South Korea’s ‘first’ electric passenger ferry makes a splash

The vessel will carry more than 100 passengers and will enter operation in 2022

South Korean SK Group invests $1.5bn in US hydrogen fuel cell manufacturer Plug Power

SK Group will take a 9.9% stake in Plug Power and together they will form a joint venture to promote hydrogen fuel cell products in Asian markets

South Korea to replace all diesel passenger trains with low carbon high-speed alternatives by 2029

The move is predicted to slash almost 30% of the carbon footprint of the trains used at the moment and reduce greenhouse gas emissions by 70,000 tonnes

South Korea to shift to 40% clean energy share by 2034

The East-Asian country plans to begin to shift away from thermal and nuclear power generation to a larger proportion of renewable energy

LNG imports market to take a hit due to covid-19 crisis

In 2019, the three nations collectively imported nearly 51% of global LNG supplies

EU clears Saudi Aramco and Hyundai Heavy industries’ joint venture

The Commission said it would not raise any competition concerns because the joint venture will not be active in the European Economic Area

Plans for ‘world’s biggest’ floating offshore wind farm in South Korea

Equinor, Korea National Oil Corporation and Korea East-West Power have formed a consortium for the project

US to become world’s largest market for grid-connected energy storage

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

Equinor to pursue floating wind projects in South Korea

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

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South Korea on the road to 40,000 hydrogen cars by 2022

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