The Hyundai Motor Group is planning to rank second in the global eco-friendly car market by 2020. To this end, the company is focusing on hydrogen fuel cell vehicle R&D at the Gwangju Creative Economy Innovation Center. At the same time, it is going to raise 177.5 billion won (US$162.3 million) in funds with the government for startups in the auto industry and better business management at small and medium enterprises. The funds include a so-called hydrogen fund of approximately 15 billion won (US$13.7 million), which will be spent on the hydrogen fuel cell industry. Industry-academic idea collection, expert consulting, and mentoring are scheduled, and stations are set up for LPG and CNG-based hydrogen and electric power generation, sale, and storage.
Joint research activities and programs will be underway as well to replace imported hydrogen vehicle parts with domestically-developed ones. Specifically, these will cover the development of separation membranes, base materials, storage, and transfer techniques for fuel cells and external power transmission technology, and so on. According to the Nikkei BP Cleantech Institute, the global fuel cell market is estimated to reach 400 trillion won (US$366 billion) in 2030. The hydrogen fuel cell industry of Korea is expected to exceed 107 trillion won (US$97.9 billion) by 2040, and they expect to create about 175,000 jobs and produce 23.5 trillion won (US$21.5 billion) of goods.
For full article, see Business Korea.
As the hydrogen-fueled vehicle is emerging as the future growth engine, local governments are competing intensely to preempt it. In particular, as Chungeongnam-do Province and Ulsan are trying hard to develop the hydrogen-fueled vehicle as the representative industry and growth engine of the region, they are drawing a great deal of attention.
Chungeongnam-do Province established the ‘plan for commercialization of the fuel cell electric vehicle (FCEV) and development of the industrial infrastructure’ at the end of last October, and submitted an application for a preliminary feasibility study to the Ministry of Commerce, Industry & Energy. It is the second such plan since last May. In this new plan the province said that it would invest a total of KRW232.4 billion (230 million USD), i.e. KRW155 billion (150 million USD) from the government, KRW46.6 billion from the province and KRW30.8 billion from the private sector, to become a Mecca of the hydrogen-fueled vehicle.
Ulsan, possessed of a good infrastructure for the hydrogen-fueled vehicle, is also showing a strong affection for the hydrogen-fueled vehicle industry and committed to fostering this industry. Ulsan has invested a total of KRW12 billion (12 million USD) (KRW3.7 billion from the government, KRW1.4 billion from the municipal government and KRW6.9 billion from the private sector) from 2009 till 2014, and has been conducting the ‘Ulsan hydrogen-fueled vehicle commercialization project.’ So it has a very good infrastructure for the hydrogen-fueled vehicle.
For full article, see Korea IT News.
Like a regular SUV, Hyundai’s fuel-cell-powered Tucson lets you cover about 370 miles on a single tank. Its silent power system and familiar six-speed automatic transmission make highways and city streets quieter than ever. In fact, there’s not much you can’t do with the hydrogen-cell Tucson that you can’t do with a regular Tucson ― except fill’er up. And, for the moment, afford’er.
This isn’t the model found at dealerships. Not yet. But Hyundai is already leasing hydrogen-powered vehicles to city fleets, Copenhagen for one, and it plans to begin marketing to consumers by 2015.
Punch the ignition button, tap the pedal and you’re off. A comforting, jet-like whirring steps up with the acceleration. The motor is responsive. The Tucson chassis and suspension handle well. And the interior creature comforts ― love the heated seats ― make it competitive with any conventional gasoline-burning vehicle in its class.
For full article, see Korea Herald.
World’s largest residential Hydrogen town will be built in Ulsan, Korea by April 2013.
Korea Energy Management Corporation (KEMCO) selected the city of Ulsan as a pilot Hydrogen town and aims to complete it by April 2013. A Hydrogen town is a place where hydrogen, which is produced as a byproduct in industrial activities, is supplied to houses, public buildings and commercial buildings as a fuel for fuel cells. Hourly 1.8 million m3 of hydrogen is generated from industrial activities in Korea and 67% of them come from Ulsan. Ulsan has Onsan National Industrial Complex which produces hydrogen as a byproduct in the process of manufacturing petrochemical products or during the operation of a power plant.
In the Hydrogen town, one kW fuel cells in 140 households, 5 kW and 10 kW fuel cells in two commercial buildings and one government building will be built. Total 195 kW fuel cells will produce 1664 MWh of electricity and 2026 Gcal of heat annually. It is expected to replace 358 TOE of fossil fuel and reduce 1,088 ton of CO2 annually.
For full article, see AgentschapNL.
South Korea’s largest private power-generating company POSCO Energy gained a technology to independently produce core parts of fuel cells in five years since the company commenced the fuel cell business.
A fuel cell is an electrochemical device that combines hydrogen and oxygen in a chemical reaction to produce electricity, useable heat and water. Fuel cells are emerging as a new eco-friendly source of generating renewable energy.
POSCO Energy said Monday (local time) that it signed a contract with FuelCell Energy, an US manufacturer of ultra-clean fuel cell power plants, to license the technology to build core components of fuel cells, becoming the first Korean company to secure the technology.
Seoul Metropolitan Government unveiled a plan to install solar panels on around 10,000 buildings, schools and houses by 2014. The city aims to increase the use of photovoltaic energy to 320 megawatts of electricity by that year.
Half of the energy will be generated from rooftops or idle facilities of public offices and schools, while the other half from private buildings and houses. The city will also make an online solar map that shows the expected generating capacity of the solar power and whether buildings and houses can be equipped with photovoltaic facilities.
For full article see Korea Herald.
The Ministry of Knowledge Economy said Monday that it will launch the “Hydrogen Town Pilot Project” to establish futuristic energy infrastructure that uses waste hydrogen and hydrogen fuel cell technologies to meet the nation’s energy consumption needs.
With a budget of 9 billion won ($7.6 million) coming from the government and industries, the project will create the world’s largest hydrogen-powered town in Korea, potentially by late this year when related facilities are completed as scheduled, the ministry said.
More detailed plans, including the location and date of completion, will be finalized after a consortium is formed consisting of selected local government offices and private companies.
According to the ministry, the new hydrogen town will use hydrogen emitted as exhaust during the manufacture of petrochemical products and power plant operations. Such a feature distinguishes itself from hydrogen town projects of other countries that use hydrogen obtained from modified liquefied natural gas.
The recommended price for this hydrogen energy is as low as 100 won per cubic meters, which is only 12 percent of LNG prices, the ministry said.
The total capacity of the new hydrogen town facilities is about 200 kilowatts, generating 1,664 megawatts per hour, equivalent to the amount of energy used by 400 four-member families every year.
The heat energy produced in the hydrogen town is 2,026 gigacalories, an amount that can provide 127,000 four-member families with hot water of 140 degrees Fahrenheit every day.
Full article see: Korea Herald
The Seoul municipal government said Wednesday it will build 29 hydrogen fuel cell power plants by 2014 to ensure a smooth supply of electricity even in emergency situations.
Hydrogen fuel cells mix hydrogen and oxygen in the air to release energy through an electrochemical reaction. They produce little noise and no pollutants, leading to their use in various sectors, including in transport, power generation and homes.
The city government said it plans to attract the investment of electricity firms and private capital to build the plants and also to install 102 hydrogen fuel cells in buildings by the same year.
Under the plan, the city will produce 230 megawatts of electricity from hydrogen fuel cells by 2014 and continuously supply it to about 400,000 households.
For full article see Korea Times.
South Korean carmaker Hyundai Motor will be producing 1,000 units of hydrogen fuel cell cars starting from the end of this year. This is the largest commercial production planned for hydrogen-based cars to date.
Hyundai Motor completed all preparatory works for the production of its fuel cell electric vehicle (FCEV) model Tucsan ix by lowering the average unit cost of production down to 100 million won ($88,550.30). When considering government subsidies for environment friendly cars, the actual pricing will be much lower.
Hyundai’s pilot FCEV model will first be supplied to Denmark and other select European countries. Once it passes the final market test, it will reach the general Korean and European markets starting next year.
For full article see Maeil Business.
South Korean scientists have developed an enhanced material to contain hydrogen fuel that could significantly reduce the size of containers while holding more fuel, the government said Thursday.The new material could help speed up the development of hydrogen-fuel cars while improving the efficiency and overall competitiveness of such vehicles, as it will help reduce the size of fuel tanks, according to the Ministry of Education, Science and Technology. The ministry partly funded the research by a team from Insilicotech, a local materials development company.
Existing hydrogen containers use microporous materials, which have small pores that hold hydrogen and are about 0.321 nanometer in diameter. The team successfully expanded the size of pores in the material to 0.8 nanometer by injecting pyridine molecules that work as pillars between layers of the porous material.
For full article see Yonhap News.