REGISTRATION
27 Old Gloucester Street
London WC1N 3AX
UNITED KINGDOM
(Company number 14929369)
LONDON OFFICE
50 Grosvenor Hill
London W1K 3QT
UNITED KINGDOM

South Korea Selects a Bidder in the First Clean Hydrogen Power Auction

South Korea announced the result of its first power auction focused on clean hydrogen and ammonia under the Clean Hydrogen Portfolio Standard (CHPS).

Among the five bidders, only one advanced to further negotiations, as it was the sole bidder to stay below the undisclosed price ceiling set by the Korean government.

A total of 5,782 GWh was registered out of the 6,500 GWh opening volume, indicating a slight under-subscription. However, only 11% (or 750 GWh) of the opening volume was qualified.

This outcome identified key challenges in developing Korea’s clean hydrogen power sector, which need to be addressed to attract more participants and successful bids in future CHPS rounds.

Here are some publications that may interest you

H2Global announces a joint auction between Germany and Australia

Exciting news for clean energy cooperation between Germany and Australia. The two countries will contribute EUR 400 million to a…

Read more
EU Renewable Hydrogen Tear sheets

2023 has been a pivotal year for renewable hydrogen in the EU with the definition of "renewable hydrogen" (RFNBO), adoption…

Read more
Clean hydrogen subsidy tracker (January 2024)

2022 to 2024 has been pivotal for the hydrogen industry with the announcement of multiple subsidy programs for the production…

Read more
Green Ammonia for co-firing in power plants; A promising use case to decarbonise power generation

Thermal generation is the largest source of power and heat today with around 60% of the energy mix dominated by…

Read more
Norsk Hydro produces World’s first aluminium using green hydrogen

Kudos to Norsk Hydro and Hydro Havrand for producing world's first aluminium batch using green hydrogen This is a great…

Read more
Japan unveils details of its clean hydrogen and ammonia support scheme

The Japanese government has released details of the clean hydrogen subsidies under the Hydrogen Society Promotion Act, outlining three types…

Read more