HyIS-one Selects Emerson as Automation Partner for Korea's Largest Hydrogen Refueling Station for Commercial Vehicles

Emerson (NYSE: EMR), a global automation and software leader, has been chosen by HyIS-one to provide advanced technologies for Korea's largest hydrogen refueling station for commercial vehicles in Busan.

Rhea-AI Summary

Emerson (NYSE: EMR), a global automation and software leader, has been chosen by HyIS-one to provide advanced technologies for Korea's largest hydrogen refueling station for commercial vehicles in Busan. The station will have a capacity of 350 kilograms per hour, capable of charging over 200 commercial vehicles daily and storing up to 1.5 tons of pressurized hydrogen. It will be the first large-capacity station in Korea to unload tube trailers without docking.

Emerson will supply pressure and temperature transmitters, ultrasonic gas leak detectors, pressure regulators, and safety valves to ensure safety and reliability. HyIS-one reports a 50% improvement in refueling speed compared to other stations. By 2026, HyIS-one plans to establish up to 30 large hydrogen refueling stations across Korea and secure its own tube trailers for a commercial vehicle hydrogen refueling system.

Positive

• Emerson selected as automation partner for Korea's largest hydrogen refueling station
• Project demonstrates Emerson's expertise in hydrogen infrastructure
• Potential for future contracts as HyIS-one plans to establish 30 large hydrogen refueling stations by 2026

Negative

• None.

Argus Session date unavailable

+1.23% session move Open Argus

Details

News Market Reaction – EMR

The recorded move for EMR in the trading session of this news was +1.23%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Automation leader will supply advanced technologies to expand Korea's domestic hydrogen base and build more sustainable transportation infrastructure

SEOUL, South Korea, Oct. 16, 2024 /PRNewswire/ -- Global automation and software leader Emerson (NYSE: EMR) will provide its advanced technologies and hydrogen expertise to HyIS-one's new hydrogen refueling station and storage facility in Busan, South Korea – the largest hydrogen refueling infrastructure for commercial vehicles in Korea.

The completed HyIS-one hydrogen refueling station will have a capacity of 350 kilograms per hour, which can charge more than 200 commercial vehicles, such as buses and trucks, per day. Able to store up to 1.5 tons of pressurized hydrogen, the facility will also be equipped as the first large-capacity hydrogen refueling station for commercial vehicles in Korea that unloads tube trailers without docking.

"This will not only be the largest hydrogen refueling station project, but also the first-ever hydrogen storage and unloading hydrogen refueling station in South Korea," said Kwon Sung-Wook, CEO of HyIS-one. "With Emerson's hydrogen expertise and innovative technologies, we plan to lead the commercialization of sustainable hydrogen infrastructure across the region together." 

Emerson's comprehensive portfolio of automation solutions will help ensure the safety and reliability of HyIS-one's refueling station. Emerson will provide pressure and temperature transmitters, ultrasonic gas leak detectors, pressure regulators and pressure safety valves to deliver the high level of performance necessary for the commercial project.

HyIS-one reports its refueling speed is an improvement of more than 50% compared to other refueling stations, characterized by a highly flexible design that enables the ideal placement of assets according to changing business requirements. By 2026, HyIS-one plans to establish up to 30 large hydrogen refueling stations across the country and secure its own tube trailers to build a hydrogen refueling system for commercial vehicles.

"We are providing leading automation solutions to partners in the hydrogen industry all over the world," said JaeSung Jeong, vice president and general manager of Emerson in South Korea. "We look forward to contributing our global experience and skills to HyIS-one to help expand the hydrogen infrastructure throughout Korea and beyond."

Selected as a private capital subsidy business by the Ministry of Environment in 2023, HyIS-one is continuously expanding its hydrogen base, starting with four sites in Busan, Incheon, Ansan and Jeju.

Additional resources:

• Join the Emerson Exchange 365 Community
  
  
• Connect with Emerson via X Facebook LinkedIn YouTube

About Emerson
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world's essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions, and achieve their sustainability goals. For more information, visit Emerson.com. 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hyis-one-selects-emerson-as-automation-partner-for-koreas-largest-hydrogen-refueling-station-for-commercial-vehicles-302276696.html

SOURCE Emerson

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the capacity of the HyIS-one hydrogen refueling station in Busan, South Korea?

The HyIS-one hydrogen refueling station in Busan, South Korea, will have a capacity of 350 kilograms per hour, capable of charging more than 200 commercial vehicles per day.

How much hydrogen can the HyIS-one facility in Busan store?

The HyIS-one facility in Busan can store up to 1.5 tons of pressurized hydrogen.

What technologies will Emerson (EMR) provide for the HyIS-one hydrogen refueling station?

Emerson (EMR) will provide pressure and temperature transmitters, ultrasonic gas leak detectors, pressure regulators, and pressure safety valves for the HyIS-one hydrogen refueling station.

How many hydrogen refueling stations does HyIS-one plan to establish in Korea by 2026?

HyIS-one plans to establish up to 30 large hydrogen refueling stations across Korea by 2026.