A new society created by hydrogen

Hydrogen, a new energy that breaks the frame of existing energy

HnPower is constantly striving to create a hydrogen society that saves the earth.

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Hydrogen economy

Hydrogen economy

It refers to an economy that is a source of economic growth and eco-friendly energy
by bringing about fundamental changes to the national economy, society, and people's lives centering on hydrogen.

Paradigm change in energy and economy

Breaking away from the existing carbon economy to an energy-independent eco-friendly hydrogen economy!

Reorganization of laws and systems

After the government announced the 'hydrogen economy revitalization roadmap' in January 2019, the government has prepared follow-up measures such as a hydrogen economy standardization roadmap and a hydrogen technology development roadmap to actively build a hydrogen economy revitalization system. With the enactment of the Hydrogen Act and the establishment of the Hydrogen Economy Committee, we are gradually moving towards the hydrogen economy.

< Hydrogen economy revitalization Roadmap >

Announcing the ‘Roadmap to Revitalize the Hydrogen Economy’… Expanded to 1200 hydrogen refueling stations nationwide
By 2040, 43 trillion won in added value and 420,000 jobs will be created… as a driving force for innovative growth

On the 17th, the government announced the 'hydrogen car' and 'fuel cell', which Korea is strong in, in order to achieve the world's No. 1 hydrogen economy revitalization roadmap at Ulsan City Hall.

We plan to build 1,200 hydrogen refueling stations. By 2040, we will expand fuel cells for power generation to more than 15GW in connection with hydrogen production.

It plans to increase the supply of fuel cells for housing and buildings from 5MW last year to 50MW by 2022, and to supply 2.1GW by 2040. This is the level that can be used by 940,000 households.

We have launched various models in consideration of the characteristics of each installation location and use, and are reviewing the mandatory fuel cell requirements for public institutions and private new buildings.

[Source] Korea Policy Briefing (www.korea.kr)

< Hydrogen law Enacted >

World’s first, hydrogen law enacted (Hydrogen Economy Fostering and Hydrogen Safety Management Act)

- Preparation of legal basis for securing the safety of low-pressure hydrogen products such as water electrolysis facilities and facilities using hydrogen fuel

- Composition and operation of the ‘Hydrogen Economy Committee’, a hydrogen economy control tower chaired by the Prime Minister

- Establishment of hydrogen economy promotion system such as hydrogen industry promotion, hydrogen distribution, and designation of a hydrogen safety organization

- Securing a legal basis for building the hydrogen industry foundation, such as nurturing and supporting hydrogen specialized companies*, and supporting human resource development and standardization projects

< Green New Deal / Hydrogen power generation mandatory >

Taking a leap forward as a pioneer in the hydrogen economy through the Green New Deal

In order to systematically expand the supply of hydrogen fuel cells, a key pillar of the hydrogen economy, the government has decided to promote the introduction of the 'hydrogen power generation mandatory'.

Hydrogen infrastructure expansion is centered on the existing renewable supply system. In particular, fuel cells for power generation are supported through the RPS system designed mainly for renewable energy such as solar power and wind power.

However, there is a limit to the supply of fuel cells for power generation, and a comprehensive and detailed review of the support system beyond simple subsidies is required in other fields of the hydrogen economy.

Accordingly, the government, as the first mover of the hydrogen economy, first promotes system reform in the field of fuel cells for power generation, which has clear institutional limitations, and complements the system through research services in the remaining fields.

In this regard, the Hydrogen Act was amended to introduce the 'mandatory hydrogen power generation system', which stipulates the mid- to long-term supply obligations in the Hydrogen Basic Plan under the Hydrogen Act.

When this system is implemented, fuel cell operators for power generation will secure stable sales outlets, and it is expected that new investments of more than 25 trillion won will be created over the next 20 years.

[Source] Korea Policy Briefing (www.korea.kr)