Connection

popular articles

Egypt authorises four private producers to supply 400 MW of electricity to industrial clients
Morocco funds expert mission to revive offshore exploration
AMEA Power commissions Africa’s largest wind power plant in Egypt
Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation
OMV invests in 140 MW electrolyser to secure hydrogen supply

Hystar signs second contract in South Korea with Sunbo Unitech

Hystar has signed a new agreement with Sunbo Unitech to supply PEM electrolyser stacks for a green hydrogen project in Boryeong, South Korea, marking its second contract in this strategic market.
  • [favorite_button]

Please share:

Norwegian company Hystar AS has announced the signing of a second contract in South Korea, this time with Sunbo Unitech, to supply proton exchange membrane (PEM) electrolyser stacks. These units will be integrated into Sunbo Unitech’s Balance of Plant (BOP) system for a project located in Boryeong. Upon final commissioning, the complete system will be handed over to the Shin Boryeong power station operated by Korea Midland Power (KOMIPO).

KOMIPO, one of the leading electricity producers in South Korea, will use the hydrogen generated by the system to refuel fuel cell electric vehicles (FCEVs), including buses operating in the region. This project reflects the country’s industrial push towards diversifying energy sources through green hydrogen.

An industrial partnership with Sunbo Unitech

The agreement with Sunbo Unitech confirms Hystar’s commitment to positioning itself as a key supplier of solutions for hydrogen system integrators. The delivery of PEM stacks demonstrates the adaptability of Hystar’s technology to local installations and integrated value chains. Module integration into Sunbo’s systems is scheduled in the coming months, although the delivery timeline has not been disclosed.

Fredrik Mowill, Chief Executive Officer of Hystar, stated: “We are pleased to close another contract in South Korea. We look forward to working with Sunbo to successfully deploy our electrolyser stacks in their Boryeong project.”

Growing presence in the Asian market

This contract follows a series of developments for Hystar, including a recent $36mn funding round and a €26mn ($28mn) grant from the European Union Innovation Fund. These resources will enable Hystar to strengthen its presence in international markets, particularly in Asia, where demand for hydrogen infrastructure continues to rise. South Korea, with its national strategy focused on hydrogen mobility, represents a key strategic market for the company.

Register free of charge for uninterrupted access.

Publicite

Latest news

Egypt authorises four private producers to supply 400 MW of electricity to industrial clients
Morocco funds expert mission to revive offshore exploration
AMEA Power commissions Africa’s largest wind power plant in Egypt
Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation
OMV invests in 140 MW electrolyser to secure hydrogen supply

Recently published in

Nigeria ties tax incentives to performance to revive upstream oil sector

Nigeria introduces a tax credit capped at 20% for oil operators meeting cost reduction targets, with a focus on gas and offshore projects.
Egypt authorises four private producers to supply 400 MW of electricity to industrial clients
Four renewable energy producers have been authorised to sell 400 MW directly to Egyptian industrial companies without public support.
en_1140290948540-2
Egypt authorises four private producers to supply 400 MW of electricity to industrial clients
Four renewable energy producers have been authorised to sell 400 MW directly to Egyptian industrial companies without public support.
en_1140290948540-2
Morocco funds expert mission to revive offshore exploration
Following the withdrawal of two British companies, Morocco launches a MAD2.5mn ($270,000) expert mission to boost the appeal of its offshore oil and gas sector.
en_1140290949540-2
Morocco funds expert mission to revive offshore exploration
Following the withdrawal of two British companies, Morocco launches a MAD2.5mn ($270,000) expert mission to boost the appeal of its offshore oil and gas sector.
en_1140290949540-2
AMEA Power commissions Africa’s largest wind power plant in Egypt
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
en_1140290950540-2
AMEA Power commissions Africa’s largest wind power plant in Egypt
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
en_1140290950540-2

Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation

Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).
OMV invests in 140 MW electrolyser to secure hydrogen supply
Austrian group OMV has confirmed a major investment in a green hydrogen production unit in Lower Austria, aimed at securing its Schwechat refinery operations by the end of 2027.
en_1140290952540-2
OMV invests in 140 MW electrolyser to secure hydrogen supply
Austrian group OMV has confirmed a major investment in a green hydrogen production unit in Lower Austria, aimed at securing its Schwechat refinery operations by the end of 2027.
en_1140290952540-2
Russian gas deliveries to Europe via TurkStream rise 10% in May
Gazprom increased its daily natural gas exports to Europe via the TurkStream subsea pipeline, reaching 46 million cubic metres per day in May, according to Reuters calculations.
en_1140290953540-2
Russian gas deliveries to Europe via TurkStream rise 10% in May
Gazprom increased its daily natural gas exports to Europe via the TurkStream subsea pipeline, reaching 46 million cubic metres per day in May, according to Reuters calculations.
en_1140290953540-2
South Korea begins site evaluation for Uganda’s first nuclear reactor
Korea Hydro & Nuclear Power signed a 26-month contract to assess a site in Uganda’s Buyende region for its first nuclear reactor, in compliance with International Atomic Energy Agency standards.
en_1140290954540-2
South Korea begins site evaluation for Uganda’s first nuclear reactor
Korea Hydro & Nuclear Power signed a 26-month contract to assess a site in Uganda’s Buyende region for its first nuclear reactor, in compliance with International Atomic Energy Agency standards.
en_1140290954540-2

BP signs final investment decision for 240 MW solar power plant in Azerbaijan

The Shafag 11 project in Jabrayil, backed by BP, SOCAR and the Azerbaijan Investment Company, secures a $200mn commitment at the Caspian Oil and Gas Exhibition.
Naftogaz secures €36.4mn loan to upgrade drilling equipment
Naftogaz will fund the purchase of new drilling platforms through a €36.4mn loan from the European Bank for Reconstruction and Development, following a sharp decline in gas production due to Russian strikes.
en_1140290956540-2
Naftogaz secures €36.4mn loan to upgrade drilling equipment
Naftogaz will fund the purchase of new drilling platforms through a €36.4mn loan from the European Bank for Reconstruction and Development, following a sharp decline in gas production due to Russian strikes.
en_1140290956540-2
Natural Gas: A Competitive Energy Solution Compared to Renewables Through CCS
Natural gas combined with carbon capture achieves emission levels comparable to wind and solar power, positioning itself as an economical alternative to renewables despite intermittency and high battery storage costs.
en_1140290943540-2
Natural Gas: A Competitive Energy Solution Compared to Renewables Through CCS
Natural gas combined with carbon capture achieves emission levels comparable to wind and solar power, positioning itself as an economical alternative to renewables despite intermittency and high battery storage costs.
en_1140290943540-2
The maritime industry faces a critical biofuel shortage by 2028
Global biodiesel and bio-LNG supply struggles to keep pace with rising maritime demand, posing an immediate risk to the sector’s emissions reduction targets.
en_1140290958540-2
The maritime industry faces a critical biofuel shortage by 2028
Global biodiesel and bio-LNG supply struggles to keep pace with rising maritime demand, posing an immediate risk to the sector’s emissions reduction targets.
en_1140290958540-2

Davidson Kempner acquires Swire Energy Services to strengthen offshore presence

US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
International Petroleum repurchases 89,200 shares under its NCIB programme
International Petroleum Corporation repurchased 89,200 common shares between 26 and 30 May under its buyback programme compliant with Canadian and European regulations.
en_1140290968540-3-1-768x364
International Petroleum repurchases 89,200 shares under its NCIB programme
International Petroleum Corporation repurchased 89,200 common shares between 26 and 30 May under its buyback programme compliant with Canadian and European regulations.
en_1140290968540-3-1-768x364
Flex LNG secures $175 mn lease financing for Flex Courageous vessel
Flex LNG has finalised a $175 mn lease financing for its Flex Courageous vessel, generating $42 mn in net proceeds as part of a financial restructuring plan announced earlier this year.
en_1140290943540-18
Flex LNG secures $175 mn lease financing for Flex Courageous vessel
Flex LNG has finalised a $175 mn lease financing for its Flex Courageous vessel, generating $42 mn in net proceeds as part of a financial restructuring plan announced earlier this year.
en_1140290943540-18
EDF blocks Czech nuclear contract with KHNP on legal grounds
EDF is challenging the legality of the nuclear contract awarded to KHNP, citing potential South Korean state support in violation of EU rules, leading to a temporary suspension of the Dukovany II project.
en_1140290957540-2
EDF blocks Czech nuclear contract with KHNP on legal grounds
EDF is challenging the legality of the nuclear contract awarded to KHNP, citing potential South Korean state support in violation of EU rules, leading to a temporary suspension of the Dukovany II project.
en_1140290957540-2

Up to 30% of ASEAN data centres could be powered without batteries by 2030

A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
US oil rig count falls to lowest level since 2021
US energy companies reduced the number of active rigs for the fifth consecutive week, reaching their lowest level since November 2021, according to data published by Baker Hughes.
en_1140290943540
US oil rig count falls to lowest level since 2021
US energy companies reduced the number of active rigs for the fifth consecutive week, reaching their lowest level since November 2021, according to data published by Baker Hughes.
en_1140290943540
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Port Arthur LNG Phase 2 project receives export authorisation to non-FTA countries
Sempra Infrastructure has received approval from U.S. authorities to export 13.5 Mtpa of liquefied natural gas to countries without free trade agreements, marking a key step in developing the Port Arthur LNG Phase 2 terminal.
en_1140290962540
Port Arthur LNG Phase 2 project receives export authorisation to non-FTA countries
Sempra Infrastructure has received approval from U.S. authorities to export 13.5 Mtpa of liquefied natural gas to countries without free trade agreements, marking a key step in developing the Port Arthur LNG Phase 2 terminal.
en_1140290962540

EOG Resources acquires Encino for $5.6bn and strengthens its Utica footprint

EOG Resources finalises a $5.6bn acquisition of 675,000 net acres from Encino Acquisition Partners, consolidating its strategic position in the Utica formation and increasing its dividend by 5 %.
Washington cancels $3.7bn in federal subsidies for carbon capture
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
en_1140290947540
Washington cancels $3.7bn in federal subsidies for carbon capture
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
en_1140290947540
U.S. Carbon Black Market: Growing Uncertainty Amid Industrial Tensions
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
en_1140290948540
U.S. Carbon Black Market: Growing Uncertainty Amid Industrial Tensions
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
en_1140290948540
Natural gas demand for power generation drops in the United States in May 2025
In May 2025, natural gas demand for electricity generation in the United States declined, influenced by cooler weather conditions and a significant increase in solar generation.
en_1140290952540
Natural gas demand for power generation drops in the United States in May 2025
In May 2025, natural gas demand for electricity generation in the United States declined, influenced by cooler weather conditions and a significant increase in solar generation.
en_1140290952540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS