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		<title>GW &#8211; Official POSCO Group Newsroom</title>
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            <title>GW &#8211; Official POSCO Group Newsroom</title>
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				<title>Solar Energy Development is the Key to the Future of Energy</title>
				<link>https://newsroom.posco.com/en/solar-energy-development-key-future-energy/</link>
				<pubDate>Wed, 10 Aug 2016 14:04:25 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
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									<description><![CDATA[Bioenergy, Not a Choice The whole world is going through a severe climate change, even breaking the highest temperature record in history. The concentration of]]></description>
																<content:encoded><![CDATA[<p><strong>Bioenergy, Not a Choice</strong></p>
<p>The whole world is going through a severe climate change, even breaking the highest temperature record in history. The concentration of carbon dioxide measured in Hawaii at a high altitude is now above 407ppm.</p>
<p>The United States Government has announced a supporting policy that highly induces photovoltaic (PV) energy usage among the whole land. The government has set up a goal to have 1 giga-watt per PV amount for low-income houses built with federal government subsidies by 2020. This goal has been increased to 10 times of what the president Obama initially tried to build for ‘The Climate Action Plan’. The reasons that are strongly urging this plan is to decrease the energy levels of low-income households and to increase the number of available jobs.</p>
<p><img class="aligncenter size-full wp-image-9259" src="https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_02-3.jpg" alt="Solar Energy Development is the Key to the Future of Energy" width="1300" height="550" srcset="https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_02-3.jpg 1300w, https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_02-3-800x338.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_02-3-768x325.jpg 768w, https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_02-3-1024x433.jpg 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /></p>
<p>And it’s not just the U.S. The whole world has reached the record of increasing the total amount of bioenergy by 147 GW in 2015. 173 nations have determined the initial goal amounts of bioenergy, and 146 nations are currently executing the terms of the bioenergy supporting policy. The bioenergy is now economically efficient enough to compete with fossil fuel, and Germany has set up goals to have over 50% of total power production to come from bioenergy. The current plan is to increase the PV generating unit by 6~7 GW through replacing old equipment and other steps.</p>
<p>Even though Germany usually has less sunshine than Korea because of its lower latitude, the PV generating unit reaches almost 35% of its total output during sunny weekdays and 50% during weekends. Germany is a sunlight generating country, with a 40 GW PV generating unit and a 1.5 million PV generating unit within its limits, based on records from late 2015.</p>
<p>It is now a trend to make ‘100% bioenergy’-run cities, communities, and companies all over the world. Developed countries are not the only ones trying to strengthen financial support for establishing ‘bioenergy’ supplies, overcome their energy security initiative and current environmental problems; developing countries also are working towards addressing these issues. An interesting point about this trend is the associated time period of inexpensive fossil fuel.</p>
<p>&nbsp;</p>
<p><strong>Reasons for Solar Energy Becoming Popular</strong></p>
<p><img class="aligncenter size-full wp-image-9260" src="https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_03-2.jpg" alt="1300x550_03" width="1300" height="550" srcset="https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_03-2.jpg 1300w, https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_03-2-800x338.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_03-2-768x325.jpg 768w, https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_03-2-1024x433.jpg 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /></p>
<p>The two types of bioenergy that could be applicable for commercial use are wind energy and solar energy. Wind energy should be used in an area with wind speed that is at least 5~6m/sec, and because of noise pollution, wind energy tends to be used in offshore wind parks.</p>
<p>However, since building solar energy outlets is not costly and is able to be installed on any type of land, it is rapidly spreading.</p>
<p>A solar battery that is commonly used is the PN junction, an N-type semiconductor that spreads phosphorus, superimposed on P-type semiconductors with boron added to high-silicon single crystal. When the sun shines on the solar battery, the electron can freely move through its intended opening by the energy that sun possesses. The electron then leans on the surface of the N-type semiconductor and the hole on the P-type semiconductor. Therefore, the voltage differentiation from the upper and lower surfaces of the solar battery creates an electric current. Then, the accumulated current turns into electricity.</p>
<p>The PV generating unit continues to work by generating electricity until the sun shines, so future produced energy will be developed into solar energy, which produces the infinite resource.</p>
<p>There are already more cases regarding 100 kilo-watt electricity sources being produced by installing PV panels on available spaces, such as large parking lots, reclaimed land, or the roofs of factories. For detached houses, 3kW electricity can be produced on the roof, and apartments can produce 250~500W of electricity using the lower space of windows near back porches.</p>
<p>In the future, if Energy Storage System (ESS) and PV-developing districts can be combined, some sources of thermal and nuclear power could be replaced because a new stable electric power supply will be available without a constant amount of sunlight generation.</p>
<p>&nbsp;</p>
<p><strong>Outstanding Steel Technology Needed for Creation of Sunlight Generating Unit</strong></p>
<div id="attachment_9261" style="width: 1310px" class="wp-caption aligncenter"><img class="size-full wp-image-9261" src="https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_04.jpg" alt="Solar Energy Development is the Key to the Future of Energy" width="1300" height="550" srcset="https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_04.jpg 1300w, https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_04-800x338.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_04-768x325.jpg 768w, https://newsroom.posco.com/en/wp-content/uploads/2016/08/1300x550_04-1024x433.jpg 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /><p class="wp-caption-text">Boryung Dam Water Solar Power Plants constructed from PosMAC, a corrosion-resistant alloy from POSCO.</p></div>
<p>The life of PV generating units that produce solar energy is around 25~30 years. Therefore, the durability of the equipment is very important. The costs of PV generating units can be divided between solar modules, solar inverters, unit structures and construction. The solar module and inverter makes up 50% of the cost, and the construction fee makes up for the remaining 50%.</p>
<p>The most important part of solar modules is their effectiveness. A module produced from high-silicon single crystal should be selected, and the rated output within 12 years will be 90%, while the rated output within 25 years will be 80%. The construction should be able to withstand the load and stress from severe natural disasters, including rapid temperature change or storms, and should not deteriorate or corrode even with long-time exposure to the sun.</p>
<p>The strongest construction of solar power plants uses weatherproof and corrosion-resistant surface preparation steel sheets. POSCO, especially, is lowering the cost of construction by developing various steel machinery and fixtures to create PV panels more easily. Solar generating units can build their competitiveness as a future energy source with the support of outstanding steel technology.</p>
<p style="text-align: right;"><strong>Written by science technology columnist Dr. Junjeong Lee</strong></p>
<p>&nbsp;</p>
<p><em>The opinions expressed in this POSCO Report piece are the author&#8217;s own and do not necessarily reflect the views of POSCO.</em></p>
<p>&nbsp;</p>
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				<title>PosMAC Seminar Promotes POSCO’s World Premium Products in India</title>
				<link>https://newsroom.posco.com/en/posmac-seminar-promotes-poscos-world-premium-products-india/</link>
				<pubDate>Thu, 17 Mar 2016 14:26:08 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
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									<description><![CDATA[POSCO’s Hot Rolled and Construction Steel Material Marketing Department, in conjunction with POSCO-INDIA(President, Mr.Gee-Woong Sung) and POSCO-IDPC,]]></description>
																<content:encoded><![CDATA[<p><img class="alignleft wp-image-8224 size-full" src="https://newsroom.posco.com/en//wp-content/uploads/2016/03/watermark_14.jpg" alt="POSCO_PosMAC Seminar" width="450" height="300" />POSCO’s Hot Rolled and Construction Steel Material Marketing Department, in conjunction with POSCO-INDIA(President, Mr.Gee-Woong Sung) and POSCO-IDPC, conducted a technical seminar for its clients at the Westin Hotel in Gurgaon, India on March 9, 2016. It was the first seminar in which POSCO introduced its World Premium product PosMAC (POSCO Magnesium Aluminum Coated Steel) to the world.</p>
<p>The purpose of the seminar was to introduce PosMAC steel and explain its benefits to existing and potential clients in the Indian market. A total of 70 participants including clients, traders and interested government officials, among others, were in attendance.</p>
<p>A detailed presentation on PosMAC was given by the POSCO Product Application Center’s Dr. Tae Hyu Ha. Stressing the importance and versatility of PosMAC as a premium steel, Ha explained the distinct advantages of PosMAC compared to other types of steel.</p>
<p><img class="alignright size-full wp-image-8225" src="https://newsroom.posco.com/en//wp-content/uploads/2016/03/watermark_24.jpg" alt="PosMAC Seminar" width="450" height="300" />Despite its thinner coatings, PosMAC was described as five to ten times more corrosion-resistant than competing products, boasting superior chemical properties. PosMAC’s high performance under corrosive conditions, such as alkaline, humid and high-salt environments, was emphasized in a discussion on its application in large-scale projects.</p>
<p>Afterwards, attendees inquired about the product characteristics, practical usage, certification and warranty conditions of PosMAC, which were duly answered by Ha.</p>
<p>The session also provided networking opportunities for POSCO and its potential clients.</p>
<p>Following the seminar, POSCO-INDIA expects a boost in marketing and sales of PosMAC and aims to strengthen the sales of POSCO’s solutions marketing and World Premium (WP) products in India.</p>
<p>In particular, POSCO seeks to make PosMAC a widely used product in the solar power industry. Being supported by the Indian government’s solar energy mission to reach 100 gigawatts (GW) by 2022, the solar industry has a high growth potential.</p>
<p>PosMAC steel is in high demand, not only for its strength and resistance but also for its cost-effectiveness, including its life-cycle cost (LCC) effectiveness.</p>
<p>In addition, the pre-engineered buildings (PEB), pipe and white goods industries are also high growth potential areas for PosMAC. With a strengthening economy and increased focus on infrastructure, the Indian market seems to offer a very bright future for PosMAC steel.</p>
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				<title>POSCO Engineering Signs EPC Agreement for the Construction of Hydroelectric Plant in Indonesia</title>
				<link>https://newsroom.posco.com/en/posco-engineering-signs-epc-agreement-for-the-construction-of-hydroelectric-plant-in-indonesia/</link>
				<pubDate>Wed, 02 Dec 2015 14:34:59 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Press Release]]></category>
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									<description><![CDATA[POSCO Engineering successfully completed signing of an Engineering Procurement Construction (EPC) agreement on the construction of the third hydroelectric]]></description>
																<content:encoded><![CDATA[<p>POSCO Engineering successfully completed signing of an Engineering Procurement Construction (EPC) agreement on the construction of the third hydroelectric power plant in Indonesia solidifying its position as a leading EPC company in hydroelectric power plant construction area. A representative of POSCO Engineering said, “POSCO Engineering signed an EPC agreement with Indonesia’s Binsar Natorang Energy (BNE) December 2 for the construction of Hasang Hydroelectric Power Plant in Indonesia, which is worth 130 billion KRW.” BNE is a foreign corporation which was established in Indonesia by LG International Corp. for the operation and construction of power plants in cooperation with local companies.”<br />
The Hasang Hydroelectric Power Plant project plans to construct a 42-megawatt conduit type hydroelectric power plant in Toba Samosir, located in the northern area of Sumatra Island in Indonesia and POSCO Engineering will conduct the project using an EPC turnkey method, from the blueprints and purchasing to construction. Scheduled to be completed in January 2019, it will provide a maximum of 242 GW of power to Sumatra Island annually.</p>
<div id="attachment_7586" style="width: 680px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en//wp-content/uploads/2015/12/indonesia.jpg"><img class="wp-image-7586 size-full" src="https://newsroom.posco.com/en//wp-content/uploads/2015/12/indonesia.jpg" alt="indonesia" width="670" height="465" /></a><p class="wp-caption-text">Bird’s-eye view of Hasang Hydroelectric Power Plant</p></div>
<p>&nbsp;</p>
<p>In 2011, POSCO Engineering obtained an order for the Wampu Hydroelectric Power Plant, entering Indonesia’s hydroelectric power plant industry as the first Korean construction company that offered EPC turnkey solutions. Winning contracts for the Semangka Hydroelectric Power Plant (55.4 MW) and the Hasang Hydroelectric Power Plant (42 MW) strengthened its position in the Indonesian hydroelectric power plant construction market. Park Jung-hwan, CEO of POSCO Engineering said, “We will successfully complete this project with sufficient technologies and previous experiences gained from the Wampu and Semangka projects. Based on our hydroelectric power plant construction know-how, we seek to enter neighboring countries which have similar geographical characteristics to Indonesia.”</p>
<div id="attachment_7585" style="width: 680px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en//wp-content/uploads/2015/12/indonesia2.jpg"><img class="wp-image-7585 size-full" src="https://newsroom.posco.com/en//wp-content/uploads/2015/12/indonesia2.jpg" alt="indonesia2" width="670" height="489" /></a><p class="wp-caption-text">Location of Hasang Hydroelectric Power Plant</p></div>
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