State-owned Kepco will buy the hydrogen power
South Korea to launch hydrogen power auctions
Pioneering tender process designed to spark competition in hydrogen-based generation
South Korea is preparing to hold one of the world’s first auctions for electricity generated from hydrogen in a move Seoul hopes will kickstart competition among nascent hydrogen-based power generation technologies and accelerate cost reduction. The auction, scheduled to launch in mid-July, is thought to be the first of its kind in the world and marks the first step in South Korea’s efforts to commercialise green and blue hydrogen-based power generation by 2027. It will also create one of the world’s first hydrogen consumption mandates. The tender will involve 650GWh of energy generated from ‘general hydrogen’—namely carbon-intensive grey hydrogen—for delivery in 2025, according to the Korea
Also in this section
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
