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Yoon Suk Yeol

Climate love

South Korea Emerges As Key Partner for America’s Energy Transition

The US Department of Energy has approved a $9.2 billion loan for BlueOval SK LLC (BOSK), a joint venture between Ford and South Korean battery manufacturer SK On, to construct three manufacturing plants in Tennessee and Kentucky. These facilities, once operational, have the potential to displace 455 million gallons of gasoline annually, aligning with the US's push for low-carbon transportation and strengthening its domestic clean energy supply chain. This loan, the largest government investment in the auto industry since the 2009 recession, highlights the Biden administration's commitment to clean energy. South Korea is emerging as a crucial partner in this endeavor, with over a third of announced investments, totaling more than $22 billion, directed toward prominent South Korean companies in battery manufacturing and renewable energy. However, despite its technological prowess, South Korea faces challenges in its own clean energy transition due to a monopolistic energy structure and limited support for renewables, resulting in slower growth in renewable energy generation compared to the US. Industry stakeholders in South Korea are advocating for greater incentives and a more equitable playing field for all energy developers and companies to align with global clean energy trends.

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  • We Don't Have Time

    40 w

    Dear George Kariuki Your climate love has received over 50 agrees! We have reached out to Yoon Suk Yeol by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

    • Ajema Lydiah

      41 w

      Together,they can achieve climate goals

      • Elizabeth Gathigia

        41 w

        Great collaboration, such fundings are needed in order to help transitioning to clean energies

        • johnte ndeto

          41 w

          such funding and partnership will definitely improve the entire approach towards saving our climate change

          • Kevin

            41 w

            Incredible partnerships

            • Hilda Wangui

              41 w

              Such partnerships are required to boost transition in clean energy

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