Recent Outcomes and Future Strategy of Koreas Green

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Recent Outcomes and Future Strategy of Korea’s Green Energy Technology October, 2012 Dr. Seung-Young

Recent Outcomes and Future Strategy of Korea’s Green Energy Technology October, 2012 Dr. Seung-Young Chung Korea Institute of Energy Technology Evaluation and Planning Leading the way into a Green Future through National Energy Technology Innovation

Table of Contents Introduction of KETEP Status of Green Energy Industry and Policy Outcomes

Table of Contents Introduction of KETEP Status of Green Energy Industry and Policy Outcomes of Energy Technology Development Energy Technology Strategy Roadmap Conclusions

Introduction of KETEP New & Renewable Center Korea Electric Power Corporation Korea Energy Management

Introduction of KETEP New & Renewable Center Korea Electric Power Corporation Korea Energy Management Corporation Established in 2009, KETEP (Korea Institute of Energy Technology Evaluation and Planning) is government funding agency under Ministry of Knowledge Economy Budget / Employee (as of 2012) : $800 M / 170 staff Mission 1 Mission 2 Strategy 2 Mission 3 Strategy 3 Mission 4 Strategy 4 R&D Planning Project. Evaluation and Management International Cooperation Human Resource Development • Technology Roadmap • Policy Research • Energy Efficiency • Renewable Energy • Electricity • Nuclear / Radioactive waste • Intl’ Cooperation R&D Program • Supporting energy study curriculum • Professional Training Program • Scholarship 2

Status of Green Energy Industry and Policy

Status of Green Energy Industry and Policy

Status of Global Green Energy Industry continues to grow Estimated Market Size of Clean

Status of Global Green Energy Industry continues to grow Estimated Market Size of Clean Energy was 179 bn EUR in 2010 - Wind power, Photovoltaics, and Biomass account for most part of it and the market size is expected to grow at an annual rate of 10~15% by 2015 Green Technology Competitiveness of Korea was ranked 9 th in 2010 Investment by sector Biomass 22% Wind Other 33% PV Market outlook 24% (billion Euro) 290~360 170 Wind PV Solar 50 45 31 Biomass 28 104 40 11 '08 '10 2008 2010 2015 Clean energy technology ranking Absolute global Clean Energy Technology value added Ranking 2010 2008 1 (4) 2 (2) 3 (1) 4 (3) 5 (6) 6 (5) 7 (7) 8 (8) 9 (10) 10 (11) 11 (9) 12 (17) 13 (12) 14 (13) 15 (16) = = (Source : Ronland Berger Strategy Consultants, 2011) China United States Germany Japan Brazil Denmark Spain France South Korea India United Kingdom Italy Netherlands Belgium Taiwan 0 (billion Euro) 15 30 45 4

Status of Korean Energy Technology Policy and Industry Strategy and support to boost green

Status of Korean Energy Technology Policy and Industry Strategy and support to boost green energy industry Strategies Green energy industry development strategy('08) Goals By 2030, achieve 18% global market share for 15 green energy technologies Renewable energy industry development strategy ('10) By 2015, investment 40 trillion won & create 110, 000 new jobs Smart grid roadmap('10) 2 nd National Energy Technology Development Plan ('11) By 2030, develop world’s first smart grid at the national level By 2020, ascending into Global Top 5 in green energy industry Increasing investment aggressively in new technology by private sector Investment by large companies in developing new technology(PV, Energy Storage, etc. ) SMEs developing specialized parts and materials to gain competitiveness Efforts to achieve the National GHG reduction target by the industry Set GHG emissions reduction goals by industries and sectors('11) and an implementing system of management by objectives('12) Strengthen efforts for developing new industry to tackle climate change(emission trading pilot program) 5

Outcomes of Energy Technology Development

Outcomes of Energy Technology Development

Government Investment in Energy Technology R&D Energy technology R&D budget has increased at an

Government Investment in Energy Technology R&D Energy technology R&D budget has increased at an annual average rate of 35. 6% since 1988 Investment in energy technology R&D is expected to grow to realize the National vision of ‘Low carbon and Green growth’ Electric & Nuclear Power Efficiency & Resources New & renewable energy 485 551 607 644 (million USD) 647 Electric & Nuclear Power 35% (1. 69 bn USD) New & Renewable Energy 32% (1. 54 bn USD) 392 Energy Efficiency & Resources 33% (1. 57 bn USD) 2007 2008 2009 2010 2011 2012 1988~2012 7

Recent Outcomes of R&D(I) PV Growth in export industry through successful development of polysilicon

Recent Outcomes of R&D(I) PV Growth in export industry through successful development of polysilicon mass production technology * PV exports: 0. 4 bn USD(2007) ⇒ 5. 3 bn USD(2010) Establishment of Supply Chain for crystalline polysilicon PV systems * Production capacity(2011): polysilicon(49, 200 tons), Ingot&wafer(4. 9 GW), Cell(2. 9 GW), Module(2. 7 GW) Wind Power Development of offshore wind power system and commercialization * Doosan Heavy Industry(3 MW certified), Hyundai Heavy Industry(1. 65 MW production, 2. 5 MW/5 MW development) Exports of key parts and components made by SME's Fuel Cells Development of residential fuel cell system production technology * World best PEMFC catalyst development Demonstration and deployment of fuel cells for vehicles, and power generation * Posco Power(MCFC), Hyundai Motor Company(demonstration programs) 8

Recent Outcomes of R&D(II) Energy Storage The construction of the world largest battery production

Recent Outcomes of R&D(II) Energy Storage The construction of the world largest battery production facility for EVs * LG Chemical supplying batteries to major electric vehicle companies Active participation in major core material industry * anode (Samsung, Hanhwa, Iljin, etc. ), cathode(Posco, GS, etc. ) Development of National plan for CCS technology development and commercialization CCS * establishment of national CCS development plan and foundation of Korea CCS Association 10 MW post-combustion carbon capture technology demonstration project (2010~2014) * Plan for 100 MW+ CCS plant demonstration project after 2015 Development of CO 2 membrane with the world's best performance * Verification of 0. 5 MW pilot plant 9

Recent Outcomes of R&D(III) Winning nuclear power plant construction order in UAE Nuclear Power

Recent Outcomes of R&D(III) Winning nuclear power plant construction order in UAE Nuclear Power * 5. 6 million k. W(4 plants of 1. 4 million k. W, approximately 20 billion USD) Attainment of MMIS localization * more than 350 million USD of import substitution effect expected Continuous localization of core plant design code and nuclear reactor coolant pump(~2012) Smart Grid Building infrastructure for smart grid * Smart grid law enactment Establishment of Jeju smart grid demonstration site * Participation of 12 consortiums(168 companies) including electric^communication^ automobile^home electric appliance companies 10

Energy Technology Strategy Roadmap

Energy Technology Strategy Roadmap

Background Energy technology innovation for Low carbon & Green growth Achieving National target for

Background Energy technology innovation for Low carbon & Green growth Achieving National target for GHG reduction Master Plan for GHG reduction Technical Option RD&D strategy with a GHG reduction scenario Regulations R&D Carbon trade Financial support Tax cut Energy Technology RD&D Strategy Roadmaps Green Energy Strategy Roadmap GHG reduction Resources technology Development Strategy Roadmap Analyzing global trend Growth of green energy industry GHG reduction technology Energy/Resources security Energy Technology RD&D to meet Export and GHG reduction targets 12

Green Energy Strategy Roadmap 2011 Enhancing Korea's competitiveness in global green energy through technology

Green Energy Strategy Roadmap 2011 Enhancing Korea's competitiveness in global green energy through technology innovation Promote exports and new growth in green energy industry Guide private sector in making investment plans for green energy technology 15 key technology fields for green energy (88 strategic Items & 288 core technologies) Supply (9) PV, Wind Power, Fuel Cell, Biofuel, Clean fuel, IGCC, CCS, Clean thermal power generation, Nuclear Power Delivery (2) Smart Grid, Energy Storage Utilization(4) Green Car, High-efficiency new lighting sources, Energy efficient Buildings, Heat Pump 13

GHG Reduction Technology Strategy Roadmap 2011 Achieving the National Greenhouse gas reduction target through

GHG Reduction Technology Strategy Roadmap 2011 Achieving the National Greenhouse gas reduction target through industry oriented energy technology R&D Selecting key technologies with potential for GHG reduction and value-added Develop best available technology and scenario by industry 15 key technology fields for GHG reduction ( 54 strategic Items & 177 core technologies) Process improvement(3) Petrochemical process, High-Efficiency dyeing process, Non-CO 2 processing technology Parts advancement(2) High efficiency home appliance, High efficiency IT device Business model creation(3) Unutilized energy, Co-generation system, Geothermal heat Common equipment(7) Next generation dryers, Combustion machines, Heat exchangers, Fluid machineries, Electric motors, Superconductivity, Energy Materials 14

Resources Development Technology Strategy Roadmap 2011 Enhancing energy security through attaining core technology Developing

Resources Development Technology Strategy Roadmap 2011 Enhancing energy security through attaining core technology Developing technology development strategies for Energy/Resources Security Securing resources essential to green energy industry 8 key technology fields for energy & resources development (26 strategic items & 84 core technologies) Minerals resources(4) Oil & gas(4) Metallic minerals, Non-metallic minerals, Mine resources development Mineral resources exploration, Unconventional oil, Unconventional gas, Conventional oil & gas, Oil & gas exploration 15

Conclusions

Conclusions

Securing sustainable energy technology Climate Change New Growth Engine Acceleration in Technology innovation Diversification

Securing sustainable energy technology Climate Change New Growth Engine Acceleration in Technology innovation Diversification in Energy supply Securing natural resources Revitalization of Green energy technology and industry Greenhouse Gas Reduction National target achievement for GHG reduction by energy efficiency improvement Energy and Resource security Innovative resources development technology 17