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Renewable energy

Hyundai Steel Partners with Hanwha Solutions and Others to Develop Next-Generation Solar Modules

Strategic Insights

— 1 min read

As part of its commitment to addressing the increasing demand for renewable energy, Hyundai Steel has partnered with Hanwha Solutions, Korea University, and other companies to develop next-generation solar modules based on steel materials. The partnership aims to create high-efficiency Building Integrated Photovoltaic (BIPV) modules that can minimize energy consumption and utilize renewable energy, in line with the mandatory Zero Energy Building (ZEB) policy. The joint development of BIPV modules will leverage the strengths of steel materials, such as durability and thermal conductivity, to improve power generation efficiency.

Key Takeaways:

  • Hyundai Steel has partnered with Hanwha Solutions, Korea University, Lotte Engineering & Construction, Samhwa Paint, Epscore, and other companies to develop next-generation BIPV modules based on steel materials.
  • The partnership aims to create high-efficiency BIPV modules that can minimize energy consumption and utilize renewable energy, in line with the mandatory Zero Energy Building (ZEB) policy.
  • Hyundai Steel plans to develop BIPV modules based on steel materials and secure technology for organically linking them with building systems.
  • The joint development of BIPV modules will maximize the strengths of steel, including durability and thermal conductivity.
  • Hyundai Steel will work with Samhwa Paint on material development, while Epscore will serve as the central axis of product development.
  • Korea University will provide academic verification and technical advice to enhance the project's credibility.
  • The partnership is expected to have a positive impact on the future commercialization of BIPV technology and its entry into the global market.

Statistics:

  • Hyundai Steel plans to develop high-efficiency BIPV modules based on steel materials.
  • The joint development of BIPV modules aims to minimize energy consumption and utilize renewable energy, in line with the mandatory Zero Energy Building (ZEB) policy.
  • 1,000 square meters or more is the minimum floor area for public buildings to be required to meet ZEB standards starting in 2020.
  • The scope of ZEB implementation will be expanded to include private buildings starting in 2025.
  • All buildings are expected to meet ZEB standards by 2050.

Sources:

  • Hyundai Motor Group
  • Ministry of Land, Infrastructure and Transport
  • Korea University
  • Hanwha Solutions
  • Lotte Engineering & Construction
  • Samhwa Paint
  • Epscore

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