Hystar AS Expands Hydrogen Footprint in South Korea with Sunbo Unitech Partnership
Key Ideas
  • Hystar AS secures a contract with Sunbo Unitech in South Korea to supply PEM electrolyser stacks for a project in Boryeong, emphasizing the growing demand for green hydrogen in the region.
  • The hydrogen generated will be used by KOMIPO to refuel FCEVs, aligning with South Korea's drive towards diversifying energy sources through green initiatives.
  • Hystar's partnership with Sunbo Unitech solidifies its position as a key hydrogen solutions supplier, showcasing the adaptability of its technology to local installations.
  • With recent funding rounds and grants, Hystar is poised to enhance its presence in the Asian market and capitalize on the increasing demand for hydrogen infrastructure, particularly in South Korea's hydrogen mobility sector.
Norwegian company Hystar AS has secured a second contract in South Korea with Sunbo Unitech to supply proton exchange membrane (PEM) electrolyser stacks for a project in Boryeong. These stacks will be integrated into Sunbo Unitech's Balance of Plant (BOP) system, intended for the Shin Boryeong power station operated by Korea Midland Power (KOMIPO). The hydrogen produced will be utilized to refuel fuel cell electric vehicles (FCEVs), including buses in the region, aligning with South Korea's initiative to diversify energy sources through green hydrogen. The partnership with Sunbo Unitech highlights Hystar's commitment to becoming a key supplier of hydrogen system integrators. The adaptability of Hystar's technology to local installations is emphasized, with the module integration into Sunbo Unitech's systems set to take place in the near future. Fredrik Mowill, the CEO of Hystar, expressed satisfaction with the new contract and looks forward to deploying the electrolyser stacks successfully. This development comes on the heels of Hystar's recent funding round and grant from the European Union Innovation Fund, totaling $64 million. These financial boosts will enable Hystar to further expand its presence in international markets, focusing on Asia's rising demand for hydrogen infrastructure. South Korea's strong emphasis on hydrogen mobility makes it a strategic market for Hystar's growth and showcases the company's commitment to driving the transition towards sustainable energy solutions.
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