In Connecticut, FuelCell Energy and Korea Hydro & Nuclear Power (KHNP) announced that the two companies have agreed to jointly pursue hydrogen energy business initiatives and have signed a memorandum of understanding (MOU) outlining the possibilities. The cooperative approach will focus on the development and implementation of advanced energy solutions using FuelCell Energy’s solid oxide electrolysis hydrogen platform and KHNP’s nuclear power plants within the scope of relevant laws and regulations. This initiative will combine South Korea’s domestic clean energy sources with FuelCell Energy’s electrolyzer platform that uses electricity and thermal energy sources to produce lower cost, domestic clean hydrogen, and diversify South Korea’s hydrogen supply beyond imported fuels. KHNP operates a diverse range of electric generating power plants in South Korea, including nuclear, hydroelectric, renewable energy, and fuel cells. Kong, Young-gon, Vice President of Hydrogen & Smart Business Department of KHNP, said: “This collaboration aligns with our commitment to innovation and sustainability, and we look forward to working together to develop advanced energy solutions that will benefit both our companies and the communities we serve.”
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