KOEN and the Saemangeum Development Agency sign an MoU to develop a 1 GW solar, 320 MW electrolysis, and 100 MW hydrogen power complex at Saemangeum, integrating renewable generation, hydrogen production, and storage for grid stability and decarbonization.
Korea South-East Power (KOEN) and the Saemangeum Development Agency are teaming up this month to create an ambitious integrated green hydrogen and renewable power complex at Saemangeum, located in Buan, North Jeolla Province. This partnership aligns perfectly with South Korea’s vision for a cleaner hydrogen power landscape. The plan? Pull together 1 GW of onshore solar energy, 320 MW of water electrolysis, and 100 MW of hydrogen power generation. The concept is straightforward yet impactful: harness surplus solar energy to produce and store hydrogen, which can then be converted back to electricity when demand spikes. It’s a clever way to…
