Nikkiso Clean Energy & Industrial Gases Group to build LH2 fueling stations in South Korea

SEOUL, SOUTH KOREA – Nikkiso Clean Energy & Industrial Gases Group, part of Nikkiso Co. Ltd.’s Industrial division, announced that it has secured contracts to build and maintain approximately two dozen liquid hydrogen (LH2) fueling stations in South Korea, following its latest award by SK Plug Hyverse.

As fleet operators, transit authorities, and agencies aim to reduce carbon emissions while maintaining long-distance driving capabilities, liquid hydrogen is emerging as a key solution.

Nikkiso’s extensive experience in developing cryogenic pumps and alternative fuels fueling stations has made it a preferred partner for companies like SK Plug Hyverse, which are keen to expand South Korea’s hydrogen infrastructure.

South Korea’s Hydrogen Economy Roadmap outlines ambitious targets to produce 6.2 million fuel cell electric vehicles and establish at least 1,200 hydrogen refuelling stations by 2040.

The roadmap also includes plans to ramp up hydrogen buses to 41,000 and aims to supply 15 GW of fuel cell power generation. As of November 2023, South Korea had 160 hydrogen refuelling stations nationwide, with a goal to expand this network to 660 stations by 2030.

“SK Plug Hyverse is a tremendous partner for Nikkiso in South Korea because together we bring exceptional capabilities and people to support South Korea’s progressive approach to establishing a competitive hydrogen economy,” said Peter Wagner, CEO of Nikkiso Clean Energy & Industrial Gases.

“Nikkiso admires South Korea’s productive and pragmatic approach to scaling up the hydrogen economy, and we look forward to further opportunities supporting its efforts.”

The Nikkiso Clean Energy & Industrial Gases Group is a leading provider of cryogenic equipment, technologies, and applications for the clean energy and industrial gas market segments. The Group employs more than 1,600 people across 22 countries and is managed by Cryogenic Industries, Inc. in Southern California, U.S., a wholly owned subsidiary of Nikkiso Co., Ltd. (TSE: 6376).

Mike Mackey, President of Fueling & Solutions at Nikkiso Clean Energy & Industrial Gases, highlighted the company’s comprehensive offerings: “There aren’t many companies that have Nikkiso’s vertically integrated fueling station with in-house liquification systems and trailer loading systems, cryogenic pumps, vacuum insulated pipe, vacuum insulated vessels, cryogenic vaporizers, industrial controls, permitting, installation, and maintenance services. We’ve been building alternative fueling stations since 1998 and are proud that the work we do supports a cleaner, healthier world.”

Several liquid hydrogen stations in South Korea have already been commissioned, successfully fueling buses back-to-back and ramping up to capacity. The remaining stations are scheduled to come online over the next 12 months.