SEOUL, Oct. 7 (Korea Bizwire) — Hyundai Mobis Co. said Thursday it will invest 1.3 trillion won (US$1.09 billion) to expand its fuel cell production facilities in line with its parent group’s future mobility plans. South Korea’s biggest auto parts maker will build two additional hydrogen fuel-cell plants — one for the manufacture of fuel-cell [...]
DAEJEON, Sept. 10 (Korea Bizwire) — The Institute for Basic Science announced that it has developed an ultra-small fuel cell with greatly reduced weight and bulk. A fuel cell typically consists of end plates, a separation membrane and a membrane electrode assembly (MEA), the component that actually makes electricity. The research team proposed the idea [...]
DAEJEON, March 17 (Korea Bizwire) — South Korean state-run research organization has joined hands with a private company to push for the localization of a core fuel cell component for which the country has relied entirely on imports until now. On Tuesday, the Korea Research Institute of Chemical Technology signed a technology transfer agreement with [...]
SEOUL, March 8 (Korea Bizwire) — S-Oil Corp., South Korea’s No. 3 oil refiner, said Monday it is investing 8.2 billion won (US$7.3 million) in a fuel cell developer to diversify its energy portfolio. The refiner owned by Saudi Aramco said in a regulatory filing that it will acquire a 21 percent stake in Fuel [...]
SEOUL, Jan. 26 (Korea Bizwire) — Last year’s transactions of fuel cell electricity showed a dramatic increase over 2019, driven by the expansion of the hydrogen economy. The Electric Power Statistics Information System (EPSIS) reported the country’s total capacity of fuel cell electricity production last year was 605 megawatts (MW), up by 30.4 percent since [...]
SEOUL, Oct. 19 (Korea Bizwire) – South Korean fuel cell maker Doosan Fuel Cell Co. said Monday that it will invest 72.4 billion won (US$63.4 million) to build a cutting-edge fuel cell plant. Doosan Fuel Cell, a unit of cash-strapped Doosan Group, aims to churn out solid oxide fuel cells (SOFCs), energy conversion devices generating [...]
DANBURY, Conn., March 25 (Korea Bizwire) – FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in fuel cell technology focused on utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy, provided an update on the performance achievements of the 20 megawatt Korean Southern Power Company (KOSPO) fuel cell park built in [...]
SEOUL, Sept. 26 (Korea Bizwire) — Samsung Heavy Industries Co., a major shipbuilder here, said Thursday it has developed the world’s first Aframax crude oil tanker (COT) powered by fuel cells. Samsung Heavy said it had acquired approval in principle from DNV GL, a Norway-based classification society, for its fuel cell-powered Aframax COTs. Completion of [...]
SEOUL, Jan. 16 (Korea Bizwire) — SK Engineering and Construction Co. has recently received a series of construction orders only a month after signing a contract with Bloom Energy to supply fuel cell facilities in South Korea. SK E&C announced on Tuesday that it had signed contracts with KT Corp. and Korea Midland Power Co. [...]
London, Sept. 19 (Korea Bizwire) – FPT Industrial, the powertrain brand of CNH Industrial N.V. (NYSE: CNHI/MI: CNHI), believes that this Hydrogen Fuel Cell technology could be used in commercial vehicles to deliver zero Tank-to-Wheel and Well-to-Wheel emissions. Furthermore, it could play a significant role in the development of a virtuous cycle, where hydrogen is produced [...]