SEOUL, March 7 (Korea Bizwire) — SK Inc. Materials Co., an advanced materials unit under South Korea’s SK Group, said Tuesday it is acquiring a U.S. company specializing in carbon capture, utilization and storage (CCUS), as it bolsters investment in clean energy. The board of SK Inc. approved the plan Monday to invest an additional [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s push for clean energy, notably hydrogen, offers opportunities for companies like FuelCell Energy Inc. (FCE) to deliver its technologies “well-suited” to help the country achieve its carbon emissions goals, its CEO has said. Jason Few, president and CEO of the U.S. fuel cell platform manufacturer, said the [...]
SEOUL, June 14 (Korea Bizwire) — South Korean battery maker SK Innovation Co. said Tuesday it will invest US$30 million in Amogy Inc., a U.S. developer of ammonia-based, emission-free power solutions, and cooperate in the development of related technologies. To that end, both companies signed a deal on strategic investment and a memorandum of understanding [...]
VIENNA, Austria, Oct. 14 (Korea Bizwire) — This year’s Energizing Finance research series – developed by Sustainable Energy for All (SEforALL) in partnership with Climate Policy Initiative (CPI) and Dalberg Advisors – shows the world is falling perilously short of the investment required to achieve energy access for all by 2030 for the seventh consecutive year. In [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean companies are accelerating their shift toward renewable energy to meet tighter emission goals and get ahead in the clean technology development. Major companies have committed to use 100 percent renewable energy by 2050 to join the global clean energy RE 100 initiative led by the international nonprofit [...]
LONDON and SAN FRANCISCO, Oct. 27 (Korea Bizwire) — By 2030 electricity systems comprised entirely of solar, wind and batteries (SWB) can provide both the cheapest power available and two to three times more total energy than the existing grid in the continental United States, and most populated regions globally, bankrupting coal, gas and nuclear [...]
DANGJIN, July 24 (Korea Bizwire) – South Korea’s move to switch to clean energy is being put into practice. The Dangjin-Eco Solar Power Plant, which was originally conceived as a coal-fired power plant before being changed to a renewable energy facility, largely in line with the Moon administration’s ambitious green energy-oriented policies, was officially completed [...]
DAEJEON, June 26 (Korea Bizwire) – The Korea Institute of Energy Research has begun an empirical study on the establishment of a hydrogen and clean energy-based residential complex in the municipality of Samcheok, Gangwon Province. The institute will invest 16.6 billion won (US$13.8 million) to build necessary infrastructure for a hydrogen-powered residential area in Samcheok, [...]
VANCOUVER, British Columbia, March 16 (Korea Bizwire) — General Fusion announced today the appointment of clean energy pioneer George (Chip) A. Hambro to its Board of Directors. Mr. Hambro brings deep experience leading successful technology development and business operations in Fortune 500 technology corporations. He joined early stage start-up First Solar in 2001 and as [...]
IRVINE, Calif., Dec. 10 (Korea Bizwire) — Cryogenic Industries Service Companies (NCS), a functional unit of Nikkiso Cryogenic Industries’ Clean Energy and Industrial Gases Group (“Group”), has entered into a Collaboration Agreement with Nikkiso group members LEWA and Geveke (subsidiaries of Nikkiso Co., Ltd (Japan)) to become ACD Authorized Sales and Service facilities. The new [...]