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Siemens Energy and KOGAS sign MoU to collaborate on green hydrogen projects

Under the agreement, the two companies will collaborate closely across all areas of hydrogen business to pursue the production of green hydrogen and its use in power generation. This includes a demonstration project for large-scale domestic green hydrogen production and supply; hydrogen turbine power generation; joint research for overseas green hydrogen production and transport strategies; and technological development to secure competitiveness in the hydrogen business.  
Through the close collaboration and co-innovation, Siemens Energy and KOGAS share a joint commitment to empower South Korea’s renewable energy advancement by expanding their green hydrogen generation capacity.  
Mr. HeeBong Chae says, “By embarking on a global partnership with a world leader in the hydrogen technology, we are committed to accelerating overseas production and transport of green hydrogen. In addition to contributing to the nation’s carbon neutrality drive, we ultimately look to emerge as the nation’s leading hydrogen company.”  
Building upon this, Dr. Jochen Eickholt adds: “We are confident that our strategic collaboration with KOGAS and our mutual technologies can yield groundbreaking new frontiers. Siemens Energy stands ready to further support South Korea in its pursuit of carbon neutrality through the expansion and development of the country's green hydrogen projects.”

Siemens Energy and Korea Gas Corporation (KOGAS) signed a Memorandum of Understanding (MoU) presided over by Dr. Jochen Eickholt, Executive Board Member of Siemens Energy AG (Fifth from the left), and Mr. HeeBong Chae, President and CEO of KOGAS (Fifth from the right).

Siemens Energy and Korea Gas Corporation (KOGAS) signed a Memorandum of Understanding (MoU) presided over by Dr. Jochen Eickholt, Executive Board Member of Siemens Energy AG (Left), and Mr. HeeBong Chae, President and CEO of KOGAS (Right).

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Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020. www.siemens-energy.com.
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SeungYoun Lee

Siemens Energy South Korea

+82 10-4697-3840