KEPCO Establishes Decarbonization Partnership with GE and the U.S. Electric Power Research Institute

President Yoon Seok-yeol's MOU Schedule During U.S. Visit

Korea Electric Power Corporation (KEPCO) is embarking on collaborative projects for carbon neutrality with U.S. companies and institutions such as GE and the Electric Power Research Institute (EPRI).

On the 25th (local time), KEPCO announced that it signed a Memorandum of Understanding (MOU) for technological cooperation in hydrogen, ammonia, and Carbon Capture, Utilization, and Storage (CCUS) with GE Vernova in Washington D.C., USA. GE Vernova is the energy-focused division within the GE group, with business areas including power generation, renewable energy, digital, and energy financial services.

KEPCO plans to expand its collaboration with GE from ammonia combustion technology applicable to thermal power gas turbines to hydrogen co-firing technology and CCUS demonstration projects, establishing a strategic partnership spanning traditional business sectors to clean energy fields.

The two companies have built a cooperative relationship by jointly participating as project owners and main equipment (gas turbine) suppliers in projects such as the Norte II combined cycle gas project in Mexico, which began commercial operation in 2013; the Pulau Indah combined cycle gas project under construction in Malaysia; and the Saudi Jafurah cogeneration project scheduled to commence construction within the year.

The day before, KEPCO also signed an MOU with EPRI for R&D cooperation on carbon neutrality, including hydrogen and ammonia. They agreed to further strengthen existing R&D collaboration on hydrogen-ammonia co-firing and power grid efficiency, expanding their carbon neutrality partnership to global joint demonstrations and commercialization.

Since 2008, the two organizations have conducted joint R&D through personnel exchanges. In 2023, KEPCO joined the Low-Carbon Resources Initiative (LCRI), an international carbon neutrality consortium led by EPRI, continuing to expand R&D cooperation in the power and energy sectors.

A KEPCO official stated, "Since declaring the carbon neutrality vision ‘Zero for Green’ in 2021, KEPCO has been expanding cooperation with global leading companies in renewable energy and hydrogen-ammonia sectors such as Denmark’s CIP, Japan’s Idemitsu, and Saudi Arabia’s ACWA Power. We plan to lead carbon neutrality implementation by strengthening strategic partnerships with global energy companies going forward."

Lee Heung-joo, Vice President of KEPCO Overseas Nuclear Power Division (left), and Scott Strazik, President of GE Vernova (right), are posing for a commemorative photo after signing a strategic memorandum of understanding for the development of clean hydrogen power generation technology on the 25th (local time).

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