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
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
5 December 2025
European Commission highlights rapid growth of Chinese production this year, as it retains strict procurement rules in latest European Hydrogen Bank subsidy auction
2 December 2025
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
