business development of a distributed power zero-carbon generation system that organically integrates the advantages of solar power generation, hydrogen engine generation, ESS (Energy Storage System), and water electrolysis facilities. In particular, the hydrogen engine generator, which Hyosung Heavy Industries is commercializing, is expected to secure flexible resources that can complement the output variability of renewable energy and contribute to power grid stabilization by integrating with renewable energy.

The renewable energy hybrid power generation model developed by Hyosung Heavy Industries and Korea East-West Power will have up to four times the maximum power output compared to hydrogen fuel cells of the same project cost scale, and can achieve 1.3 times carbon reduction. Additionally, by integrating water electrolysis facilities into this model, green hydrogen can be produced economically, while effectively controlling the output of renewable energy to enable efficient power supply.

Manseop Lee, Head of the Mechanical and Electrical PU at Hyosung Heavy Industries, stated, "Under the government’s recent ‘2050 Carbon Neutrality’ vision, the development of zero-carbon power sources transitioning from existing fossil fuels to zero-carbon fuels such as hydrogen and ammonia is a key topic. We will do our best to develop hydrogen engine generators and power facilities by combining Korea East-West Power’s power plant operation experience with our core technology."

Meanwhile, Hyosung Heavy Industries is constructing a hydrogen liquefaction plant with an annual capacity of 13,000 tons on the site of its Ulsan Yongyeon factory, scheduled for completion in 2023. Along with this, it plans to expand the construction of large-scale liquid hydrogen charging stations, starting with establishing liquid hydrogen charging stations in the Ulsan, Gwangyang, Geoje, and Gyeongsan regions.

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