Hyosung Establishes European R&D Center in the Netherlands
The South Korean company further accelerates the European energy transition from its new Dutch location
South Korean company Hyosung opens its European R&D center at the monumental former KEMA park Arnhems Buiten, the Netherlands. From this new R&D center, the company further develops solutions for the European high voltage electricity network: an important step forward in the European energy transition and improving sustainability. Hyosung’s arrival strengthens Arnhems Buiten’s position as Energy Innovation Campus. The center is planned to open in the first quarter of 2024.
Accelerating the energy transition from the Netherlands
The company made a conscious choice to establish itself in the Netherlands, explains Mr Yokota, CEO of Hyosung: “Arnhems Buiten is a suitable location for us due to its proximity to large and small players in the electricity distribution sector. From Arnhems Buiten, Hyosung wants to take steps in the coming years to further accelerate developments in the European energy transition.” The proximity of KEMA Labs compliments the South Korean company’s goals, as KEMA Labs provides testing and certification services for the electricity sector worldwide.
Hilde van der Meer, commissioner at the NFIA: “The Netherlands is committed to developing and finding sustainable, innovative and digital solutions to global challenges. We welcome companies that want to contribute to our goals, and Hyosung is a great example of such a business. The establishment of Hyosung in our country contributes to the European energy transition and strengthening our international ecosystems. It underlines the strong position of the Netherlands as a great location for scaling up solutions with impact for the European market.”
Energy companies find fertile ground at Arnhems Buiten
The Dutch energy sector is among the most sophisticated in the world and Hyosung fits well into the ecosystem of the Arnhems Buiten campus where international players like DNV, Specialized and TenneT are already located.
Since 2022, real estate developer City Developer-S and Perspectieffonds Gelderland, a fund of the province of Gelderland managed by Oost NL, have been developing the site into a hotspot for the energy transition. Thijs van Dieren, CEO at Arnhems Buiten: “This strong choice by Hyosung confirms the unique strength of Arnhems Buiten. The original motives of this former KEMA-site are more relevant than ever before. KEMA founded this site in the 1930s. We are now building on this energy transition legacy.” Arnhems Buiten will prepare Hyosung’s R&D center and upgrade the energy label of the almost 100 year old building of 3.200 m2 to at least A+.
Additionally, the Netherlands is among the top countries for research and development, providing a unique mix of businesses working alongside world-class knowledge institutes that are creating smart solutions for a sustainable future.
Valuable addition to the ecosystem
Invest in Holland-partners Netherlands Foreign Investment Agency (NFIA) and Oost NL supported Hyosung in its establishment. Bernold Kemperink, manager Tech Energy at Oost NL: “Hyosung reflects positively on our ecosystem’s position within the European playing field around electrification. It is not only a reinforcement for Arnhems Buiten, but also for the wider ecosystem in and around Arnhem.”
About Hyosung
Hyosung Heavy Industries is part of Hyosung Corporation, a South Korean industrial conglomerate that is active in the chemical, industrial machinery and IT industries. The Hyosung Heavy Industries division employs over 3,000 people and focuses on renewable energy with industrial energy storage systems and transformers.
Source: OostNL.nl
31 October 2023