SEOUL, Dec. 27 (Korea Bizwire) — Nuclear power plants played a significant role in the energy market in South Korea this year, recording the highest proportion of overall electricity transactions in the past seven years, the power market operator said Monday. The Korea Power Exchange reported that the volume of electricity transactions from nuclear power [...]
SEOUL, Dec. 15 (Korea Bizwire) — Hyundai Electric & Energy Systems Co., an energy solution unit of shipbuilding giant Hyundai Heavy Industries Group, has teamed up with GE Renewable Energy, a subsidiary of U.S. industrial giant General Electric Co., to launch an offshore wind power venture. The two parties signed a strategic partnership to make [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea on Wednesday held a ceremony to celebrate the operation of its 27th nuclear reactor, as the country has striven to become a nuclear powerhouse and to better manage electricity demand. The construction of the Shin Hanul No. 1 nuclear reactor began in 2010 in Uljin, 307 kilometers [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korean auto giant Hyundai Motor Group said Monday it will supply more than 1,000 hydrogen fuel-cell systems to a German environment-friendly vehicle maker in a three-year deal. Under the contract, Hyundai Motor Group will supply 1,100 hydrogen fuel-cell systems for eco-friendly garbage and cargo trucks to be manufactured [...]
SEOUL, Nov. 23 (Korea Bizwire) — Hanwha Corp., the de facto holding company of South Korean defense-to-chemicals conglomerate Hanwha Group, said Wednesday it is joining hands with major non-ferrous metal smelter Korea Zinc Inc. for collaboration in areas including green energy and minerals development. Under the partnership, Hanwha will participate in various green energy projects [...]
SEOUL, Nov. 23 (Korea Bizwire) — SK Energy Co., South Korea’s leading gas station operator, has teamed up with fuel cell maker Doosan Fuel Cell Co. to establish on-site hybrid energy stations that use fuel cells to generate hydrogen, electricity and heat simultaneously. The two parties jointly announced on Tuesday that they had formed a [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea’s fuel cell maker Doosan Fuel Cell Co. said Monday that it had signed a deal with China’s ZKRG Smart Energy Technology Co. to supply hydrogen fuel cells as well as to establish a joint venture. Under the terms of the deal, Doosan Fuel Cell will export a [...]
SEOUL, Nov. 9 (Korea Bizwire) — South Korea vowed Wednesday to significantly boost the use and production of clean hydrogen by extending support for securing advanced technologies and building infrastructures with a goal to achieve zero-emission goals and become the world’s No. 1 hydrogen industry powerhouse. The government announced the comprehensive roadmap during a hydrogen [...]
SEOUL, Nov. 7 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has announced the signing of a US$30 million investment deal with TerraPower, a U.S. nuclear power venture founded by Microsoft co-founder Bill Gates. The small modular reactor (SMR) technology owned by [...]
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, [...]