HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HD KSOE)

At NVIDIA GTC 2024, Siemens and NVIDIA demonstrated how HD Hyundai could visualize digital twins of liquified natural gas carriers, which can comprise over 7 million discrete parts, helping validate products before moving to production.

🌟 We are pleased to announce that Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE), a member of HD Hyundai Group, invests €45m in Elcogen’s Solid Oxide technology to further deepen the collaboration on emission-free power generation systems as well as #greenhydrogen production! 🌟 👉 HD Hyundai’s investment follows an extensive period of testing the full range of technology available in the market, following which an R&D collaboration agreement was signed with Elcogen in January 2023, which was focused on further testing of Elcogen’s technology and development of systems. 👉 Following this investment, HD Hyundai and Elcogen intend to further strengthen their collaboration with a focus on marine propulsion systems and stationary power generation based on Elcogen’s proprietary solid oxide fuel cell and green hydrogen production based Elcogen’s solid oxide electrolyser cell technology. 👉 This investment will be used to expand Elcogen’s manufacturing capacity as it continues to build the Company’s new factory facility in Tallinn, Estonia, with a manufacturing capacity of up to 360MW to meet increasing demand for its products. HD Hyundai have chosen Elcogen’s #SOFC and #SOEC technology because: ✔ of its #flexibility to produce electrical energy from a variety of fuels such as hydrogen, natural gas, ammonia, methanol, and biofuel; ✔ its suitability for ship engines and cogeneration as it is highly energy #efficient and can use waste heat generated from high-temperature operation (600~1000℃); and ✔ it is considered the most advanced among all fuel cells developed to date. 🟢 Christopher Nash, Chairman of Elcogen, said: “We are delighted to welcome HD Hyundai as a close working partner and now as a shareholder. I believe this is a vote of confidence in our technology from a world leader in industrial innovation and shipbuilding. We look forward to building on this relationship as we continue working together.” 🟢 Enn Õunpuu, CEO of Elcogen: “There is a huge amount of pressure for heavy industries to decarbonise and meet net zero targets, not least maritime transport. We are delighted that HD Hyundai has built upon our strategic partnership to invest directly into Elcogen, recognising the key role our proprietary Solid Oxide technology will have in leading the world to net zero, providing a clear and external validation of Elcogen.” 🟢 Kisun Chung, CEO of HD Hyundai/KSOE: “We expect this investment, and the strategic collaboration HD Hyundai and Elcogen will build together, will lay the cornerstone for realising the sustainable future energy ecosystem HD Hyundai envisions, which includes developing next generation clean energy technologies and expanding the value chain capabilities of future core energy sources, including hydrogen.” 🎯 More information available via https://elcogen.com #hydrogen #sofc #soec #energystorage #greenenergy #cleanenergy #fuelcells #maritime #maritimeindustry #greenhydrogen #hdhyundai

🆕 Press Release 🆕 ABS Joins Landmark Project for Dual-Fuel Ammonia Carrier   https://lnkd.in/gQ_DEskR   At Gastech 2023, ABS signed a memorandum of understanding (MoU) to review an innovative new design from HD Hyundai Heavy Industries Co., Ltd (HHI) for a dual-fuel, very large #ammonia carrier (VLAC) for Eastern Pacific Shipping Pte. Ltd. (EPS). #Shipping #ShipsAndShipping