In June, the South Korean government launched the world’s first auction for clean-hydrogen-fired power generation, for up to 6,500GWh annually — roughly equivalent to a 100MW baseload power plant operating at full capacity all year — over a 15-year period, starting by 2028.
A consensus is growing in the country that local companies importing green and blue hydrogen from overseas are most likely to achieve the lowest bids, and therefore win at November’s auction, according to Korean broadsheet Hankyoreh.
The newspaper reports that 24 of the 26 companies selected as “preliminary review consulting targets for clean hydrogen certification” by the Ministry of Trade, Industry and Energy at the end of March were foreign suppliers (although one is owned by a Korean company).
