South Korea

New research suggests solar combined with battery storage as well as peaking capacity requirements are driving increased procurement

It has partnered with Korea National Oil Corporation (KNOC) to jointly explore opportunities

The government also plans to promote the data and artificial intelligence economy

it will work with local partner GridWiz and Imperial College London to pilot its technology in the market

The project aims to achieve double the energy density of competing technologies

South Korea should win a gold medal for its energy efficiency successes in its hosting of the Winter Olympics. That’s the verdict from the Alliance to Save Energy (ASE), which says the PyeongChang Organising Committee for the 2018 Olympic and Paralympic Winter Games (POCOG) has managed to cut carbon intensity through the careful management of […]

The UK and the South Korea have announced a £6 million partnership for smart energy innovation. The programme will support development and demonstration projects on innovative smart energy technologies and business models, each one involving companies from both nations. They are said to be at similar stages in the development and deployment of smart systems, […]

South Korea could go 100% renewable by 2050 if it stays committed to its green targets. That’s according to the WWF, who says transitioning to a clean energy system would offer a major opportunity for new jobs and economic growth, as well as significant environmental benefits. Renewable energy currently accounts for just 2% of the country’s […]

A new 20MW fuel cell combined heat and power (CHP) plant has officially been opened in Seoul, South Korea. The Noeul Green Energy fuel cell park will generate enough electricity to power around 43,000 households as well as heat for around 9,000 homes. Fuel cells convert a fuel source into electricity and heat in a […]

A large number of South Korean households pay more per unit of energy than factories. State-owned utility Korea Electric Power Corp (Kepco) charges residential customers higher rates as usage increases whereas industrial users pay a flat rate that falls during off-peak hours. Householders paid 123.69 won (8p) per kilowatt hour last year, higher than 107.41 won […]