Jacobs to study feasibility of offshore wind-powered H2 facility in Korea

Offshore wind developer Elenergy has selected Jacobs (NYSE:J) to carry out a feasibility study for a green hydrogen production and import facility in South Korea.

The US professional services provider announced the contract award on Wednesday. Its tasks include conducting a green hydrogen market analysis and technology review, preparing the conceptual design and completing the business case assessment for the hydrogen project. Elenergy’s plan is to use electricity from the 1.5-GW Chujin Offshore Wind Farm that it is developing to power the hydrogen production and to also import green hydrogen from other markets.

South Korea wants hydrogen to cover 33% of its energy demand by 2050 and it is moving fast with its transition to a hydrogen economy.

“We believe that shaping the schematic concept of this study will lead to defining key factors, which will be the gateway to consolidate potentially the first and largest green hydrogen production project not only in Korea but also in Asia,” commented Seung Han, Elenergy’s Executive Director.

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