H2Korea Chairman Moon Jae-do, left, and Vatgas Sverige Chairman Anders Lundell hold a memorandum of understanding after agreeing to cooperate in the hydrogen-related businesses on April 6. Photo courtesy of H2Korea

Two countries inking a pair of agreements

South Korea and Sweden agreed to work together to develop hydrogen energy-associated businesses, which are sought by governments and corporations across the world.

H2Korea said on April 6 that it had signed a memorandum of understanding (MOU) with Vatgas Sverige, or Hydrogen Sweden, to collaborate in the emerging, eco-friendly energy businesses.

Headed by Chairman Moon Jae-do, the former is Korea’s state-backed organization aimed at leading the global hydrogen industry.

The latter, which is led by Chairman Anders Lundell, is a public-private partnership of Sweden with members and financiers from industry, NGOs, and local/regional/national governments.

The MOU was signed by Chairman Moon and Chairman Lundell through a video conference.

Under the bilateral pact, the two sides agreed to join hands to host various events periodically, support civilian cooperation, and develop policies related to the hydrogen business.

On top of the MOU, Vatgas Sverige signed a letter of intent (LoI) to take part in the Global Hydrogen Industrial Association Alliance (GHIAA) to be launched next month in Seoul.

The GHIAA will bring together hydrogen industry associations, which represent a total of 17 countries, including South Korea, the United States, Canada, Australia, the United Kingdom, China, Sweden, and Norway.

Chairman Moon said that the partnership between the two countries would accelerate the development of hydrogen-related businesses down the road.

“Governments of the two nations have discussed transition to the green energy sources. Today’s MOU would help the discussion permeate to the private sector,” he said.

Chairman Lundell said that corporations of the two sides would be able to sharpen their competitiveness in the hydrogen business by sharing best practices and experiences.