SEOUL, Feb. 23 (Korea Bizwire) — SK Materials Co., a semiconductor and display material unit under SK Group, has teamed up with U.S. oil major Exxon Mobil Corp. to step into the blue ammonia market. The two parties announced on Wednesday that they had signed an agreement to mass-produce and import blue ammonia using next-generation [...]
SEOUL, Feb. 23 (Korea Bizwire) — Incheon International Airport will take a leap forward to become an eco-friendly airport through the construction of a large liquefied hydrogen charging station. SK Plug Hyverse on Wednesday signed a business agreement for the establishment of eco-friendly airport infrastructure with the Ministry of Land, Infrastructure and Transport, the Incheon [...]
SEOUL, Feb. 9 (Korea Bizwire) — South Korea’s exports of solar panels and other related parts jumped 38 percent on-year in 2022 on the back of major nations’ push to expand renewable energy development, the industry ministry said Thursday. Outbound shipments of solar panels, solar cells, solar wafers and other items combined came to US$1.64 [...]
SEOUL, Jan. 31 (Korea Bizwire) — Hanwha Solutions Corp., a key energy unit of South Korea’s Hanwha Group, plans to create a fund to expand its domestic renewable energy-related data center development venture. The company announced on Monday that it had signed a memorandum of understanding (MOU) with SKS Credit Co., a local private equity [...]
SEOUL, Jan. 26 (Korea Bizwire) — Hanwha Solutions Corp. said Thursday its U.S.-based solar panel unit signed a partnership with Microsoft Corp. to supply solar panels and related services to projects under way by the American tech company. Hanwha Q Cells will work with Microsoft to supply more than 2.5 gigawatts of solar panel modules [...]
DAVOS, Jan. 18 (Korea Bizwire) — Danish wind turbine producer Vestas Wind Systems will invest US$300 million in South Korea and move its Asia-Pacific headquarters to the country, the presidential office said Wednesday. The investment will be made toward a large-scale turbine parts plant that will produce key equipment for wind turbines for export to [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korean builder DL E&c Co. and nuclear plant components maker Doosan Enerbility Co. announced on Wednesday that they had signed a deal with U.S. small modular reactor (SMR) maker X-energy to make an equity investment and to supply core equipment. SMRs refer to modules comprised of reactors, steam [...]
SEOUL, Jan. 18 (Korea Bizwire) — Amogy Inc., a U.S. clean energy startup backed by South Korea’s SK Innovation Co., has successfully carried out a test-drive of a semitruck running on its ammonia-based fuel cell platform, in a scale-up of demonstrations for the next alternative renewable fuel. Amogy tested a modified 2018 Freightliner Cascadia powered [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea will raise its dependence on nuclear energy sources to over 30 percent while sharply reducing its reliance on coal by 2036, the energy ministry said Thursday, as the country accelerates its push to reach carbon neutrality. Under the plan, the government will raise the proportion of nuclear [...]
SEOUL, Jan. 11 (Korea Bizwire) — Hanwha Solutions Corp. said Wednesday it will invest 3.2 trillion won (US$2.57 billion) to build a production complex for solar panel parts in Georgia, the United States, as the company tries to strengthen its presence in the U.S. The energy unit of Hanwha Group said the investment is meant [...]