Hydrogen Rivalry Intensifies With South Korea Challenging Europe
- Korean firms to invest $38 billion in the fuel through 2030
- Green hydrogen ‘conspicuously missing’ from nation’s plans
Photographer: Ed Jones/AFP/Getty Images
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South Korea’s plans to pump billions of dollars into hydrogen are positioning it to take on Europe as the leader in the emerging technology, although it’s lagging behind on investing in the cleanest form of the fuel.
The Asian nation is among around a dozen countries that have strategies for hydrogen, a carbon-free gas that can be burnt or used in fuel cells for power generation or transportation. Cleaner than wind or solar, the technology is expected to eventually play a major role in the global energy mix but is still in its infancy and requires a lot of investment before it’s commercially viable.