Nel ASA’s subsidiary in South Korea, Nel Deokyang has secured a purchase order for H2Station hydrogen fueling solution from Joong Do Gas, a retail company involved in sales of LPG fuel in South Korea.
The €2m order marks the first installation in Korea, and the first compact fueling station solution to follow a new gas law and local standards.
Nel CEO Jon André Løkke said: “This is the breakthrough we have been working intensively with over the course of the last year. As the first pure H2Station delivery from Nel, not only in Korea, but in Asia in general, this is a landmark achievement for Nel, as we continue to position ourselves as a truly global hydrogen company.”
In April, the South Korean Government announced the establishment of a Special Purpose Company (SPC) for expanding the country’s hydrogen infrastructure with the goal of installing hydrogen fueling stations along most traveled roads and highways, as well as in Seoul and other major cities.
Nel is participating in this SPC through its joint venture, Nel-Deokyang, along with other participants from major South Korean corporations, state-run utilities and automakers.
Løkke said: “South Korea is currently one of the fastest movers within the industry, with an ambition of having 100 hydrogen fueling stations online by 2020. We are very happy to kickstart our deliveries in South Korea and expect to continue to further penetrate the market as we move forward.”
The H2Station solution has an order value of €2m and will be installed alongside conventional fuels on the existing forecourt of an LPG station, which also marks a first in Korea. The station is supported by the Korean Automotive Environment Association, and installation will commence towards the end of 2018.
Source: Company Press Release