SEOUL, May 11 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it is participating in America’s Advanced Clean Transportation Expo 2022 for the first time. At the Expo, held from Monday to Thursday, Hyundai will introduce the Xcient fuel cell truck and offer test drive programs. The carmaker will also be invited to speak at [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s state utility Korea Electric Power Corp. (KEPCO) has launched an initiative to create a hydrogen ecosystem, including the commercialization of hydrogen and ammonia power generation, through a collaboration with private companies. KEPCO recently signed a memorandum of understanding with Lotte Chemical Corp. and POSCO Holdings Inc. to expand cooperation [...]
SEOUL, April 26 (Korea Bizwire) — South Korea plans to invest 397.5 billion won (US$318 million) in building charging stations for electric and hydrogen-powered vehicles this year in an effort to foster the next-generation car industry, a senior government official said Tuesday. The government also plans to focus on building the infrastructure and developing technology [...]
LATHAM, N.Y., April 19 (Korea Bizwire) — Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, reveals today a fresh, new brand, purpose and logo reflecting its commitment to building a more secure and sustainable energy future. “Hydrogen is the molecule of a green energy revolution,” [...]
LATHAM, N.Y., April 19 (Korea Bizwire) – Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced an agreement with Walmart Inc. (NYSE: WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen to power material handling lift trucks across Walmart distribution and [...]
SEOUL, March 31 (Korea Bizwire) — Lotte Chemical Corp. said Thursday it aims to generate 50 trillion won (US$41.3 billion) in sales by 2030 from hydrogen energy, battery materials and plastic recycling as it seeks to make inroads into green businesses amid the industrywide transition to sustainable growth. The ambitious goal unveiled by the petrochemical [...]
CHUNGJU, March 23 (Korea Bizwire) — South Korea’s first biogas hydrogen fueling station, which uses food waste to produce and supply hydrogen fuel, opened in Chungju, 147 kilometers south of Seoul, on Wednesday. The Chungju Bio-Hydrogen Refueling Station uses biogas produced at the Chungju Food Bio Energy Center to make highly concentrated, eco-friendly hydrogen with [...]
LONDON/HOUSTON/SINGAPORE, March 21 (Korea Bizwire) — Low-carbon hydrogen will play a fundamental role in transforming the energy, transportation and heavy industries sectors to achieve a net-zero economy. However, the pace at which low-carbon hydrogen production will become commercially viable varies greatly depending on technology. As energy majors, power and natural gas utilities, financiers, technology providers, [...]
SEOUL, Feb. 16 (Korea Bizwire) — Asset management companies in South Korea have released a string of exchange traded funds (ETFs) with a focus on investment in global hydrogen companies. KB Asset Management Co., an asset management arm of KB Financial Group Inc., said Tuesday that it listed the KBSTAR Global Hydrogen Economy Indxx in [...]
Bismarck, ND and Westlake Village, CA, Feb. 9 (Korea Bizwire) — Clean hydrogen infrastructure developer Bakken Energy and its partner Mitsubishi Power Americas Inc. have signed a Memorandum of Understanding with the Mandan, Hidatsa, and Arikara (MHA) Nation laying the groundwork for MHA Nation to become the natural gas supplier for the Great Plains Hydrogen [...]