Doosan Heavy Industries & Construction has signed a memorandum of understanding with Korea Hydro & Nuclear Power (KHNP) on “Strengthening Cooperation for Clean Hydrogen Production and Convergence of Energy Technology.”
The two companies agreed to continuously collaborate on several areas covering the entire hydrogen value chain, such as implementation of hydrogen production and storage facilities and development of operational technologies, joint research and development for local/global hydrogen production based on small modular reactors (SMRs) and the joint development of hydrogen production technology and related projects using clean energy sources from overseas, such as hydroelectric power.
The MOU signing ceremony was attended by KHNP President and Chief Executive Officer Jae-hoon Chung, KHNP Business Growth Division Head Sang-don Kim and Doosan Heavy’s President Chief Operating Officer Yeonin Jung, among others from the two companies.
These two energy companies hope that this will lead to enhanced competitiveness of the clean hydrogen-related technologies and the creation of synergy for the energy business.
“We had already expanded our existing partnership with KHNP in the nuclear sector to the hydroelectric power sector. Now with the signing of this MOU, we expect this will help us secure the technology for hydrogen production based on clean energy sources like SMRs and hydroelectric power, and facilitate the development of new cooperation projects, such as those related to exporting,” said Jung.
Doosan Heavy has been preparing to enter the hydrogen business since 2018 and is now pursuing a wide range of projects that include hydrogen production, storage, transportation and utilization. Doosan Fuel Cell also has plans to embark on a partnership with KHNP in the field of hydrogen utilization.