South Korea Unveils its Largest Hydrogen Fuel Cell Power Plant in Gyeongju

South Korea is embarking on a transformative energy journey with its announcement to construct the nation’s largest hydrogen fuel cell power plant in Gyeongju, Gyeongsangbuk-do. This landmark project, dubbed the Gangdong Hydrogen Fuel Cell Power Plant, is set to redefine energy production in the region and contribute significantly to economic revitalization.

A Massive Step Toward Energy Sustainability

With a projected capacity of 107.9 MW, the plant will supply clean electricity to power approximately 270,000 four-person households annually. The estimated cost for the project is 771.6 billion won ($550 million), funded through a mix of public and private investments under the supervision of the Ministry of Strategy and Finance.

Construction is set to begin in March 2025, with operations slated to commence by March 2028. This initiative marks the fourth venture under South Korea’s Regional Activation Investment Fund, a program aimed at fostering regional development and addressing energy shortages in key industrial areas.

Bolstering Local Economies and Industry

The Gangdong Hydrogen Fuel Cell Power Plant is expected to enhance energy reliability for industrial hubs such as Pohang Yeongil Bay and Blue Valley Industrial Complexes, which currently face power deficits. By creating approximately 1,200 jobs and generating corporate tax revenues estimated at 73.3 billion won, the project is poised to stimulate local economic growth.

Governor Lee Cheol-woo emphasized the importance of the initiative, stating, “This project represents the synergy of private investment and energy transformation policy. It is a starting point for linking energy strategies with advanced industry policies. Gyeongsangbuk-do aims to become a model region for self-sufficient and impactful investment projects.”

A Broader Vision for Regional Development

The Regional Activation Investment Fund, a collaborative effort among government bodies, local administrations, and private investors, continues to back transformative projects nationwide. Past initiatives include the Chungbuk Danyang Station Complex Tourism Complex and the Jeonnam Yeosu Myodo LNG Terminal.

To further strengthen its impact, the Ministry of Strategy and Finance is planning to expand the fund by an additional 300 billion won in 2025, reiterating its commitment to regional revitalization and sustainable energy solutions.

A Pioneering Path for South Korea’s Energy Transition

The Gangdong Hydrogen Fuel Cell Power Plant signals South Korea’s dedication to harnessing clean energy technologies to address energy demands and drive regional growth. As the largest hydrogen power project in the country, it underscores the pivotal role of hydrogen in the nation’s future energy landscape.