Participation in the '2020 Green New Deal Expo' Hosted by the National Assembly Hydrogen Economy Forum
Exhibition of Hydrogen Power Generation Technology Utilizing Greenhouse Gases and More
Korea East-West Power announced that it will participate in the '2020 Green New Deal Expo' held from the 28th to the 30th, showcasing new technologies in the fields of hydrogen and renewable energy. (Photo by Korea East-West Power)
[Asia Economy Reporter Moon Chaeseok] Korea East-West Power announced on the 28th that it will participate in the '2020 Green New Deal Expo' to showcase new technologies in the hydrogen and renewable energy sectors. The expo, hosted by the National Assembly Hydrogen Economy Forum, will be held for three days from today until the 30th.
At the expo, East-West Power will exhibit hydrogen production and utilization technologies, as well as solar and floating offshore wind power technologies, developed through cooperation with local universities such as Ulsan National Institute of Science and Technology (UNIST), University of Ulsan, and large and small-to-medium enterprises.
First, in hydrogen production and utilization technologies, they will present ▲ core technology for hydrogen power generation using greenhouse gases ▲ renewable energy conversion and storage technology ▲ fuel cell systems for power generation.
East-West Power, in collaboration with UNIST, is developing the world's first core technology for hydrogen power generation using greenhouse gases. This system produces hydrogen and 10 kWh-class electricity simultaneously by utilizing exhaust gas from power plants. It can produce high-purity hydrogen and electricity at the same time while reducing greenhouse gases.
At this expo, East-West Power will demonstrate a device that produces hydrogen and electricity from carbon dioxide and provide a virtual reality (VR) program that allows visitors to experience a commercial-scale plant scheduled to be installed at the Dangjin Thermal Power Plant.
Additionally, together with Korea Electric Power Corporation and others, they are developing a national project technology that converts and stores electricity generated from renewable energy sources such as solar and wind power into hydrogen, methane, and other forms.
They are developing an electrolysis process using renewable energy at the Donghae Thermal Power Plant and plan to build the country's only 'hydrogen convergence and hybrid cluster' capable of hydrogen production, storage, transportation, and utilization in cooperation with Gangwon Province at the Bukpyeong Industrial Complex in Donghae City.
Regarding fuel cell systems for power generation, East-West Power is jointly promoting the commercialization of large-capacity hydrogen fuel cell power generation using purely domestic technology with Hyundai Motor Company (Hyundai) and Deokyang.
They plan to complete a 1 MW-class fuel cell system for power generation at the Ulsan Thermal Power Plant next month. Demonstration tests will be conducted for about two years thereafter.
An East-West Power official said, "If domestic equipment is increasingly introduced into the large-capacity fuel cell market, the localization rate, currently only 50%, can be raised to 99%," adding, "We expect this to secure price competitiveness and create domestic jobs."
Furthermore, new technologies in the renewable energy sector include ▲ solar road block using waste resources ▲ the country's first floating offshore wind power.
East-West Power is developing the 'solar road block using waste resources,' which combines the functions of paving blocks and solar power generation, in collaboration with small and medium enterprises.
They have developed a prototype made by combining high-strength solar modules with paving blocks made from waste resources and installed it last month at Jung-gu Office in Ulsan City to verify strength and safety.
Also, in cooperation with the University of Ulsan, they are developing the country's first floating offshore wind turbine. They plan to create a large-scale offshore wind farm using the Donghae gas field offshore platform near Ulsan.
At this expo, a 1/40 scale model will be installed to introduce it to visitors.
An East-West Power official said, "We are actively promoting the development of next-generation green hydrogen and renewable energy technologies, including operating the world's largest by-product hydrogen fuel cell power plant in the Daesan Industrial Complex," adding, "We will continue to do our best in technology development and job creation to lead the Green New Deal."
East-West Power has established a 'East-West Power-type New Deal' strategy in line with the government's Korean New Deal. They plan to invest 7 trillion won by 2025 in ▲ Green New Deal ▲ Digital New Deal ▲ establishment of people-centered safety and environmental networks.
In particular, in the Green New Deal sector, they plan to invest about 2.7 trillion won by 2025 in new and renewable energy and the hydrogen industry to secure a facility capacity of 4.3 GW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
