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Enapter AG receives major order from South Korea

  • Sale of two AEM multicore with 2 MW electrolysis capacity
  • The only European company in the Korean hydrogen pilot project
  • Long-standing integration partner YEST handles installation

BERLIN, Jan. 30, 2023 /PRNewswire/ — Enapter AG (ISIN:DE000A255G02), together with its partner YEST, has won an order for the delivery of two AEM electrolyzers with a total capacity of 2 MW from South Korea. The system will be used in a 12.5 MW hydrogen pilot project on Jeju Island. The demonstration project is supported by 62 billion South Korean won (US$43.3 million) by the South Korean Ministry of Industry and Trade (MOTI) and aims to investigate and compare hydrogen production with different electrolysis techniques. Of the five companies selected for the project, Enapter AG is the only technology supplier from Germany or Europe. The supplied systems are expected to produce more than 1,000 tons of green hydrogen per year. Two AEM multicore electrolyzers will be installed in this pioneering project for South Korea by YEST Company, which is already supporting Enapter as an integration partner from 2021.

Enapter sells two MW AEM electrolyzer to South Korean hydrogen pilot project

With AEM Multicore, Anaptor has developed an affordable alternative to traditional systems. This electrolyzer can supply about 450 kg of green hydrogen per day. By using multiple units in parallel, production can be expanded to an industrial scale.

Sebastian-Justus Schmidt, CEO of Enaptor: “Korea is one of the world’s leading countries in the field of green hydrogen. We are more than happy to expand our partnership with YEST and accelerate our collaboration. This joint project A building block of the global path to carbon neutrality.”

Jung Dong-bok, CEO of Yeste: “With Adapter, we have a strong partner. We want to further improve the competitiveness of green hydrogen and take advantage of the synergies. The Korean government’s initiative gives us a very good provides a foundation.”

About Enapter

Enapter is an innovative energy technology company that manufactures highly efficient hydrogen generators – known as electrolyzers – to replace fossil fuels and thus drive the global energy transition. Their patented and proven Anion Exchange Membrane (AEM) technology enables mass production of cost-effective plug-and-play electrolyzers for green hydrogen production at any scale and in any location. Their modular systems are already used worldwide in the energy, mobility, industrial, heating and telecommunications sectors. Enapter has its head office in Germany and a production site in Italy.

About Yest Company Limited

YEST is a Korea-based company with many years of experience and know-how in manufacturing semiconductors and displays based on the latest high-precision technology. The company is a leader in the semiconductor industry in Asia and supplies products to customers around the world.

YEST Co., Ltd. Listed on the regulated market of the Korean Stock Exchange, KOSAQ: A122640.

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General Press Contact:

Enapter PR
Vaita Cowan
Tel: +49 (0) 30 921 008 130
E-mail: [email protected]

Financial Press Contact:

Ralph Droz / Doron Kauffman
Editing GmbH
Tel: +49 (0) 69 90 55 05-54
E-mail: [email protected]

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