Doosan Group announced on Jan. 9 (local time) that it held a press conference ahead of the opening of CES 2024 in Las Vegas in the U.S. on Jan. 8 (local time).The event was held at the Mandalay Bay Convention Center in Las Vegas with the attendance of more than 200 media employees from around the wo
Park Jung-won, chairman of Doosan Group, will attend the world’s largest consumer electronics and IT trade show, CES 2024, to be held in Las Vegas, Nevada, in the U.S., from Jan. 9 to 12.According to Doosan Group on Dec. 17, Chairman Park, along with Vice Chairman Park Ji-won and other executives, w
Hyosung Group presented a blueprint for its hydrogen business at the Green Business Week 2023 (GBW 2023) held at the COEX convention center in the Gangnam district of Seoul on Nov. 22, covering everything from hydrogen production to storage, transportation, and supply.At the exhibition, Hyosung intr
Korea Water Resources Corporation (K-water) signed a business agreement with three companies – Plug Power, SK E&S and SK Plug Hyverse – in Albany, New York in the United States on Nov. 3 (local time) to expand the use of green hydrogen and rev up the industry.The agreement was signed to accelerate t
On Oct. 11, HD Korea Shipbuilding & Offshore Engineering announced at Seoul Square a concluded investment agreement with the pioneering fuel cell company Elcogen AS. The agreement sees the shipbuilding giant investing a total of 45 million euros (US$48 million).The event was graced by the presence o
A technology that maintains high hydrogen production efficiency over a long period by leveraging semiconductor technology capable of implementing a three-dimensional network structure has been developed.On Sept. 25, the Korea Advanced Institute of Science and Technology (KAIST) announced that a join
The “Nujio’qonik” project, in which SK ecoplant plays a vital role, has achieved a significant milestone in its total three phases, valued at 15 Billion USD project. The project has successfully secured sites for wind power generation required for its three phases, building upon the ongoing activiti
Korea Hydro & Nuclear Power (KHNP) is set to participate in the green cement conversion project in South Australia.KHNP signed a memorandum of understanding (MOU) and a statement of cooperation (SOC) for the production of green hydrogen for South Australia’s green cement manufacturing project with t
SK E&S announced on May 2 that it will invest a total of KRW 1 trillion in the domestic hydrogen industry, including the construction of a factory, a production base for hydrogen facilities, together with Plug Power, a leading hydrogen company in the United States.SK E&S announced a joint venture pl
Hyundai Engineering and SK ecoplant announced on April 20 that they will cooperate with USNC, a company specializing in micro-modular reactors (MMRs) in the United States, to start research and development for hydrogen production without carbon emissions.On the same day, the three companies signed a
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhgv.com -- Ed.A hydrogen production project using nuclear power plants has begun in the US. Also, X-energy is strengthening cooperation with Dow.EU energy market for third week of MarchOver Mar 12~18, the EU’s p
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.The EU Commission recently unveiled the TCTF, Net-Zero Industry Act, and CRMA. At center is the simplification of subsidies for the strengthening of the EU’s green (solar, wind, hydrogen, batteries) m
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, will develop fuel cells for ships and power generation and secure eco-friendly hydrogen production technology, in partnership with Europe’s largest research center and a fuel cell parts manufacturer.KSOE
POSCO Group will invest a total of US$40 billion in Australia by 2040 together with its local partners, the group's chairman Choi Jeong-woo said at a meeting with Australian Prime Minister Anthony Albanese in Canberra on Dec. 1.“We regard Australia as the most important investment destination in
Doosan Energy and Samsung C&T will participate in a pilot small module reactor (SMR) project in Ukraine.According to the U.S. State Department on Nov. 13, U.S. Special Envoy for Climate John Kerry and Ukrainian Energy Minister German Galushchenko announced a pilot SMR project at the 27th Conference
An increasing number of governments and enterprises are focusing on hydrogen as an energy source with oil prices fluctuating and after the outbreak of the war in Ukraine.The U.S. Inflation Reduction Act includes a lot of incentives for hydrogen development and utilization. The examples include a sub
The Ministry of Science and ICT released a new hydrogen technology R&D strategy on Nov. 9, which is made up of domestic development of clean hydrogen production technologies, advancement of hydrogen storage and transport technologies, and further hydrogen utilization in industries.The top-priority t
Doosan Enerbility is developing a combustor for a hydrogen turbine in a government-sponsored project. Its goal is to secure a 50-percent hydrogen co-firing turbine by 2025 and a 100 percent hydrogen power generation turbine by 2027.Doosan Enerbility is strengthening technological cooperation with co
The author is an analyst of KB Securities. He can be reached at moonjoon.chang@kbfg.com. -- Ed. Maintain BUY, raise target price to KRW30,000 We maintain BUY on Samsung Engineering but raise our TP by 7.1% to KRW30,000 (2.0x 12m fwd P/B) despite an increase in COE (9.0%→9.5%) due to a raised RFR. Ou
The Ministry of Trade, Industry and Energy announced on Sept. 29 that a 12.5 mW green hydrogen demonstration project would be launched in Jeju. According to the ministry, a total of 62 billion won will be invested in the project, which is scheduled to end in March 2026.The goal of the project is to