As of March 2025, Seoul''s metropolitan government has rolled out revolutionary subsidies for energy storage systems (ESS), positioning itself as Asia''s laboratory for urban sustainability.
Seoul residents will be able to buy Hyundai Motor''s hydrogen-powered SUV Nexo at half the price, as the city government plans to offer a 32.5 million won ($24,000) subsidy as
The government will raise its subsidy for hydrogen fuel-cell buses from 3,600 won ($2.51) per kilogram of fuel to 5,000 won starting next month as part of efforts to boost the use
As Seoul aims for carbon neutrality by 2050, energy storage isn''t just about backup power - it''s becoming the city''s economic lifeblood. Whether you''re running a PC bang or a
The initiative includes subsidies for hydrogen car purchases, tax reductions, as well as an expansion of hydrogen charging stations.
South Korea''s battery makers, including LG Energy Solution and SK On, have been squeezed by waning EV subsidies and shifting demand, prompting a strategic pivot
In addition to a subsidy of 2,950 million won for the purchase of hydrogen vehicles, various benefits are provided, such as tax reductions (up to 660 million won), discounts on
By Ko Dong-hwan The Seoul Metropolitan Government has started accepting applicants for a subsidyfor installing building-integrated photovoltaic (BIPVs) panels - a type of solar panel the
The notice outlines subsidy policies for new energy storage, including the following: Independent energy storage capacity will receive a capacity compensation of 0.2 CNY/kWh discharged,
The initiative includes subsidies for hydrogen car purchases, tax reductions, as well as an expansion of hydrogen charging stations. Eligible for the subsidy is the mid-size
South Korea''s battery makers, including LG Energy Solution and SK On, have been squeezed by waning EV subsidies and shifting
As Seoul aims for carbon neutrality by 2050, energy storage isn''t just about backup power - it''s becoming the city''s economic lifeblood. Whether you''re running a PC bang or a
Background. The Long Duration Energy Storage (LDES) program has been allocated over $270 million to invest in demonstration and deployment of non-lithium-ion long duration energy
Seoul residents will be able to buy Hyundai Motor''s hydrogen-powered SUV Nexo at half the price, as the city government plans to offer
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