SEOUL, Nov. 4 (Korea Bizwire) — The government plans to readjust the renewable energy distribution goals and renewable portfolio standards (RPS) with the aim to make the policy more realistic. The Ministry of Trade, Industry and Energy on Thursday announced plans to improve policies on renewable energy in response to the changing energy environment. First, [...]
SEOUL, Oct. 31 (Korea Bizwire) – South Korea and Poland signed an agreement Monday to jointly push for a plan to build a nuclear power plant in the European nation, raising hopes for Seoul’s first nuclear power plant export in more than a decade, Seoul’s industry ministry said Monday. The state-run Korea Hydro & Nuclear [...]
SEOUL, Oct. 28 (Korea Bizwire) — Hyundai Motor Co. on Friday opened up South Korea’s first moving hydrogen charging station in Seoul’s Gwangjin District. The mobile station is set up on top of a 25-ton Xcient hydrogen fuel-cell electric truck. It comes with all of the core facilities of a hydrogen fueling station — a [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s state-run gas company Korea Gas Corp. has announced plans to set up so-called convergence charging stations that can directly produce and supply hydrogen for vehicles. KOGAS said Wednesday it had established a joint venture called HyStation to build and operate liquefied natural gas (LNG)-based hydrogen charging stations [...]
SEOUL, Oct. 14 (Korea Bizwire) — The government plans to expand the use of eco-friendly biofuels to better cope with climate change as well as to reduce excessive reliance on petroleum-based fuels. The Ministry of Trade, Industry and Energy announced on Thursday that it will raise the mandatory biodiesel mixture ratio — the ratio at [...]
SEOUL, Oct. 12 (Korea Bizwire) — SK Trading International Co., a subsidiary of South Korean refiner SK Innovation Co., said Wednesday it has invested in a U.S. clean fuel company to bolster its green energy drive. The company did not disclose the amount of the investment in Infinium, a California-based startup that engages in the [...]
SEOUL, Oct. 12 (Korea Bizwire) – Chinese firms turned out to have a hefty stake in domestic solar power companies in the Saemangeum reclaimed land on the southwest coast, a renewable energy center for South Korea, a lawmaker said Tuesday. According to the data obtained by Rep. Park Soo-young of the People Power Party from [...]
CHANGWON, Oct. 10 (Korea Bizwire) — An integrated hydrogen charging station, where all forms of hydrogen mobility platforms can charge, has been built for the first time in South Korea. South Gyeongsang provincial office and the city of Changwon announced that the Daewon Hydrogen Charging Station was built in the in the southeastern city. The [...]
SEOUL, Sept. 29 (Korea Bizwire) — SK Telecom, South Korea’s No. 1 wireless carrier, said Wednesday it had signed an agreement with SK Energy Co., the Korea Electrotechnology Research Institute (KERI), 60 Hertz and Soft Berry to develop virtual power plant (VPP) technology. A virtual power plant refers to a network of decentralized power generators [...]
SEOUL, Sept. 28 (Korea Bizwire) — POSCO Group, South Korea’s leading steelmaker, said Wednesday it will actively enter the blue hydrogen business as part of efforts to expand its non-steel business. POSCO Holdings Inc. has signed a memorandum of understanding with its affiliate POSCO Engineering & Construction Co. and major hydrogen company Approtium Co. to [...]