South Korean oil refiner SK Energy Company announced it is teaming up with state-owned Korea Hydro & Nuclear Power Company (KHNP) to build a network of hydrogen vehicle charging stations nationwide.
The company, a unit of SK Innovation, which includes electric vehicle battery maker SK On, announced last week that it had signed a Memorandum of Understanding (MoU) with KHNP to introduce hydrogen fueling stations across its expanding network of “Energy Superstations.”
SK Energy is one of the country’s largest fuel traders, with a crude oil refining capacity of 840,000 barrels per day. The company intends to upgrade its existing network of forecourts to solar-powered super-stations and introduce new energy retail services including electric vehicle charging systems and hydrogen fuel cell vehicle refueling systems alongside traditional gasoline, diesel and LPG services.
The company’s first energy superstation was built last year and is currently selling solar-generated electricity back to the public grid.
However, the expected new regulations will allow SK Energy to use the electricity generated to run its own fuel stations.