Hamm Institute for American Energy enters into “landmark” energy research partnership with South Korean energy producer

(WO) – SK E&S, a South Korean energy producer with operations in the U.S., has entered into a significant multimillion-dollar agreement to support energy research at the Hamm Institute for American Energy at Oklahoma State University.

This partnership not only highlights the global importance of energy research but also underscores the collective role of each stakeholder in shaping the future of energy, making it a landmark in the industry.

Representatives from SK E&S, the Hamm Institute and Oklahoma State University signed the agreement during a ceremony at the Hamm Institute in Oklahoma City.

Harold Hamm, American energy leader and the institute's chairman, OSU President Kayse Shrum, and SK E&S President and CEO Hyeongwook Choo acknowledged that the five-year research agreement is a significant leap toward advancing energy research and innovation.

This research has the potential to revolutionize the energy industry, influencing substantial changes in energy policy and security, and paving the way for a brighter and more secure future.

Dr. Shrum hailed the agreement with SK E&S as a significant milestone for the Hamm Institute, OSU, and the future of energy innovation and security. She expressed deep gratitude for the trust and support shown by SK E&S, emphasizing the anticipation of a highly productive partnership that will not only benefit all involved but also pave the way for significant advancements in the energy industry.

"This agreement marks the beginning of a significant partnership that will bolster energy research innovation at OSU," Shrum said. "We're excited about this agreement's momentum at the Hamm Institute and the opportunity to apply our research capabilities and intellectual resources to work with a visionary partner like SK E&S. Together, we are committed to thoughtfully exploring constructive ways to meet the global demand for reliable energy, a responsibility we take very seriously.”

"Our mission as a land-grant institution is to leverage our research for the public good and to address society's most pressing problems. By faithfully serving Oklahoma, we've raised OSU's profile and opened new opportunities on the global stage to make a lasting impact in our state and beyond, as underscored by this substantive agreement."

Under the agreement, SK E&S will fund research grants focused on energy policy and security. A SK E&S representative will also join the Hamm Institute Advisory Board.

Hamm, the founder and chairman of Continental Resources, emphasized the need for increased energy to fuel the economy and the world. He highlighted the significance of the agreement with SK E&S in expanding the research impact of the Hamm Institute to ensure a robust energy future for America and its allies like South Korea.

Hamm emphasized the importance of fostering a "culture of possible" and praised the Hamm Institute at OSU as a prime example of what we can achieve through vision and action.

"I am pleased we can partner on research at the institute with SK E&S, a respected global energy company known for innovation," Hamm said. "By working together, we can unlock new possibilities to drive energy innovation and promote energy security. I look forward to the exciting developments from this partnership."

The Hamm Institute, established in 2021, aims to educate future energy leaders from Oklahoma, the United States and from around the world while elevating Oklahoma’s status as a global energy leader.

Since its inception, the institute has established itself as a national leader in advancing energy innovation. In the fall of 2023, it attracted global attention, hosting the first American Energy Security Summit and drawing recognized and respected industry leaders from across the world.