SEOUL, Sept. 23 (Korea Bizwire) — Hanwha Solutions Corp., a key energy unit of South Korea’s Hanwha Group, said Friday it will split off its retail unit and a part of its advanced materials unit in a bid to bolster its edge in renewable energy sectors. Under the decision, approved by the board, Hanwha Solutions [...]
SEOUL, Sept. 23 (Korea Bizwire) — The United Arab Emirates (UAE) has started up the third unit of the South Korean-built Barakah nuclear power plant, the country’s nuclear energy corporation and South Korea’s state-run utility firm said Friday. The Middle Eastern country issued an operating license for the Unit 3 reactor in June, and it [...]
SEOUL, Sept. 21 (Korea Bizwire) — South Korea has made it official that nuclear energy will be included in the list of government-labeled green economic activities despite opposition from environmental activists. The environment ministry on Tuesday released a draft revision to the national green taxonomy guideline. The classification system was first announced in December by [...]
SEOUL, Sept. 19 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Monday unveiled a hydrogen-powered vehicle based on Italian carmaker IVECO Group N.V.’s DAILY van in their extended commercial car partnership. Hyundai Motor and IVECO debuted the eDAILY hydrogen fuel-cell electric vehicle (eDAILY FCEV) at the IAA Transportation 2022 in Hannover, the world’s largest [...]
SEOUL, Sept. 19 (Korea Bizwire) — The proportion of Korean-made parts dropped while Chinese-made parts increased in the domestic solar power market in the last five years, data showed Sunday. The proportion of Korean-made solar modules stood at 68 percent as of June this year, down by 5 percentage points from 2017, according to data [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. said Thursday it has been selected for the 2021 Targeted Airshed Grants provided by the U.S. Environmental Protection Agency and it will be supplying hydrogen-powered trucks for the program. The TAG was first initiated by the EPA in 2015. It is a funding [...]
SEOUL, Sep. 12 (Korea Bizwire) — Samsung Electronics Co. is expected to announce its road map this week to achieve carbon neutrality by 2050, sources said Monday, as the tech behemoth bolsters its net zero transition in line with the global industrywide trend. The company is also likely to declare a plan to join the [...]
SEOUL, Sept. 9 (Korea Bizwire) — Six affiliates of the state-run Korea Electric Power Corp. (KEPCO) plan to cut their investment in renewable energy over the next five years as they are under pressure to improve their worsening financial health, according to a report on Friday. The six affiliates, including Korea Energy and Korea East-West [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korean fiber manufacturer Hyosung TNC Corp. said Wednesday it had successfully developed a new nylon product that is used to make the liners inside the fuel tanks of hydrogen-powered vehicles. A liner is a container inside the fuel tank that carries hydrogen and prevents it from being leaked. [...]
SEOUL, Sept. 7 (Korea Bizwire) — Hanwha Solutions Corp., a key energy unit of South Korea’s Hanwha Group, said Wednesday it is investing 761.7 billion won (US$549.6 million) to boost production capacity of its domestic solar panel materials as it pushes for an expansion into the renewable energy sector. The announcement came after Hanwha recently [...]