SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
Asian Currencies Waver as Dollar Holds Firm Amid Middle East Tensions 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Strait of Hormuz Crisis Fuels Oil Surge as Asian Markets Brace for Impact 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
Japan Signals Readiness to Intervene as Yen Weakens Toward 160 Per Dollar 
Japan's Services Sector Growth Slows in March Amid Rising Middle East Tensions 
China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says 
U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty 
U.S. Dollar Climbs as Trump Escalates Rhetoric Against Iran 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Luxury Car Sales in the Middle East Take a Hit Amid Iran War 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Europe's Aviation Sector on Track to Meet 2025 Green Fuel Mandate 
Britain Courts Anthropic Amid US Defense Department Dispute 
Iran's Stranglehold on the Strait of Hormuz: What It Means for Global Markets 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
SK Energy, the oil business unit of SK Innovation Inc., announced last weekend that it has launched the first hydrogen charging station in South Korea. The facility was exclusively designed for large cargo trucks.
This is initially servicing trucks in Ulsan, which is the industrial city in the country. The hydrogen charging station has a capacity of 80 kilograms per hour, so the fueling station can charge up to 16 passenger cars per hour or about 40 big trucks per day.
As per The Korea Herald, the hydrogen charging station is a joint investment project of SK Energy, Ulsan City, and the national government. It cost KRW7 billion or $5.3 million, and SK Energy contributed about KRW1.3 billion for the construction of a 1.5-kilometer underground pipe that links the charging station to a hydrogen plant.
The hydrogen charging station was installed 7 kilometers from Ulsan Interchange and 3 kilometers from Cheongnyang Interchange. This is the area or route that is frequently taken by truck drivers. SK Energy said that this station will help fill a gap since there are still lots of diesel-powered trucks due to little progress in electrification.
“Instead of electricity, hydrogen was considered as the alternative choice of energy, but there was no hydrogen station suited to charge big-sized cargo trucks until the Ulsan charging point,” SK Energy said in a statement. “Unlike the existing hydrogen delivery system via tankers, we are supplying it through an underground pipe to improve stability.”
SK Energy will be providing free hydrogen charging service for free. This is part of the company’s promotional event for the launch of the service, and 10 vehicles will enjoy the free service per day until Friday this week.
Meanwhile, it was last year when SK Energy first announced that it would build fuel cells and EV chargers, and in January 2023, it made a promise to set up energy stations that can produce hydrogen, heat and electricity.
