KEXIM, US DOE to support S.Korean green energy firms

The Export-Import Bank of Korea (KEXIM) said on Mar. 7 that it will support domestic firms that aim to enter the American green energy industry with the US Department of Energy (DOE).

Yoon Hee-Sung, Chairman & CEO of KEXIM, and Jigar Shah, the Director of the Loan Programs Office in DOE signed a memorandum of understanding (MOU) on Thursday in Washington D.C., the US.

This is the first time that KEXIM has partnered with the US government department.

To achieve 2050 carbon neutrality goals, both sides will collaborate on secondary batteries, critical materials, new and renewable energy, electric vehicles (EVs), hydrogen, and bioenergy. 

The collaboration focuses on areas like second-generation batteries, electric vehicles, critical minerals, renewables, hydrogen, and bioenergy, aiming to support 2050 carbon neutrality goals.

According to KEXIM, a working group will be established to facilitate information exchange and explore new projects.

The entities also plan to jointly financial support to South Korean companies entering the US green energy market.

Write to Hanjong Choi at onebell@hankyung.com