South Korea is reliant on coal-fired and nuclear power for much of its power generation, and is among the world’s leading importers of liquefied natural gas. The administration of President Moon Jae-in, who took office in May 2017, has said renewable energy must be supported as the country phases out both coal and nuclear power, even though surveys show a majority of the country’s citizens, more than 60% across all age groups, still approve of thermal power production.
Ceres Power Holdings plc (LON:CWR) is a fuel cell technology and engineering company whose aim is to bring cleaner and cheaper energy to businesses, homes and vehicles. They are working with world-leading partners to embed their SteelCell®technology in mass-market energy products for the commercial, residential and transportation markets.
