South Korea and the U.S. discuss collaboration on next-generation batteries
discuss
collaboration opportunities in the next-generation battery sector
South Korea
and the U.S. discuss collaboration on next-generation batteries
On January 18,
the Ministry of Trade, Industry, and Energy met with a delegation of business
leaders, including Derek Johnson, Chief Operating Officer of Solid Power, to
discuss collaboration opportunities in the next-generation battery sector.
Solid Power, a leading U.S. company in the field of solid-state batteries, has
recently signed memoranda of understanding (MOUs) with various Korean private
companies and public research institutes, including SK On, the Korea
Electronics Technology Institute (KETI), and the Korea Evaluation Institute of
Industrial Technology (KEIT). This indicates an expansion of collaboration
through joint research and development (R&D).
The Ministry of
Trade, Industry, and Energy plans to support the development of advanced
battery technologies, including solid-state batteries, through a project that
passed a preliminary feasibility study in November 2023. The ministry is set to
provide funding of 117.2 billion won until 2028 for the development of
next-generation battery technologies.
Deputy Minister
Yang Byung-nae discussed Solid Power's technology and explored collaboration
progress. He also presented South Korea's support policies for foreign
investment in advanced industries and encouraged consideration for investment
in Korea's leading secondary battery sector.
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