A special purpose company established to roll out 100 hydrogen stations in Korea by 2022 has ordered two H2Station®’s from Nel Korea.
Korea has a national ambition to have more than 300 hydrogen stations operational by 2022 and Hydrogen Energy Network (HyNet) will contribute towards this goal.
Nel Korea, a Nel ASA subsidiary, has invested €0.8m in HyNet and simultaneously received the €2.7m purchase order.
“With a total of 10 H2Station orders in Korea so far in 2019, it’s quickly becoming one of our most important markets for fuelling stations,” said Jon André Løkke, CEO of Nel.
“We’re happy that the effort we have put in through several years of good dialogue, good partnerships and establishing a local presence in Korea is bearing fruit.”
“We can safely say we have had a breakthrough in this dynamic and important market, and I’m very proud of what our team has accomplished so far.”
Simon Choi, Vice-President of Nel Korea, added, “Alongside the investment in HyNet, which is becoming a strong force for establishing the hydrogen infrastructure in Korea, we’re happy to receive a purchase order for two additional hydrogen fuelling stations.
“We very much look forward to continue contributing to the successful execution of these ambitions in the years to come.”