LATHAM, N.Y., Feb. 25 (Korea Bizwire) – Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions building the global green hydrogen economy, and SK Group, one of the leading South Korean business groups, announce the completion of the $1.6 billion capital investment to partner in accelerating hydrogen as an alternative energy source in Asian [...]
SEOUL, Feb. 16 (Korea Bizwire) — Hyundai Motor Group and POSCO will explore overseas hydrogen-related business opportunities as they diversify portfolios to secure a new growth driver, the carmaker said Tuesday. Hyundai Motor and POSCO have formed business ties to explore a partnership in overseas hydrogen production and related technology development projects and seek chances [...]
SEOUL, Feb. 9 (Korea Bizwire) — Doosan Mobility Innovation (DMI), a producer of portable fuel cell power packs, said Tuesday it has signed a deal with a Chinese robot maker to jointly develop hydrogen fuel cell-powered firefighting robots. Under the deal with CITIC HIC Kaicheng Intelligence Equipment Co., DMI will work together to establish sales [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korean machinery maker Hyosung Heavy Industries Corp. has teamed up with German chemicals group Linde to build the world’s largest liquid hydrogen plant. The two sides recently signed a joint venture (JV) agreement to promote their liquid hydrogen operations. Under this deal, two JVs will be established – [...]
WANJU, Jan. 27 (Korea Bizwire) — The largest hydrogen fueling station in South Korea is seeing an increase in customer numbers. The station in Wanju County, North Jeolla Province has four fuel pumps and saw a jump in customers to 1,124 just two months after it opened in June of last year. The total amount [...]
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, Jan. 26 (Korea Bizwire) – South Korean steelmakers are doubling down on hydrogen-related investments, as part of efforts to overcome the ever-toughening environmental regulations as well as to create new growth engines. Industry experts say that in a situation where the steel industry is stigmatized as being devastating to the environment, the core competitiveness [...]
CHUNCHEON, Jan. 22 (Korea Bizwire) — The city of Chuncheon, Gangwon Province completed a 3 billion won (US$2.7 million) joint project with the Ministry of Land, Infrastructure and Transport and Korea Expressway Corp. to build a hydrogen charging station at a service area on an expressway with trial operations scheduled to begin on Thursday. During [...]
SEOUL, Jan. 7 (Korea Bizwire) — SK Group, a South Korean conglomerate, said Thursday it will invest 1.6 trillion won (US$1.5 billion) in U.S. fuel cell maker Plug Power Inc. to expand its footprint in the hydrogen business. SK Holdings Co., the group’s holding firm, and SK E&S Co., a natural gas subsidiary, will acquire [...]
LATHAM, N.Y., Jan. 6 (Korea Bizwire) — Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen fuel cell and fueling solutions enabling e-mobility, and SK Group, one of the leading South Korean business groups, announced today that the companies intend to form a strategic partnership to accelerate hydrogen as an alternative energy source in [...]