Korea Zinc backs storage developer Energy Vault in green push
The company agreed to invest $50 million to help decarbonise operations at its zinc refinery in Australia.
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The company agreed to invest $50 million to help decarbonise operations at its zinc refinery in Australia.
Korea Zinc is the latest major company to back Swiss-based Energy Vault, following SoftBank Group Corp, Saudi Aramco and global miner BHP Group.
Korea Zinc buys wind and solar developer Epuron, delivering a wind and solar portfolio of up to 9GW for its green metals and hydrogen ambitions.
The world’s largest producer of zinc, lead and silver has bought a huge pipeline of wind and solar development projects in Australia, underscoring its ambitions to establish green hydrogen exports to South Korea.
Another vital piece in the State Government’s support for powering the North West Minerals Province and shoring up the dynamic region’s long-term