Gwangyang Economic Zone Authority Gathers Energy Sector Investment Experts

Published 21 Apr.2023 17:18(KST)

Energy Sector Metropolitan Area Expert Group Meeting Held

The Gwangyang Bay Area Free Economic Zone Authority (Commissioner Song Sang-rak, hereinafter referred to as Gwangyang Economic Authority) announced on the 21st that it held the ‘2023 Metropolitan Area Expert Group Meeting’ at Hotel Peyto Gangnam in Seoul to share industrial policy trends and industry information in the energy sector and discuss investment attraction measures.

Eight experts in secondary batteries, renewable energy, power systems, and electrical and electronic fields participated in this meeting. First, they listened to keynote speeches on ‘Next-generation Battery Material Development Technology Trends’ and ‘Secondary Battery Industry Trends and Innovation Strategies’ in the secondary battery sector and held discussions.

[Photo by Gwangyang Economic Promotion Agency]

Subsequently, by specialized fields, they introduced the secondary battery industry value chain and industrial ecosystem, material and solid-state battery development, technical issues, future prospects of K-battery due to supply chain restructuring, recycling of waste batteries, and new industry promotion in the energy sector.

They also broadly discussed the current status of the renewable energy industry, global energy paradigm shifts, strategies for attracting renewable energy companies, carbon neutrality and domestic energy policies, the status of renewable energy, and RE100.

Following this, they explored investment attraction measures for related companies in connection with the detailed guidelines of the U.S. Inflation Reduction Act (IRA), and held an open discussion on response measures to additional detailed guidelines, potential company discovery, and investment attraction plans in line with supply chain restructuring prospects.

Song Sang-rak, Commissioner of the Gwangyang Economic Authority, said, “With the market expansion of secondary batteries and renewable energy, we will continue efforts to discover new growth industries related to these fields in the Gwangyang Bay Area and strengthen corporate attraction to continuously expand new jobs and port cargo volume.”