SEOUL, March 19 (Korea Bizwire) — SK On has signed its first-ever battery supply contract with a Japanese automaker, securing a massive deal with Nissan valued at an estimated 15 trillion won (approximately $11 billion). In a regulatory filing on Tuesday, SK On announced that it will supply Nissan with 99.4 gigawatt-hours (GWh) of high-performance high-nickel [...]
WASHINGTON, March 17 (Korea Bizwire) — A U.S. Department of Energy (DOE) laboratory contractor employee was terminated after attempting to board a flight to South Korea with export controlled information on nuclear reactor design software, a report showed Monday. Idaho National Laboratory (INL) terminated the person during the reporting period from Oct. 1, 2023 through [...]
SEJONG, March 18 (Korea Bizwire) — South Korean Industry Minister Ahn Duk-geun is set to meet with the governor of Alaska next week in Seoul and discuss Seoul’s possible participation in the gas pipeline project in the U.S. state, diplomatic sources said Tuesday. Ahn plans to hold a face-to-face meeting with Alaska Gov. Mike Dunleavy, [...]
DAEJEON, March 18 (Korea Bizwire) — Scientists at the Korea Advanced Institute of Science and Technology (KAIST) have developed a novel electrolyte solvent that could cut electric vehicle charging times in half while extending battery life, potentially marking a significant advancement in lithium-ion battery technology. The research team, led by professors Choi Nam-Soon and Hong Seungbum, created [...]
SEOUL, March 14 (Korea Bizwire) – Samsung SDI Co., South Korea’s major battery maker, said Friday it has signed a 437.4 billion-won (US$300.5 million) deal to supply energy storage solution (ESS) batteries to U.S. energy firm NextEra Energy Inc. The deal apparently is part of an ESS supply agreement the two companies reached in July, [...]
SEOUL, March 14 (Korea Bizwire) — Korean polar researchers have discovered a promising new material for lithium-sulfur battery development in an unexpected place: Antarctic waters. The Korea Polar Research Institute (KOPRI) announced on March 13 that a team of researchers had identified a key component for next-generation lithium-sulfur batteries from a red algae species found near [...]
SEOUL, March 13 (Korea Bizwire) — Doosan Enerbility Co. said Thursday it has secured a 2.2 trillion-won (US$1.52 billion) contract to build two combined cycle power plants in Saudi Arabia. The company said it has signed the engineering, procurement and construction (EPC) contract for the construction of Luma 1 and Nairiyah 1 power plants, each [...]
BUSAN, South Korea, March 13 (Korea Bizwire) – As aviation authorities strengthen in-flight safety measures for power banks and electronic cigarettes, South Korean fire officials have highlighted the dangers of lithium-ion battery thermal runaway through a recent experiment. On March 12, the Busan Fire & Disaster Headquarters conducted a public demonstration to assess the risks associated [...]
SEOUL, March 12 (Korea Bizwire) — HD Hyundai Heavy Industries Co., a major South Korean shipbuilder, said Wednesday it has signed a strategic cooperation agreement with TerraPower LLC, a nuclear power startup founded by Bill Gates, to expand the manufacturing supply chain for power plants featuring sodium-cooled reactors. Under the partnership, the two companies will [...]
SEOUL, March 12 (Korea Bizwire) — South Korea’s energy consumption grew at a sharply slower pace in 2022 than in previous years mainly due to limited transportation during the COVID-19 pandemic and lower demand from households, the industry ministry said Wednesday. The country’s overall energy consumption stood at 230 million tons of oil equivalent (TOE) [...]