Korea’s Clean Hydrogen Portfolio Standard (CHPS) is a tender process for subsidizing clean hydrogen imports for power generation applications. Here, we break down the results of the first tender, where the only awarded winner was Korea Southern Power Co. (KOSPO) for the import of clean ammonia fuel to be co-fired at the Samcheok power station. We also look at issues in the first tender process, adjustments made in advance of the second tender announced this May, and how entrants into the Korean clean ammonia market can best position themselves.
