KEPCO - KOREA
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FREE AS A BIRD - It is happening. Wind energy is providing bucket loads of power that will be more useful with the kind of load leveling that battery and green hydrogen storage can provide, to make better use of all that captured natural muscle. Windmills and sails had been working for mankind for hundreds of years before the discovery of electricity. These graceful machines can be located in isolated areas where winds are strong and reliable. Making allowance for storms, doldrums, and power blackouts, by design.
Korea Electric Power Corporation (KEPCO) witnessed a 1.4% year-on-year revenue growth to $53.5bn in 2018. The company’s power sales volume increased to 530TWh, compared with 507TWh in 2017.
With a total generation capacity of 81.15GW, KEPCO’s power generation business accounted for 68.1% of the Korean power market in 2018, while its transmission and distribution business accounted for 100% market share in the Korean power market.
KEPCO’s power generation business is operated through six of its wholly owned subsidiaries namely KHNP, KOEN, KOMIPO, WP, KOSPO, and EWP. The other subsidiaries involved in plant maintenance and engineering service include KEPCO E&C and KEPCO KPS.
But in 2022, they still have no solution to power cuts and blackouts, causing major disruption in the modern age of electricity - putting the lives of young, vulnerable and infirm at risk. Also raising the question of this company failing to meet Paris climate objectives aimed at Net Zero - where reliability is a key factor in reaching United Nations' Sustainability Development Goals. Especially SDG7 clean, affordable energy for all, and SDG17, partnerships, such as with automotive OEMs, where the supply of energy for transport is their responsibility, as much as motor manufacturers have a duty to provide zero emission vehicles (ZEVs) - meaning electrics, as a solution that has finally come of age. But where is the infrastructure to make this happen?
Power companies and automotive OEMs need to work together urgently, if they are going to stand any chance of catering for EVs by 2050. They have no chance at all at present levels of cooperation and forward planning - of meeting the targets set for 2030 by policy makers. They are far too comfortable, knowing they can give politicians the run around with manifold excuses from spin doctors - who are employed by climate deniers - to keep burning carcinogenic coal, diesel and petrol.
In the process, they are making their countries vulnerable to suppliers of energy who have grown wealthy enough from fossil fuel exports, to wage war in 2022.
According to Power-Technology.com, a website that provides market and customer insights in this sector, they listed these power companies (according to the 2018 Forbes calculation of net market capitalization, assets, sales and profit) as some of the biggest utilities:
National Energy Board (Canada)
National Grid plc (formerly Central Electricity Generating Board UK)
FROM SPACE EXPLORATION TO ZERO EMISSIONS - Developed to power satellites and spacecraft, the silicon solar panel is now a cost effective way of generating clean electricity. Ideal sites for the location of solar farms is land that cannot be used for farming, such as the deserts we have created.
ENERGY GENERATING-DISTRIBUTION UTILITIES ARCHIVE 2015
EUROPEAN AUTO MANUFACTURERS:
MAKES OF ELECTRIC TRUCKS
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