South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
SK Energy Co. and Doosan Fuel Cell Inc. have come together to set up hybrid charging stations in South Korea. Their goal is to produce one ton of hydrogen from onsite power generation per day to be able to charge at least 200 hydrogen cars and 30 hydrogen trucks daily.
SK Energy confirmed on Tuesday, Nov. 22, that it has signed a memorandum of understanding (MOU) with Doosan Fuel Cell to cooperate in the said project. As stated in the agreement, they will jointly build and operate hybrid power stations, and the charging stations will generate hydrogen energy to offer an eco-friendly way of charging vehicles.
According to The Korea Economic Daily, the actual signing of the MOU took place on Monday, Nov. 21. Under the contract, it was agreed that SK Group’s energy arm would be providing high-purity hydrogen generation facilities and Doosan Fuel Cell would be the supplier and operator of its Tri-gen system that produces electricity and hydrogen to charge both electric and hydrogen vehicles.
The companies are expected to complete the checking and certification of the facilities in the first half of 2023. This needs to be done to make sure that it is capable of producing and charging 99.99% high-purity hydrogen. Once the process is finished, they will now build the onsite energy stations in strategic locations.
The stations will also be able to charge electric vehicles using the electric power generated from Doosan Fuel Cell’s Tri-gen system. There are also plans to increase the number of hydrogen charging stations in the country by 2026.
“SK Energy is speeding up its platform transformation to reinforce green energy solutions and ecofriendly mobility service at the contact points with the customers, such as the Netruck House, gas stations, charging stations, etc.,” Kang Dong Soo, SK Energy Solution and Platform Business unit’s head, said in a press release.
He added, “Through cooperative development of technologies like Tri-gen and high-purity hydrogen generation, we hope to supply green energy to the customers in optimal ways and vitalize the hydrogen economy by reducing energy loss during transmission and distribution and cutting hydrogen supply cost.”
Lee Seung Jun, Doosan Fuel Cell’s head of sales unit, also commented, “With this project at the cornerstone, Doosan Fuel Cell will continue to prepare various ways to expand the supply of Tri-gen products and establish them as one of our future cash cows.“
