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Archive by category Hydrogen/Nuclear & Renewable Energy

KHNP Signs MOU With Serbia For Nuclear, Hydrogen Energy Cooperation

KHNP Signs MOU With Serbia For Nuclear, Hydrogen Energy Cooperation

SEOUL, Sept. 3 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power (KHNP) said Wednesday it has signed a memorandum of understanding (MOU) with the Serbian government to expand cooperation in the nuclear energy and hydrogen sectors. Under the MOU, KHNP will join hands with Serbia’s Ministry of Mining and Energy to lay ground [...]

Westinghouse Pact Clips Korea’s Nuclear Ambitions, Sending Stocks Tumbling

Westinghouse Pact Clips Korea’s Nuclear Ambitions, Sending Stocks Tumbling

SEOUL, Aug. 20 (Korea Bizwire) — Shares of South Korea’s nuclear power companies tumbled Wednesday after revelations that a settlement with U.S. nuclear giant Westinghouse has sharply curtailed their access to major global markets. By mid-morning trading, Korea Electric Power Corp. (KEPCO) was down more than 5 percent, while Doosan Enerbility dropped nearly 9 percent. [...]

KHNP Confirms Business Closure In Poland Amid Controversy Over Westinghouse Deal

KHNP Confirms Business Closure In Poland Amid Controversy Over Westinghouse Deal

SEOUL, Aug. 19 (Korea Bizwire) — The chief of the state-run Korea Hydro & Nuclear Power Co. (KHNP) confirmed Tuesday the company has closed operations in Poland amid speculations that its agreement with U.S. energy firm Westinghouse over an intellectual property (IP) dispute influenced the decision. “After the new Polish administration took office … the [...]

Korean Nuclear Deal With Westinghouse Sparks Concerns Over Costly Concessions

Korean Nuclear Deal With Westinghouse Sparks Concerns Over Costly Concessions

SEOUL, Aug. 19 (Korea Bizwire) — A $26 billion nuclear power contract won by South Korean firms in the Czech Republic is drawing scrutiny after revelations that Korea Hydro & Nuclear Power (KHNP) and Korea Electric Power Corp. (KEPCO) signed a sweeping agreement with Westinghouse Electric that could bind Seoul’s industry to decades of costly obligations. [...]

Rising Seawater Temperatures Threaten to Shut Down Eight Korean Nuclear Reactors Within a Decade

Rising Seawater Temperatures Threaten to Shut Down Eight Korean Nuclear Reactors Within a Decade

SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s nuclear regulator has warned that rapidly warming seawater — used to cool reactors — could force as many as eight reactors offline within the next 10 years unless cooling capacity is improved. At a meeting on August 14, the Nuclear Safety and Security Commission received a report [...]

Nuclear Safety Commission Gives Nod To Restart Of Shin-Hanul 2 Reactor

Nuclear Safety Commission Gives Nod To Restart Of Shin-Hanul 2 Reactor

SEOUL, Aug. 14 (Korea Bizwire) – South Korea’s nuclear safety commission on Thursday approved the restart of the Shin-Hanul 2 reactor, which had been shut down for maintenance following two malfunctions earlier this year. The Nuclear Safety and Security Commission authorized the reactor to reach a “criticality” level, enabling the resumption of operations after repairs [...]

KEPCO Signs Pact with Vietnam’s Petrovietnam to Develop Nuclear Workforce

KEPCO Signs Pact with Vietnam’s Petrovietnam to Develop Nuclear Workforce

SEOUL, Aug. 13 (Korea Bizwire) — Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility, said Wednesday it signed a preliminary agreement with Vietnamese energy company Petrovietnam (PVN) to help cultivate a skilled workforce for Vietnam’s emerging nuclear power sector, as the two countries seek to deepen industrial cooperation. The memorandum of understanding (MOU), inked earlier [...]

S. Korea, Vietnam To Join Hands For Energy, Nuclear Power Cooperation

S. Korea, Vietnam To Join Hands For Energy, Nuclear Power Cooperation

SEOUL, Aug. 11 (Korea Bizwire) — South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday. The countries’ industry ministries signed a memorandum of understanding (MOU) to [...]

South Korean Team Sets Record with 12-Hour Flight of Fuel Cell-Powered Drone

South Korean Team Sets Record with 12-Hour Flight of Fuel Cell-Powered Drone

Breakthrough marks milestone in long-endurance unmanned aerial technology using homegrown hydrogen fuel cell SEOUL, Aug. 5 (Korea Bizwire)— A South Korean research team has successfully completed a 12-hour continuous flight using a domestically developed hydrogen fuel cell-powered drone, setting a new national benchmark for unmanned aerial vehicle (UAV) endurance, the Korea Institute of Materials Science [...]

LG Chem’s JV Breaks Ground On Eco-Friendly Fuel Plant in S. Korea

LG Chem’s JV Breaks Ground On Eco-Friendly Fuel Plant in S. Korea

SEOUL, Aug. 4 (Korea Bizwire) — LG Chem Ltd. said Monday its biofuel joint venture established with Italy’s Enilive S.p.A. has started construction of South Korea’s first hydro-treated vegetable oil (HVO) plant, part of the company’s drive to expand sustainable chemical production. The joint venture, named LG-Eni Biorefining, held a groundbreaking ceremony at the HVO [...]