SEOUL, June 25 (Korea Bizwire) — South Korea has launched an integrated system that provides real-time information on power generation and consumption, enabling swift adjustments to how much power should be generated, as well as where the power would come from, the industry ministry said Wednesday. Information on power grids, which had been dispersed across [...]
SEOUL, May 30 (Korea Bizwire) — The amount of electricity generated from renewable energy in South Korea touched an all-time high in 2021 on government efforts to cut greenhouse gas emissions, data showed Monday. Electricity produced from renewable energy sources came to 43,085 gigawatt hours last year, accounting for 7.5 percent of the country’s total [...]
SEOUL, Nov. 16 (Korea Bizwire) — The government has launched a drive to demonstrate wave power generation using the force of waves hitting a seawall. The Ministry of Oceans and Fisheries on Tuesday held the completion ceremony for a 30-kilowatt-class demo plant designed to generate electricity using the force of waves hitting a seawall in [...]
SEOUL, April 30 (Korea Bizwire) – SK Engineering & Construction Co., a leading South Korean builder, has launched a demonstration project for carbon emission-free hydrogen fuel cell power generation. The company announced that it will establish a pure hydrogen solid oxide fuel cell (SOFC) power generation facility in collaboration with its affiliate SK Advanced Co., [...]
SEOUL, Feb. 16 (Korea Bizwire) – South Korea’s electricity generation fell for the second consecutive year in 2020 as demand dipped amid the coronavirus pandemic, data showed Tuesday. The amount of electricity generated by the nation’s power plants came to 552,165 gigawatt hours (GWh) last year, down 1.9 percent from the previous year, according to [...]
SEOUL, Jan. 25 (Korea Bizwire) — While renewable energy generation facilities are expanding rapidly on the back of the government’s policy to expand the distribution of new and renewable energy, the share of renewable energy among total power generation still remains negligible. The overall capacity of the nation’s renewable energy facilities expanded by 4,485 megawatts [...]
DAEJEON, Nov. 5 (Korea Bizwire) — A South Korean research team has succeeded in verifying new technology capable of generating electricity using supercritical carbon dioxide, known to demonstrate exceptional efficiency in generating electricity while acting as both a liquid and gas. The Korea Institute of Machinery and Materials (KIMM) announced Tuesday that it developed core [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s coal consumption for electricity generation decreased 7 percent in 2019 from a year earlier due to its efforts to cut carbon emissions, a report said Monday. Asia’s fourth-largest economy consumed 94 million tons of coal to generate electricity, compared with 101 million tons a year earlier, according [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korea’s electricity generation fell for the first time in more than two decades in 2019 amid an economic slowdown and favorable weather conditions, data showed Tuesday. The amount of electricity generated by the nation’s power plants came to 562,239 gigawatt hours (GWh) last year, down 1.5 percent from [...]
DAEJEON, Dec. 27 (Korea Bizwire) — Felled trees and timber abandoned at lumber sites will be recycled to generate eco-friendly electricity. The Korea South-East Power Co. signed a three-year contract with a South Korean pellet fuel manufacturer to use 215,000 tons of abandoned biomass each year to produce pellet fuel that can generate electricity. Biomass [...]