If you are looking for evidence of healthy global economic activity in manufacturing, one strong indicator is a surge in South Korean semiconductor exports.
South Korea and Australia Meet to Discuss a Hydrogen-Powered Future
On March 3, the National Academy of Engineering Korea (NAEK) met with the Australian Academy of Technology and Engineering (ATSE) to discuss the future of hydrogen and the challenges and opportunities of the energy source.
The Hydrogen Futures workshop was a great opportunity for 50 hydrogen and clean energy experts from both countries to share knowledge and create new research partnership opportunities. According to ATSE, the Korean keynote speaker was renewable energy expert Professor Chinho Park, who was most recently the Managing Director of Energy Industry, OSP, at the Korean Ministry of Trade, Industry and Energy.
The South Korean government is not new to exploring various alternative energy sources. As we discussed in a November blog, the South Korean government announced an ambitious plan to move towards green energy by building three hydrogen-powered cities by 2022.
Korea’s plan to create the first three hydrogen-powered cities will include cooling, heating, electricity generation and transportation. The specific locations of the three test cities are still under evaluation, but the intent is to apply hydrogen technology to its entire transportation system, including buses and personal cars.
Korea’s announcement complements the nation’s larger strategy to power 10 percent of the country’s cities, counties and towns by hydrogen by 2030, eventually increasing to 30% by 2040.
In fact, South Korean province Gangwon-do is set to have a new hydrogen station by the end of the year in Chuncheon. The new station will be installed with a charging capacity of 25kg per hour – capable of charging five vehicles per hour.
“Through the speedy construction of hydrogen charging stations on expressways, we will ensure national distribution of hydrogen vehicles and the rights to take long road trips, while assertively realising policies to promote the hydrogen economy, which will be a future growth engine of the future,” said Bureau Yongseok Kim, Ministry of Land, Infrastructure and Transport (MOLIT) Director General of the Road.
We look forward to continuing our collaboration with Australia and other countries as we explore the great potential hydrogen has to power our future.