Doosan and Doosan Robotics Inc. vowed to strengthen ties with the US’ Rockwell Automation on technology development and marketing for smart factory operation. SEOUL : South Korea and the US have signed 23 initial agreements to boost bilateral cooperation on advanced industries and energy fields, such as batteries, robots and nuclear power generation, Seoul’s industry […]
Samsung Elec to join renewables pledge as S.Korea shifts gears on green energy – EQ Mag Pro
Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100% renewable energy, a person familiar with the matter said, as partners such as Apple Inc (AAPL.O) push it for action against climate change. Samsung, the world’s biggest chipmaker, is late to the green power pledge: It’s been […]
S.Korea’s LG Energy Solution expects its global market share to overtake rival CATL’s – EQ Mag Pro
SEOUL : Days before pricing its $10.7 billion IPO, South Korean battery maker LG Energy Solution (LGES) forecast its market share would overtake main rival CATL thanks to its wider range of customers and said it was aiming for a double-digit operating margin. LGES Chief Executive Officer Kwon Young Soo told reporters that he expected […]
S. Korea to supply microgrid and home solar power systems to Vanuatu – EQ Mag Pro
SEOUL : The Korea International Cooperation Agency (KOICA), a state organization that implements South Korea’s grant aid programs for developing countries, will supply renewable energy systems to Vanuatu, a country in the southwestern Pacific Ocean. The microgrid and home solar systems will be established in Vanuatu’s isolated areas. A microgrid is an autonomously-controlled power grid […]
S. Korea Develops Technique to Recycle Discarded Solar Panels Into High-Performance Solar Cells – EQ Mag Pro
SEOUL : Researchers have developed a non-destructive technique to recycle discarded solar panels to create high-performance solar cells. The technique will become crucial in a few decades when solar panels that are currently being used are discarded after their operational life of about 20 years. A solar panel is a photovoltaic module made of materials […]
Eurus Kicks Off Commercial Operation of 21-MW Wind Farm in S Korea
Japan’s Eurus Energy Group said today it has commenced the commercial operation of a 21-MW wind park in South Korea. The company, which owns a 56.7% interest in the plant, partnered up with Daehan Green Energy Co Ltd and Korea South-East Power Co Ltd to build the facility. The Korean partners hold respective stakes of […]
Ocean Winds, EDPR to Invest in Offshore Wind, Solar in S Korea
Ocean Winds (OW), the 50/50 joint venture (JV) formed by EDP Renovaveis SA (ELI:EDPR) and Engie SA (EPA:ENGI), will invest in the construction of a 1.2-GW offshore wind farm off Incheon, South Korea, while EDPR alone is set to put money in a 200-MW solar project in Goheung. The news was announced by South Korean […]
S Korea to set global standards for EV wireless charging
South Korea said on Thursday it will ramp up efforts to promote a homegrown charging technology for electric vehicles (EVs) as an international standard, as the country plans to penetrate deeper into the growing sector. The Korean Agency for Technology and Standards held a virtual meeting with experts from home and abroad to further foster […]
S. Korea to Accelerate Hydrogen Technologies
SEOUL : South Korea’s science ministry said Thursday it will spend 25.3 billion won (US$22.6 million) over six years to acquire core hydrogen-related technologies as the country seeks to boost its hydrogen industry. The ministry said it will commit 3.3 billion won this year and aims to develop promising hydrogen production and storage technologies, which […]
S. Korea, UN launch $18 m solar project in remote parts of Indonesia, Timor-Leste
United Nations Development Program (UNDP), has launched a US$18 million project to provide access to solar power and clean water in remote parts of Indonesia and Timor-Leste. The four year project, called ACCESS (Accelerating Clean Energy Access to Reduce Inequality), was funded by KOICA and will benefit about 20,000 people living in the targeted areas […]