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Hydrogen Fund Launched as the Largest Private Hydrogen Council in Korea

By June 27, 2022 4   min read  (617 words)

June 27, 2022 |

Fuel Cells Works, Hydrogen Fund Launched as the Largest Private Hydrogen Council in Korea

The ‘2022 Investor Day’ event hosted by ‘Korea H2 Business Summit’, the largest private hydrogen consultative body in Korea established under the leadership of top executives of Korea’s leading companies, will be held from July 6 to 7 at Dongdaemun Design Plaza (DDP) in Seoul. ) will be held in

At this event, 17 domestic member companies including Hyundai Motor Group, SK Group, and POSCO Group, as well as executives from foreign energy companies and investment and finance companies, attended the event to discuss the current status and vision of the Korean hydrogen business, and held a ceremony to launch a hydrogen fund (tentative name) prepared by the council. will have

At the event that opens with a keynote speech by Deloitte Consulting, the secretariat of the Korea H2 Business Summit (hereafter referred to as the consultative body), Mirae Asset, which has been selected as the representative manager of the hydrogen fund (tentative name), plans to present the structure of the fund and future investment directions.

“In the hydrogen industry, which is still in its infancy, high growth potential and uncertainty coexist throughout the value chain,” said an official from the council. The main goal of the launch of this hydrogen fund is to jointly develop various technologies and infrastructure that encompasses utilization to lay the groundwork for the growth of the hydrogen ecosystem in Korea.”

There is also an IR presentation session where you can get a glimpse of the hydrogen business status of each member company that has joined the council, as well as future plans and visions for hydrogen business.

In addition, as it is expected that exchanges for joint projects and investment opportunities with each member company will be possible through a separate networking booth, interest from domestic and foreign energy companies and investors is increasing.

An official from the council said, “As society’s demands for decarbonization and the possibility of the development of the hydrogen economy are rising, attention is paid to each company’s future progress, such as future hydrogen business prospects and related investment plans.”

In addition, high-level officials from domestic and foreign public institutions and foreign companies are expected to attend this event. On the morning of the 7th, the first day of the event, following the congratulatory speech of the Ministry of Trade, Industry and Energy, high-level officials from the international organization IRENA (International Renewable Energy Agency), foreign government funds, New York State Pension Fund (NYSCRF), and London Pension Fund (LGPS) will give speeches and lectures. Is expected.

In addition, over two days, key executives from overseas financial companies such as Barclays and BNP Paribas and global energy companies such as Engie, InterContinental Energy, and Orsted will attend and present their investment prospects and business plans in the global hydrogen and decarbonization market.

In addition, there will be two panel discussions attended by domestic law firms and academics as chairpersons, so it is expected that various discussions will take place on the topic of ways to revitalize investment in the domestic hydrogen industry and the possibility of cooperation between domestic and foreign companies.

In addition to the company employees who have been invited to this event, they can apply for participation through pre-registration on the official website. On the day of the event, you can watch live streaming through the Korea H2 Business Summit official YouTube channel. Korean-English simultaneous interpretation will be provided for overseas participants.

Fuel Cells Works, Hydrogen Fund Launched as the Largest Private Hydrogen Council in KoreaMeanwhile, the Korea H2 Business Summit, the largest private hydrogen consultative body in Korea, was launched in September last year to spread the hydrogen economy early and play a key role in strengthening the competitiveness of Korean companies.

SOURCE: NEWS DIRECTORY3

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