Feb 28, 2019

SK Innovation to build $859mn EV battery plant in Hungary

Andrew Woods
2 min
CSO reports on new Hungarian EV battery plant
South Korean petroleum refining company SK Innovation announced today an investment of US$859mn in the construction of an electric vehicle (E...

South Korean petroleum refining company SK Innovation announced today an investment of US$859mn in the construction of an electric vehicle (EV) battery plant in Komárom, Hungary. The facility, which the Budapest Business Journal reports will cover 112,000 square meters, will be the company’s second in the country.

In 2018, SK Innovation began construction of the first plant, which cost approximately $350mn. The original facility, also located in Komárom, has a capacity of 7.5GW per hour. Upon its completion in 2021, SK Innovation’s total global capacity is expected to include the No.1 Komarom plant (7.5GWh per year) and the new No.2 Komarom plant in Hungary, Changzhou plant in China (7.5GWh per year), Georgia plant in the U.S. (9.8GWh per year), in addition to the Seosan plant in Korea (4.7GWh per year).

The decision is part of SK Innovation’s initiative to strengthen its operations and presence in the European region. "SK Innovation will be able to strengthen the position of our battery business in the European market by deciding to build a new plant as an expansion of our first plant in Europe," Kim Jun, CEO of SK Innovation, said. "SK Innovation will become one of the best global EV battery producers by 2022 and raise the value of our company by obtaining production capacity to utilize our technological process."

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Last year, SK Innovations won a lucrative contract with Volkswagen AG and Daimler AG to supply the German car manufacturers with batteries for their electric vehicle offerings in the United States and Europe, according to a Bloomberg report. By 2020, according to Reuters, Volkswagen will offer a range of 25 electrified vehicles, with 12 of those being fully electric.

At CES 2019, Jun said: “We’re confident we can become a global leader.”

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May 13, 2021

All but two UK regions failing on school energy efficiency

schools
energyefficiency
Renewables
Dominic Ellis
2 min
Yorkshire & the Humber and the North East are the only UK regions where schools have collectively reduced how much they spend on energy per pupil

Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.

Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.

According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.

Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.

“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."

He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."

North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).

The Department for Education has issued 13 tips for reducing energy and water use in schools.

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