Energy & Batteries Archives | Be Korea-savvy

Archive by category Energy & Batteries

LG Energy Solution, Qualcomm Agree to Boost Commercialization of SoC-based BMS Diagnostic Solutions

LG Energy Solution, Qualcomm Agree to Boost Commercialization of SoC-based BMS Diagnostic Solutions

SEOUL, Dec. 23 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Monday it has reached an agreement with Qualcomm Technologies Inc. to jointly accelerate the commercialization of system-on-chip-based battery management system (SoC-based BMS) diagnostic solutions. Under the agreement, LGES’ new advanced BMS software will be made available on the [...]

Drillship for East Sea Gas Exploration Launches Operation

Drillship for East Sea Gas Exploration Launches Operation

SEOUL, Dec. 20 (Korea Bizwire) – A drillship participating in a major resource exploration project in the East Sea began its first drilling operation early Friday, the state-run oil company said, marking the full-fledged start of the search for an estimated 3.5 billion to 14 billion barrels of oil and gas. The announcement followed the [...]

LG Energy Solution Wins ESS Supply Deal from U.S. Firm

LG Energy Solution Wins ESS Supply Deal from U.S. Firm

SEOUL, Dec. 20 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Friday its U.S. unit has signed a multi-year deal to supply energy storage systems (ESS) to a local renewable energy infrastructure investor. LG Energy Solution Vertech, Inc. will supply 7.5-gigawatt-hour (GWh) ESS units to Excelsior Energy Capital LP [...]

Offshore Drilling in Pohang Sparks Fishermen’s Protests Amid Political and Financial Challenges

Offshore Drilling in Pohang Sparks Fishermen’s Protests Amid Political and Financial Challenges

SEOUL, Dec. 19 (Korea Bizwire) – South Korea’s ambitious “Blue Whale Project,” aimed at exploring oil and gas reserves off the coast of Pohang, is facing significant hurdles due to political turmoil, budget cuts, and opposition from local fishermen. The drilling vessel West Capella began operations on December 17, drilling 2 kilometers into the seabed at [...]

Doosan Enerbility to Supply Components for TerraPower’s SMR Project in U.S.

Doosan Enerbility to Supply Components for TerraPower’s SMR Project in U.S.

SEOUL, Dec. 19 (Korea Bizwire) — Doosan Enerbility Co. said Thursday it plans to supply key components for a small modular reactor (SMR) project by TerraPower LLC, a nuclear reactor startup founded by Bill Gates, in the United States. The South Korean nuclear power plant builder said it has signed a contract with TerraPower to [...]

S. Korea Unveils Blueprint for Energy R&D Projects

S. Korea Unveils Blueprint for Energy R&D Projects

SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s industry ministry on Wednesday unveiled a blueprint for government investment in energy research and development projects to maintain a stable power supply using carbon-free sources. The energy technology development plan, effective through 2033, is expected to generate an economic effect of 59 trillion won (US$41 billion), according [...]

S. Korea to Ease Regulations, Enabling New Hydrogen Charging Stations

S. Korea to Ease Regulations, Enabling New Hydrogen Charging Stations

SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s industry ministry said Wednesday the country plans to implement eased regulations for hydrogen charging stations next year in line with efforts to support the sector’s ecosystem. The set of new rules is reflected in the revised high-pressure gas safety control act, which will be implemented in May, [...]

South Korean Conglomerates Focus Investments on EV Batteries and Emerging Technologies

South Korean Conglomerates Focus Investments on EV Batteries and Emerging Technologies

SEOUL, Dec. 18 (Korea Bizwire) – Over the past three years, South Korea’s leading conglomerates have directed the bulk of their equity investments toward the electric vehicle (EV) battery sector, signaling a strategic focus on securing new growth engines. According to a report by corporate research firm Leaders Index on December 17, South Korea’s top [...]

Drillship for East Sea Gas Exploration Arrives at First Drilling Site

Drillship for East Sea Gas Exploration Arrives at First Drilling Site

SEJONG, Dec. 17 (Korea Bizwire) — A drillship participating in a major gas and oil development project in the East Sea arrived at its first drilling site Tuesday, as it prepares to begin exploration operations amid growing uncertainties in the project due to domestic political situations, according to industry sources. The West Capella, operated by [...]

U.S. Approves 14 Trillion Won Loan for SK On and Ford’s Battery JV Amid Policy Uncertainty

U.S. Approves 14 Trillion Won Loan for SK On and Ford’s Battery JV Amid Policy Uncertainty

SEOUL, Dec. 16 (Korea Bizwire) – The U.S. Department of Energy (DOE) has finalized a 14 trillion won low-interest loan for BlueOval SK, a joint venture between South Korea’s SK On and Ford Motor Company, to bolster domestic electric vehicle (EV) battery production. The approval marks the largest EV-related loan under the Biden administration’s Advanced Technology [...]