South Korea and the United States plan to soon begin joint development of a new energy storage system to boost their energy cooperation, the South Korean government said on Monday.
The joint project, first proposed by the U.S., seeks to develop a system that uses electricity when it is cheapest, usually overnight, to compress air and later use the compressed air to operate turbines and generate electricity, according to the Ministry of Trade, Industry and Energy.
"Such a project is expected to be launched in the second half of the year following months of joint research," it said in a press release.
The two sides planned to further discuss the issue at the seventh meeting of a working group on energy cooperation in Seoul later in the day.
The countries will also hold discussions on projects to test fuel cell vehicles in the U.S. and set up a test bed for smart grid systems.
To further boost energy cooperation, the two sides will also discuss the development of gas hydrates, shale gas and carbon capture, the ministry said.
Source: Global Post
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