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Archive by category Hydrogen/Nuclear & Renewable Energy

Samsung C&T Partners with Sweden’s Karnfull Next for European SMR Business

Samsung C&T Partners with Sweden’s Karnfull Next for European SMR Business

SEOUL, Dec. 6 (Korea Bizwire) — Samsung C&T Corp. said Friday it has partnered with Swedish energy company Karnfull Next AB to pursue joint projects in the European small modular reactor (SMR) market. The South Korean engineering and construction company said it signed a memorandum of understanding for future joint projects with Karnfull Next at [...]

S. Korea’s Financial Support ‘Not on Agenda’ for Czech Nuclear Plant Projects: Czech Official

S. Korea’s Financial Support ‘Not on Agenda’ for Czech Nuclear Plant Projects: Czech Official

SEOUL, Nov. 29 (Korea Bizwire) – A senior Czech official in charge of nuclear energy affairs has said that financial support from South Korea is “not on agenda” for his country’s nuclear plant construction projects, dismissing speculations that the Seoul government may have offered such assistance in a bid to win the country’s multibillion-dollar nuclear [...]

S. Korea Expects to Create 59 Tln Won in Economic Effect via Zero Carbon Energy Sources by 2033

S. Korea Expects to Create 59 Tln Won in Economic Effect via Zero Carbon Energy Sources by 2033

SEOUL, Nov. 22 (Korea Bizwire) — South Korea expects to achieve an economic effect worth 59 trillion won (US$42 billion) by beefing up the country’s “zero carbon energy ecosystem” by 2033, the industry ministry said Friday. The Ministry of Trade, Industry and Energy has announced the 5th Energy Technology Plan, which presented its energy technology [...]

Hyundai Motor Partners with Ulsan City to Build City-wide Hydrogen Ecosystem

Hyundai Motor Partners with Ulsan City to Build City-wide Hydrogen Ecosystem

SEOUL, Nov. 12 (Korea Bizwire) — Hyundai Motor Co. on Tuesday forged a partnership with the Ulsan metropolitan city to cooperate in establishing an overall municipal ecosystem based on clean hydrogen energy within the industrial city in South Korea’s southeast. Under their memorandum of understanding, Hyundai and the city government will collaborate in developing and [...]

World’s Largest Floating Wind Farm Planned Off South Korean Coast

World’s Largest Floating Wind Farm Planned Off South Korean Coast

ULSAN, Nov. 6 (Korea Bizwire) – International and domestic companies are set to invest 37.2 trillion won in what will become the world’s largest floating offshore wind farm complex off the coast of Ulsan, South Korea. The Ulsan Metropolitan Government announced on November 5 that it will sign Letters of Intent (LOI) with multiple energy companies [...]

S. Korea, Qatar Agree on Stronger Cooperation on Energy Supplies, Renewable Resources

S. Korea, Qatar Agree on Stronger Cooperation on Energy Supplies, Renewable Resources

SEOUL, Nov. 4 (Korea Bizwire) — Top industry officials of South Korea and Qatar agreed Monday to maintain strong cooperation on energy supplies amid geopolitical tensions and expand their ties into a wide range of energy and shipbuilding sectors, Seoul’s industry ministry said. South Korea’s Industry Minister Ahn Duk-geun and Qatar’s Minister of State for [...]

South Korean Island Plans to Convert Food Waste Into Hydrogen Fuel

South Korean Island Plans to Convert Food Waste Into Hydrogen Fuel

JEJU, Nov. 1 (Korea Bizwire) – Jeju Island, South Korea’s popular tourist destination, is advancing an ambitious plan to transform food waste into hydrogen fuel, marking a significant step in the nation’s renewable energy initiatives.  The Ministry of Environment is in discussions with Jeju provincial authorities to designate the island as the primary candidate for a [...]

Korean Research Institute Develops Underwater Laser Technology for Safe Nuclear Reactor Dismantling

Korean Research Institute Develops Underwater Laser Technology for Safe Nuclear Reactor Dismantling

DAEJEON, Oct. 31 (Korea Bizwire) – The Korea Institute of Machinery and Materials (KIMM) announced on October 30 that it has developed an innovative laser cutting technology capable of safely dismantling nuclear reactors underwater. The development comes at a crucial time as South Korea faces an increasing need for reactor dismantling technology, with multiple nuclear power [...]

Jeju Island Launches South Korea’s First Commercial Green Hydrogen Sales

Jeju Island Launches South Korea’s First Commercial Green Hydrogen Sales

JEJU, Oct. 30 (Korea Bizwire) – Jeju Island announced on October 30 that it will begin the nation’s first commercial sales of green hydrogen at the Hamdeok Green Hydrogen Station in Hamdeok-ri, Jocheon-eup, Jeju City, starting December 1. The fuel will be available for hydrogen-powered passenger cars and buses. Green hydrogen, produced by splitting water through [...]

Hyundai Motor Signs 610 GWh Renewable Energy Deal with Domestic Partners

Hyundai Motor Signs 610 GWh Renewable Energy Deal with Domestic Partners

SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has signed a 610-gigawatt-hour (GWh) power purchase agreement (PPA) with SK E&S Co. and other partners, the latest in its renewable energy transition efforts. The automotive giant said its renewable energy supply deal with SK E&S, Hyundai Engineering & Construction Co., GS E&R [...]