![Kolon Industries signed an MOU with Canada's Ballard Power Systems for hydrogen business cooperation on Dec. 4 at KINTEX. Left: Kolon Industries President Heo Sung; Right: Ballard CEO Marty Neese. [Photo: Kolon Industries]](https://image.ajunews.com/content/image/2025/12/04/20251204153128710898.jpg)
SEOUL, December 04 (AJP) - Kolon Industries said Thursday it has signed a memorandum of understanding with Canada’s Ballard Power Systems to expand cooperation in hydrogen fuel cell components, strengthening its push into the clean-energy sector.
The agreement was signed at the World Hydrogen 2025 event held at KINTEX in Goyang, Gyeonggi Province.
Ballard, founded in 1979, is a major global supplier of high-efficiency, durable hydrogen fuel cell technology used in buses, trucks, trains, marine vessels and stationary power systems. Kolon Industries has supplied moisture control devices for Ballard’s fuel cell stacks since 2018.
Under the MOU, the companies will work to secure a stable supply chain for key components and broaden collaboration on new product development and performance upgrades.
“This MOU with Ballard, a global leader in the hydrogen fuel cell market, marks an important milestone in strengthening our strategic partnership,” said Heo Sung, president of Kolon Industries.
Kolon Industries has been scaling up its fuel cell materials business, building on more than three decades of membrane design and manufacturing expertise, as well as ongoing research into fuel cell separator technology.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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