President Kwon Myung-ho of Korea East-West Power (EWP) toured the Donghae Power Complex on Nov. 27 and demanded that EWP devote itself to developing future technologies to prepare for the hydrogen economy era.
Starting with his tour of the Shinhonam Construction Complex on Nov. 5 one day after his inauguration, President Kwon visited complexes across the nation, including Ulsan, Dangjin, and Ilsan power complexes to meet EWP executives and staffers and lend an ear to field voices.
In the afternoon of Nov. 27, President Kwon toured the Donghae green hydrogen R&D cluster in which a project to verify all-cycle green hydrogen is being carried out.
He looked into the progress of the implementation of a government-initiated task related to hydrogen production, storage and utilization and gave words of encouragement to the staff, urging them to spearhead the building of a hydrogen industry ecosystem through the successful construction of a water electrolysis-based production center.
Donghae Power Complex has already finished a task on the development of a load variation water electrolysis hydrogen production technology designed to cope with renewable variations.
Starting this year, the complex has been implementing four new tasks - hot water temperature electrolysis hydrogen production, high-safety clean hydrogen storage, non-mental hydrogen pipeline joints and hydrogen sensor development.
EWP has also been implementing a project to build a hydrogen production center to ramp up the competitiveness of the water electrolysis industry in cooperation with the Gangwon provincial government, Donghae City and Daewoo E&C.
EWP Honored with Presidential Award for Promoting Shared Growth between Large, Small Firms
Korea East-West Power (EWP) received the presidential award for its efforts in promoting shared growth among large- and small-sized companies at a ceremony to celebrate the “2024 Shared Growth Week” at the KBIZ building in Yeouido, Seoul, on Nov. 26.
The Ministry of SMEs and Startups (MSS) has designated the “Shared Growth Week” in November every year since 2004 in order to build a public consensus on the significance of shared growth among large-s and small-sized companies, selected and awarded excellent companies and individuals who have contributed to promoting shared growth.
EWP has been recognized for striving to provide systematic support, such as strengthening business transition capabilities, to cope with the energy transition, invigorating renewable and new startups, and strengthening of global competitiveness and joint overseas market entry and expanding of SME technology market and public procurement results in order to promote co-prosperity and cooperation with SMEs in the future energy ecosystem.
In particular, in April, EWP was rated the “best grade,” the highest in the 2023 Shared Growth Evaluation.
In April, EWP’s project to support the strengthening of SME capabilities and SME business transition to address energy transition was designated as a best practice at the “Win-Win Honors for the first Half of 2024.”
The power company was held in the highest regard for striving to strengthen future capabilities of SMEs facing a danger in an era of carbon neutrality.
EWP President Tours Insan Power Complex and Renewable Center
President Kwon Myung-ho of Korea East-West Power (EWP) visited the Ilsan Power Complex and Renewal Center on Nov. 19 and Nov. 20 to call for overall innovation for energy transition.
President Kwon looked around the construction site of the Ilsan Power Complex on Nov. 19, in which a project to modernize a combined heat and power plant is under way.
He inspected the construction site and its implementation schedule for the advancing of groundbreaking.
He asked for officials to do their best to promote communication with neighborhood residents and shared growth with regional residents’ associations by conducting regional social contribution activities.
The Ilsan Power Complex obtained a go-ahead to implement a project to modernize the existing heat and power generation plant.
A basic construction plan is to be established in 2025, and dedication is slated for February 2027.
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