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Doosan Heavy teams up with state utility firm for hydrogen biz

All News 11:15 May 13, 2021

By Nam Kwang-sik

SEOUL, May 13 (Yonhap) -- South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has signed a deal with Korea Hydro & Nuclear Power Co. (KHNP) to cooperate on hydrogen-related business.

Under the deal, Doosan Heavy and nuclear power plant operator KHNP will develop technologies to produce and store hydrogen by using small- and mid-sized nuclear reactors and water power systems.

Officials from South Korean power plant builder Doosan Heavy Industries & Construction Co. and nuclear power plant operator Korea Hydro & Nuclear Power Co. (KHNP) pose for a photograph holding an agreement to cooperate on the hydrogen business on May 12, 2021, in this photo provided by the power plant builder on May 13. (PHOTO NOT FOR SALE) (Yonhap)

Doosan Heavy, a flagship of Doosan Group, also said its fuel cell manufacturing affiliate Doosan Fuel Cell Co., which has advanced technologies in hydrogen fuel cells, will push ahead with hydrogen projects with KHNP in the near future.

Last month, Doosan Group said it has been gearing up to tap the global hydrogen market by forming a task force.

Hydrogen has been emerging as an environmentally friendly alternative to fossil fuels, as vehicles and ships propelled by the resource only create water in the process of generating power.

ksnam@yna.co.kr
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