8 out of 10 h2 stations operating at a loss

South Korea’s long-standing efforts to make hydrogen a mainstream transport fuel are once again coming up against harsh economic realities, with the news that eight out of ten hydrogen refuelling stations (HRSs) in the country are operating at a loss and surviving on government subsidies

South Korea is aggressively pursuing a hydrogen economy, aiming to become a global leader in hydrogen production, fuel cell technology, and hydrogen-powered transportation which is central to its goal of achieving carbon neutrality by 2050 while driving economic growth and industrial competitiveness.

The government launched the Hydrogen Economy Roadmap in 2019 and enacted the Hydrogen Economy Promotion and Hydrogen Safety Management Law in 2020, effective from 2021, to provide legal support, safety standards, and incentives such as R&D subsidies, loans, and tax breaks for hydrogen-focused companies

Full story Eight out of ten Korean hydrogen refuelling stations are operating at a loss and surviving on government subsidies | Hydrogen Insight