SK-Hansuwon to Collaborate on Clean Energy in 'Nuclear and Hydrogen' Sectors

Signing of MOU for Clean Energy Business Cooperation
Securing Global Competitiveness for Carbon Neutrality

SK and Korea Hydro & Nuclear Power (KHNP) have agreed to collaborate on clean energy projects ranging from nuclear power to renewable energy and hydrogen.

On the 16th, SK㈜ signed a 'Strategic Memorandum of Understanding (MOU) for Cooperation in Clean Energy Business' with SK Innovation and KHNP at the SK Seorin Building in Jongno-gu, Seoul. The signing ceremony was attended by Jang Dong-hyun, Vice Chairman of SK㈜, Hwang Ju-ho, President of KHNP, and Kang Dong-su, Head of Portfolio Division at SK Innovation.

▲SK Seorin Building exterior view

The three companies plan to explore joint business opportunities, including participation in the global supply chain across next-generation energy sources, and aim to achieve carbon neutrality based on long-term competitiveness in eco-friendly energy businesses. They will strengthen technological and business cooperation in renewable energy, fuel cells, and hydrogen sectors, and also seek to develop projects to pioneer the future nuclear market centered on Small Modular Reactors (SMR).

In April, they signed a four-party MOU for SMR business cooperation together with the US SMR company TerraPower.

Through this agreement, SK will accelerate its clean hydrogen and renewable energy businesses, which are currently in the commercialization phase, and concretize its next-generation nuclear power SMR business.

SK has set a goal to contribute to a 1% reduction of the world's carbon reduction targets by 2030 and is promoting a transition to low-carbon and decarbonization business models to turn carbon neutrality into a sustainable growth opportunity.

KHNP plans to accelerate its entry into global markets, including the United States, in the clean energy sector and proactively secure innovative technologies.

Jang Dong-hyun, Vice Chairman of SK㈜, said, "We expect to create various eco-friendly energy business opportunities both domestically and internationally," adding, "We will join forces to achieve carbon neutrality."

Hwang Ju-ho, President of KHNP, stated, "KHNP has been leading efforts to secure future growth engines in the clean energy industry, and through this agreement, we will work with SK to achieve the national greenhouse gas reduction target for 2030 and global net zero."

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