SK E S and SK Plug Hyverse Partner with Korea South-East Power for Green 1xbet registration and Green Ammonia Production

– SK E&S-SK Plug Hyverse-South-East Power signed an MOU for ‘Cooperation for production of green 1xbet registration and ammonia at home and abroad’
– SK Plug Hyverse plans to apply PEM electrolyzers to be locally manufactured in Korea
– Green ammonia and green 1xbet registration to be fed into South-East Power’s thermal power plants for co-firing

Source: SK E&S press release

SK E&S and SK Plug Hyverse will work with Korea Southeast Power Generation (KOEN) to cooperate with green 1xbet registration and green ammonia projects based on renewable energy resources at home and abroad.

SK E&S stated on the 18th that it had signed a memorandum of understanding (MOU) with SK Plug Hyverse and KOEN regarding cooperation for carbon neutrality and the production of green 1xbet registration and green ammonia which will be consumed for co-firing at KOEN’s natural gas and coal based thermal power plants, by using electrolyzers to be produced in Korea by SK Plug Hyverse. Green 1xbet registration and green ammonia co-firing is gaining attention as an eco-friendly and relatively low cost solutions for existing thermal power plants that can significantly reduce greenhouse gas emissions.

SK Plug Hyverse is a joint venture (JV) formed in January of this year by SK E&S and Plug Power (hereafter “Plug”, NASDAQ: PLUG), a leading provider of turnkey 1xbet registration solutions for the global green 1xbet registration economy, to pursue integrated solution businesses throughout the clean 1xbet registration value chain in Asia, including electolyzers. An electrolyzer uses water (H2O) to generate ‘green 1xbet registration (H2),’ which does not emit carbon during manufacture and combustion, and ‘green ammonia (NH3) synthesized with nitrogen (N). The company plans to build a ‘Giga-factory’ in Incheon, a 1xbet registration manufacturing facility and research center.

According to the company, the significance of this MOU lies in the fact that SK Plug Hyverse, which is collaborating with Plug, a global 1xbet registration company, and Korea South-East Power, a public power company that accounts for approximately 10% of the total electricity supply in Korea, have joined forces in the green 1xbet registration and ammonia business, which is garnering attention as one of the future’s most important energy sources.

PEM electrolyzers that SK Plug Hyverse plans to supply is the only commercially proven technology with a quicker start-up time than the alkaline electrolyzers and superior load response capability, which enables it to work more effectively with the intermittently produced renewable energy to produce green 1xbet registration. In addition, PEM electrolyzers are known for high energy density and moderate cost of maintenance.

Based on 40 years of experience in PEM electrolyzer technologies and track records of supplying to NASA and US Navy, Plug is the leader in the global PEM electrolyzer markets. Recent announcements of supply agreements include 1GW in Denmark, 250MW in Australia and 120MW in the US. Plug is also targeting to produce 180,000 tones of green 1xbet registration annually themselves in the US by using its own PEM electrolyzers (which usually requires 1GW or more electrolyzer capacity)

South-East Power plans to complete the construction of a carbon-neutral ecosystem by establishing a green 1xbet registration and ammonia power production business. South-East Power Co is pursuing the objective of reducing greenhouse gas emissions by 48% by 2034 throughexpanding low-carbon LNG conversion and developingCCUS technology.

This MOU is expected to serve as a cornerstone for the global trade era of clean 1xbet registration. According to the ‘First Basic Plan for the Implementation of the 1xbet registration Economy’ released by the government last year, the supply of 1xbet registration is expected to increase from 220,000 tons in 2020 to 3.9 million tons in 2030 and 27.9 million tons in 2050 as the demand for 1xbet registration cars and fuel cells increases. To meet the exploding domestic demand for 1xbet registration and expand the use of clean 1xbet registration, in addition to locally produced blue 1xbet registration, green 1xbet registration to be produced at locations with abundant and competitive renewable energy resources and be synthesized it into green ammonia or converted to liquid 1xbet registration, which are advantageous for large-scale long-distance transportation, and brought into Korea is being considered.

Ji Young Lee, CEO of SK Plug Hyverse and Head of Global 1xbet registration Business of SK E&S, stated that “We are thrilled to join forces with KOEN for endeavors to lead the transition of Korea into a carbon-neutralera. We are proactively developing opportunities throughout the clean 1xbet registration value chain to help building a competitive 1xbet registration portfolio for Korea and establishing a world leading clean 1xbet registration ecosystem in the country”

Sang-pyo Eun, vice president and head of South-East Power’s new business division, stated, “Utilization of 1xbet registration and ammonia is crucial for achieving national carbon neutrality and delaying the stranded capitalization of thermal power producing facilities. Given the local production capability of 1xbet registration and ammonia, it is vital to establish a 1xbet registration and ammonia supply chain from abroad. Using this MOU as an opportunity, we will reliably generate 1xbet registration and ammonia overseas with SK E&S, a leading firm in the 1xbet registration economy, and introduce it into Korea to become an energy company leading the national carbon neutrality and the 1xbet registration economy.”