Lotte SK Eneroot has launched the Ulsan Hydrogen Power 2, a 20MW hydrogen fuel cell power plant in Ulsan, South Korea. The plant is situated within Lotte Chemical's existing plant and has a capacity to generate 160 gigawatt-hours of electricity annually, enough to power approximately 40,000 households. This initiative plays a significant role in supporting clean energy objectives, improving regional infrastructure, and kickstarting a series of planned hydrogen projects. The power plant utilizes a hydrogen-exclusive fuel cell system, ensuring zero carbon emissions and enabling an easy transition to clean hydrogen in the future. Additionally, the plant incorporates waste heat recovery, enhancing energy efficiency and aiding in greenhouse gas emissions reduction. Beyond its environmental benefits, the project is set to bring about various regional advantages including the expansion of distributed power sources, increased tax revenues, and the creation of new job opportunities. Lotte SK Eneroot intends to expand its hydrogen infrastructure further, with plans to establish a total of four hydrogen fuel cell plants by November 2026, totaling 80MW. Executives from the company expressed their commitment to advancing South Korea's hydrogen economy and achieving carbon neutrality goals through such initiatives.