All data are based on the daily closing price as of October 17, 2024

Hyosung Heavy Industries Launches World’s First Hydrogen Engine Generator

Achieving a significant milestone in carbon-free power, Hyosung Heavy Industries starts operation of a pioneering hydrogen-only generator, advancing hydrogen technology by decades
South Korea
h 298040.KO Mid and Small Cap 2000
Share this on

Hyosung Heavy Industries has marked a significant breakthrough in the global energy sector by successfully commercializing the world’s first hydrogen engine generator. This landmark achievement was announced following the full-scale operation of a 1 MW hydrogen engine generator at its Ulsan Hyosung Chemical Yongyeon Plant 2, which began in mid-April.

The uniqueness of Hyosung Heavy Industries’ generator lies in its capability to produce electricity solely using hydrogen, distinguishing it from other hydrogen-blended generators that also rely on natural gas or coal. This development not only positions Hyosung at the forefront of hydrogen technology but also underscores its commitment to pioneering sustainable energy solutions.

Significantly, this innovation propels forward the timeline for hydrogen adoption, which was previously targeted by the government for 2050, by about 20 years. Hyosung Heavy Industries has also set a benchmark in safety standards. It is the only domestic company this year to pass the rigorous safety inspections conducted by the Korea Gas Safety Corporation and the Korea Electrical Safety Corporation, earning the necessary approvals for commercial operations.

The introduction of this hydrogen engine generator is poised to play a crucial role in helping companies transition towards sustainable manufacturing practices. Moreover, it aligns with the goals of the RE100 initiative and is supported by the upcoming implementation of the Special Act on Promotion of Distributed Energy starting June. This move by Hyosung Heavy Industries is expected to have far-reaching impacts on the global shift towards renewable energy sources, setting a new precedent in the industry.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top