{"id":205853,"date":"2022-11-03T05:25:11","date_gmt":"2022-11-03T05:25:11","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=101431"},"modified":"2022-11-03T05:25:11","modified_gmt":"2022-11-03T05:25:11","slug":"hyosung-makes-strategic-investment-in-bakken-energy","status":"publish","type":"post","link":"https:\/\/taiwannewswire.com\/hyosung-makes-strategic-investment-in-bakken-energy\/","title":{"rendered":"HYOSUNG MAKES STRATEGIC INVESTMENT IN BAKKEN ENERGY"},"content":{"rendered":"

South Korean Industrial Leader Supports Bakken Energy\u2019s Hydrogen Initiatives<\/h4>\n

BISMARCK, ND, Nov. 02, 2022 (GLOBE NEWSWIRE) — Bakken Energy, an innovative developer of affordable clean hydrogen at scale, announces Hyosung, a South Korean leader in hydrogen development, has joined Bakken Energy as a strategic investor.<\/p>\n

Hyosung has recently become known for advancing technologies related to hydrogen vehicles, such as carbon fiber for fuel tanks and hydrogen charging stations. Hyosung operates in various fields, including the chemical industry, industrial machinery, IT, trade, and construction. Founded in 1966, Hyosung is a large family-owned South Korean industrial conglomerate.<\/p>\n

\u201cHyosung believes hydrogen is critical to the decarbonization of heavy industrial sectors and we are committed to activating the hydrogen economy through investment in innovators like Bakken Energy,\u201d said Hyun-joon Cho, Chairman of Hyosung. \u201cSupporting the development of large-scale low-cost clean hydrogen production is a necessary part of advancing hydrogen uses across the globe.\u201d<\/p>\n

\u201cBakken Energy is honored to welcome Hyosung as an investor,\u201d said Bakken Energy Founder and Chairman Steve Lebow. \u201cSouth Korea is a leader in bringing hydrogen into the mainstream of its mobility market and Hyosung is a big reason for that. With Hyosung on our team Bakken Energy is stronger than ever, and we could not be happier.\u201d<\/p>\n

\u201cHyosung thinks and acts big when it comes to hydrogen, as shown by their decision to build the world\u2019s largest liquid hydrogen facility,\u201d said Mike Hopkins, CEO of Bakken Energy. \u201cThe addition of Hyosung to our investor group is a great fit. It supports our path to becoming the largest and lowest cost producer of clean hydrogen in the country.\u201d<\/p>\n

This announcement is the next step towards Bakken Energy advancing its hydrogen mission. Most recently, Bakken Energy announced a partnership<\/a> with Cummins Inc., and Schneider National Carriers Inc., to work together on the design of the Heartland Hydrogen Hub to serve the needs of long-haul trucking.<\/p>\n

About Bakken Energy<\/b><\/p>\n

Bakken Energy is an innovative clean hydrogen company working to become the largest producer of affordable clean hydrogen in the U.S. Its mission is to decarbonize the hard to decarbonize sectors of the economy with affordable clean hydrogen and to develop the future hydrogen economy that leads toward a low-carbon future.<\/p>\n

About Hyosung<\/b><\/p>\n

Founded in 1966, Hyosung has grown as one of the most prestigious conglomerates in Korea with approximately 20,000 employees and 15 billion dollars in combined group revenues (as of 2021). Hyosung engages in textiles, trading, industrial materials, chemicals, power & industrial systems, construction and information & communication businesses, and operates through more than 100 business sites across 29 countries. For more information, visit Hyosung website<\/a> and follow us on Linkedin<\/a>.<\/p>\n

Alison Ritter\r\nBakken Energy, LLC \r\n701-557-7545\r\naritter@odney.com<\/a>\r\n<\/pre>\n
GlobeNewswire Distribution ID 8687765<\/p>\n","protected":false},"excerpt":{"rendered":"
South Korean Industrial Leader Supports Bakken Energy\u2019s Hydrogen Initiatives BISMARCK, ND, Nov. 02, 2022 (GLOBE NEWSWIRE) \u2014 Bakken Energy, an innovative developer of affordable clean hydrogen at scale, announces Hyosung, a South Korean leader in hydrogen development, has joined Bakken Energy as a strategic investor. Hyosung has recently become known for advancing technologies related to [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\nHYOSUNG MAKES STRATEGIC INVESTMENT IN BAKKEN ENERGY - Taiwan Newswire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taiwannewswire.com\/hyosung-makes-strategic-investment-in-bakken-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HYOSUNG MAKES STRATEGIC INVESTMENT IN BAKKEN ENERGY - Taiwan Newswire\" \/>\n<meta property=\"og:description\" content=\"South Korean Industrial Leader Supports Bakken Energy\u2019s Hydrogen Initiatives BISMARCK, ND, Nov. 02, 2022 (GLOBE NEWSWIRE) \u2014 Bakken Energy, an innovative developer of affordable clean hydrogen at scale, announces Hyosung, a South Korean leader in hydrogen development, has joined Bakken Energy as a strategic investor. 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