Several companies, including the Jeju National University and the SK Plug High Bus, are involved in the Jeju demonstration project which aims to establish the demonstration of hydrogen generation by using all four of South Korea’s existing water electrolysis plants.
Running until the end of March 2026, the Jeju demonstration project will cost approximately 62 billion won.
The project leader, Korean Southern Power, expects the demonstration project to yield 1,176 tonnes of hydrogen per year. The aim is to help the country achieve the government’s climate initiatives.
Korean’s Green New Deal, set out by the government, incorporates three phases: expansion of the supply of future fuels, transition of energy infrastructure to greener fuels, and establishing a win-win green energy industry.
