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Korean Register works with domestic companies to develop SOFC power generation system for ships SEOUL -- South Korea's maritime classification society joined forces with a shipbuilder and a renewable energy company to develop a next-generation power generation system for ships using solid oxide fuel cells, an electrochemical conversion device that produces electricity directly from oxidizing a fuel. SOFC is considered to be the most stable and power-efficient among its fuel cell brothers. Because SOFC has a high power output compared to its size, the fuel cell system is ideal for pow February 18, 2022
S. Korea opens total energy station for EV charging, electricity generation and fueling service SEOUL -- In a pilot project aimed at expanding the distribution of clean energy, South Korea opened its first total energy station that charges electric vehicles and generates electricity from fuel cells and solar power, along with fueling. Gas stations have been the object of active transformation as South Korea is undergoing changes in its clean energy infrastructure led by major refiners. An old gas station run by SK Energy in Geumcheon District in southern Seoul was transformed into a c February 9, 2022
Samsung C&T consortium wins $835 mln deal to build two combined cycle power plants in Vietnam SEOUL -- A consortium led by Samsung C&T, a Samsung Group unit involved in trade, investment and construction, has secured an $835 million deal to build two combined cycle power plants with a total generation capacity of 1,600 megawatts at an industrial park in Vietnam. Samsung C&T's share is worth $510 million. The consortium involving Samsung C&T and Lilama, a construction company in Vietnam, has been selected by Petrovietnam Power, the subsidiary of ViePetrovietnam, a state-r February 3, 2022
[CES 2022] Hanwha Systems ties up with Funzin to develop edge AI system LAS VEGAS -- Hanwha Systems, a defense contractor affiliated with South Korea's Hanwha Group, tied up with Funzin, a domestic software development and edge AI solution company, to develop an edge AI system that uses machine learning algorithms to process data generated by a hardware device at the local level. A memorandum of understanding was signed between Hanwha Systems and Funzin ahead of CES 2022 in Las Vegas. Edge AI is a core technology of an edge cloud system with high performance an January 5, 2022
Hanwha Q Cells consortium selected for state project to commercialize new solar cells SEOUL -- A consortium led by Hanwha Q Cells, a leading manufacturer of photovoltaic solar cells in South Korea, has been selected for a three-year state project to develop and commercialize perovskite crystalline silicon solar cells with high durability and high efficiency by using tandem cell technology that builds perovskite on top of silicon solar cells. Tandem solar cells can be individual cells or connected in series, which are simpler to fabricate but the current is the same through each December 27, 2021
Samsung Electro-Mechanics nurturs Vietnam subsidiary as production hub for flip chip ball grid arrays SEOUL -- Samsung Electro-Mechanics, an electric component maker in South Korea, will invest $851 million to nurture its subsidiary in Vietnam as a production hub for flip-chip ball grid arrays which are mainly used for central processing units (CPUs) and graphic processing units (GPUs) that require high-performance and high-density circuit connections. Samsung Electro-Mechanics said its board has approved the proposed investment in Samsung Electro-Mechanics Vietnam, saying the subsidiary would December 23, 2021
Hanwha Solutions seeks new business model thru investment in U.S. startup Lancium SEOUL -- Hanwha Solutions, a renewable energy service provider affiliated with South Korea's Hanwha Group, will accelerate its transition to an IT-based future energy provider by acquiring a stake in Lancium Technologies, an American startup specializing in power management in data centers. Hanwha Solutions signed a contract to invest $100 million in Lancium. Without disclosing the size of its stake, Hanwha Solutions said it would participate in management in Lancium by securing a board sea November 25, 2021
Taylor selected as site for Samsung's new chip fabrication plant in US Courtesy of Samsung Electronics] SEOUL -- Samsung Electronics selected the city of Taylor, Texas, as the site for its new chip fabrication plant in the United States, with an estimated injection of $17 billion to help boost the production of advanced logic solutions. Construction begins in the first half of 2022 for commercial operation in the second half of 2024. The new facility will manufacture products based on advanced process technologies for application in areas such as mobile, 5G, h November 24, 2021
Dutch firm ASML concludes deal to create lithography cluster in S. Korea SEOUL -- As a supplier of crucial equipment for the production of high-performance microchips, ASML Holding, a Dutch manufacturer of chip-making equipment, signed a deal to create a lithography cluster in South Korea by investing 240 billion won ($202 million) by 2024. ASML has provided extreme ultraviolet and deep ultraviolet lithography systems to South Korean semiconductor companies. Silicon-based round disks called "wafers" are coated with a light-sensitive substance and enter a s November 19, 2021
Samsung shipyard demonstrates new LNG liquefaction process with high energy efficiency SEOUL -- In an event watched by foreign guests from international classification societies and developers, Samsung Heavy Industries, a major shipbuilder in South Korea, has successfully demonstrated its liquefaction process called "SENSE Ⅳ" that can produce more than two million tons of liquefied natural gas annually and has high energy efficiency. Samsung Heavy Industries (SHI) said the demonstration was carried out at its shipyard in the southern island of Geoje. SENSE IV can reduce November 18, 2021