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Archive by category Hydrogen/Nuclear & Renewable Energy

South Korean Researchers Develop AI-Powered Urban Electrification Technology

DAEJEON, Sept. 12 (Korea Bizwire) – The Korea Institute of Energy Research (KIER) has announced a breakthrough in urban electrification technology, leveraging artificial intelligence to stabilize renewable energy grids in cities. The development, announced on September 11, marks a significant step towards sustainable urban environments and carbon neutrality. Urban electrification, the process of transitioning city energy [...]

Regulator Grants Construction Permit for 2 New Nuclear Reactors

SEOUL, Sept. 12 (Korea Bizwire) — The Nuclear Safety and Security Commission (NSSC) on Thursday granted a construction permit for two new nuclear reactors on the east coast of South Korea, eight years after the application was submitted. At its regular meeting, the NSSC approved proposals from Korea Hydro & Nuclear Power Co. to build [...]

KHNP Plans to Invest US$40 Mln in Bill Gates’ TerraPower

SEOUL, Sept. 6 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power (KHNP) plans to invest US$40 million in TerraPower LLC, a U.S. small-sized nuclear reactor company founded by Bill Gates, an industry source said Friday. If formally approved by KHNP’s board, it will mark the first investment by a state-run energy firm into [...]

S. Korea’s Nuclear Power Plant Deal with Czechia to Help Advance Bilateral Ties: FM

SEOUL, Sept. 5 (Korea Bizwire) — Foreign Minister Cho Tae-yul has said South Korea’s nuclear power plant deal with the Czech Republic will be a “prime opportunity” for the two countries’ relations to advance to a new level, his office said Thursday. Cho made the remark during a meeting with Czech National Security Adviser Tomas [...]

Yoon to Send Special Envoys to Czech Republic to Discuss Follow-up Measures for Nuclear Power Project

SEOUL, Jul. 23 (Korea Bizwire) — President Yoon Suk Yeol will send special envoys to the Czech Republic to discuss follow-up measures on the European country’s selection of a South Korean consortium as a preferred bidder for a nuclear power plant project, his office said Tuesday. Sung Tae-yoon, the presidential chief of staff for policy, [...]

Czech Bid Paves Way for S. Korea’s Advance into Nuclear Energy Market in Europe: Industry Minister

SEOUL, Jul. 18 (Korea Bizwire) — South Korean Industry Minister Ahn Duk-geun said Thursday that the country’s recent winning of a nuclear power project in the Czech Republic will pave the way for its active advance into the broader European nuclear energy market. On Wednesday, the state-run Korea Hydro & Nuclear Power (KHNP) was selected [...]

Korea Eximbank Backs Record-Breaking UAE Solar Project with $150 Million Financing

SEOUL, Jul. 9 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) announced on July 8 that it will provide $150 million in project financing for a major solar power project in the United Arab Emirates (UAE), won by the Korea Western Power Co. This ambitious venture, located in the UAE’s desert region, involves the [...]

South Korea Nears Milestone of 1,000 Hydrogen Buses on Roads, Government Reports

SEOUL, Jul. 4 (Korea Bizwire) – The South Korean Ministry of Environment announced on July 3 that the country is on the brink of a significant clean energy milestone, with 992 hydrogen-powered buses currently in operation nationwide. This puts the nation on the cusp of reaching 1,000 hydrogen buses on its roads, a goal set in [...]

SK E&S Unveils South Korea’s First Liquid Hydrogen Refueling Station in Gyeonggi Province

SEOUL, Jun. 26 (Korea Bizwire) –In a significant step towards a hydrogen-powered future, SK E&S announced on June 27 the completion of South Korea’s first liquid hydrogen refueling station in Gyeonggi Province. The facility, the Icheon Daeheung Liquid Hydrogen Refueling Station, was inaugurated in Daewol-myeon, Icheon. The station is operated by SK Plug Hyverse (Hyverse), [...]

S. Korea to Create Small Modular Reactor Industrial Complex in Gyeongju

SEOUL, Jun. 20 (Korea Bizwire) — President Yoon Suk Yeol said Thursday that South Korea will create a small modular reactor (SMR) industrial complex in the southeastern city of Gyeongju and a hydrogen industrial cluster in its surrounding North Gyeongsang Province to foster the emerging energy sector and boost the local economy. Yoon announced the [...]