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Elogen signs a new contract with Valmax to supply a 2.5-MW electrolyzer

Elogen, a GTT group company, announced the signing of a new contract with Valmax Technology Corporation, a system integrator for energy solutions in the H2 sector, to design and manufacture a proton exchange membrane (PEM) electrolyzer with a power of 2.5 MW. This is the second contract signed between Elogen and Valmax in the framework of the collaboration agreement signed in May 2022 to supply electrolyzers in South Korea to produce green H2.

The electrolyzer, with a production capacity of up to 1 tpd of H2, will be part of a mobility project located in Buan, in the province of North Jeolla.

The project consortium, which consisted of Buan’s Jeonbuk Techno Park, Korea Hydro & Nuclear Power, Hyundai Engineering & Construction, Techcross Water & Energy and Techcross Environmental Services, was selected as the first of the water electrolysis-based H2 production base projects by the Korean Ministry of Trade, Industry and Energy in 2022.

Valmax will locally assemble the balance-of-plant (BoP) of the electrolyzer, which Elogen will supply in Buan in 2025.

Jean-Baptiste Choimet, Managing Director of Elogen, said, “We are very proud to sign this second contract with our partner Valmax and contribute, with our PEM electrolysis technology, to another key mobility project in Korea. This new contract further demonstrates the relevance of our strategy to develop a strong network of local partners for assembly of BoP and maintenance to support our commercial expansion internationally.”

Park, Dong Yeol, Ph.D., CEO of Valmax Technology Corporation, said, “In South Korea, Elogen and Valmax are starting an innovative H2 project in Buan, following their previous project in Pyeongchang. With these initiatives, Valmax introduces Elogen’s cutting-edge electrolysis technology to the Korean market. We aspire to expand our collaborative efforts with Elogen to encompass large-scale projects outside of Korea, potentially in Asia-Pacific or the Middle East, with the aim of establishing market leadership in the energy sector of new generation.”