SEOUL, May 3 (Korea Bizwire) — SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it will supply electricity generated from renewable energy to German chemical giant BASF S.E. The two parties signed a power purchase agreement (PPA) in Seoul on April 18. As per the terms of the agreement, [...]
SEOUL, May 2 (Korea Bizwire) — SK E&S Co., the natural gas power unit of South Korea’s SK Group, said Tuesday it is spending 1 trillion won (US$747 million) with Plug Power, a U.S. hydrogen company, to build a large production facility for hydrogen-powered equipment in South Korea. Through the joint venture, SK Plug Hyverse, [...]
SEOUL, April 26 (Korea Bizwire) — Two affiliates of South Korea’s SK Group have signed a partnership agreement with a U.S. nuclear company, backed by Microsoft Corp. founder Bill Gates, to collaborate on the commercialization of an advanced reactor, an SK unit said Wednesday. SK Inc., SK Innovation Co. and the state-run Korea Hydro & [...]
SEOUL, April 26 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. has announced plans to produce clean hydrogen using biogas from sewage waste. The company announced on Tuesday that it had signed a business agreement with the city government of Cheongju in North Chungcheong Province and the Institute for Advanced Engineering. The agreement [...]
INCHEON, April 19 (Korea Bizwire) —With the Korean government’s hydrogen bus supply support project on track, more citizens will soon have the opportunity to ride buses fueled by clean hydrogen energy on a regular basis. On Tuesday, the Ministry of Trade, Industry and Energy (MOTIE) held a ceremony at the Incheon Singheung Bus Garage site [...]
SEOUL, April 7 (Korea Bizwire) — U.S. Vice President Kamala Harris has visited a solar panel factory in Georgia run by South Korea’s Hanwha Solutions Corp., announcing what the Joe Biden administration says will be the largest community solar energy project in the history of the United States. Harris toured the operating solar panel module [...]
SEOUL, April 6 (Korea Bizwire) — South Korean nuclear plant operator’s application to build a nuclear power plant in the Czech Republic has been rejected by the U.S. government. Previously, U.S. nuclear energy firm Westinghouse Electric Company LLC filed a suit in the Washington, D.C. federal district court to restrict unilateral exports, saying that its technology [...]
SEOUL, April 6 (Korea Bizwire) — The government has designated the hydrogen sector as a national core technology, while adding two fuel cell technologies to the list of national core technologies. The Ministry of Trade, Industry and Energy said Wednesday it will revise and promulgate the Ordinance on Designation of National Core Technologies. Thus far, [...]
SEOUL, March 31 (Korea Bizwire) — Doosan Mobility Innovation (DMI), a producer of portable fuel cell power packs, said Thursday it had signed a partnership agreement with the Massachusetts Institute of Technology (MIT)’s Electric Vehicle Team to jointly develop a hydrogen fuel cell-powered motorcycle. The hydrogen motorcycle will be developed by integrating DMI’s DM15 hydrogen [...]
SEOUL, March 27 (Korea Bizwire) — Hyundai Glovis Co. said Monday it has signed a memorandum of understanding (MOU) with GS Energy Corp. for a collaboration in the production and delivery of ammonia and hydrogen as it accelerates its clean energy drive. Under the MOU, Hyundai Glovis will take charge of the marine transportation of [...]