The electrolyser will be part of a mobility project located in Buan, in the province of North Jeolla.
This is the second contract signed between Elogen and Valmax in the framework of the collaboration agreement signed in May 2022 to supply electrolysers in South Korea to produce green hydrogen.
The Project Consortium, which consisted of Buan’s Jeonbuk Techno Park, Korea Hydro & Nuclear Power, Hyundai Engineering & Construction, Techcross Water & Energy, and Techcross Environmental Services, was selected as the first of the ‘Water Electrolysis-based Hydrogen Production Base Projects’ by the Korean Ministry of Trade, Industry and Energy in 2022.
Valmax will locally assemble the Balance of Plant (BoP) of the electrolyser, which Elogen will supply in Buan in 2025.
Jean-Baptiste Choimet, Managing Director of Elogen, said: “We are very proud to sign this second contract with our partner Valmax and contribute, with our PEM electrolysis technology, to another key mobility project in Korea. This new contract further demonstrates the relevance of our strategy to develop a strong network of local partners for assembly of BoP and maintenance to support our commercial expansion internationally.”
Dr. Dong Yeol Park, CEO of Valmax Technology Corporation, commented: “In South Korea, Elogen and Valmax are starting an innovative hydrogen project in Buan, following their previous project in Pyeongchang. With these initiatives, Valmax introduces Elogen’s cutting-edge electrolysis technology to the Korean market. We aspire to expand our collaborative efforts with Elogen to encompass large-scale projects outside of Korea, potentially in Asia-Pacific or the Middle East, with the aim of establishing market leadership in the energy sector of new generation.”
