South Korea is set to establish its first nuclear hydrogen production plant by 2027, following an agreement signed by eight major corporations, including Hyundai Engineering & Construction, Samsung C&T, Doosan Energy, and Korea Hydro & Nuclear Power (KHNP). In the previous article we looked at the levelized cost of electricity (LCOE) from nuclear in the East-Asian country. In 2023, the Korea Power Exchange reported a cost of just $39.65 per MWh for nuclear, as compared to $101.65 per MWh for coal, $154.27 per MWh for LNG – and a hefty $121.11 for renewables (mostly rooftop solar, so high installation costs as well as quite poor local solar conditions). By 2027 Rethink expects the average Capex of an electrolyzer to sit…