Kim Dong-kwan, vice chairman of Hanwha Group, unveiled the group’s zero-carbon marine imaginative and prescient on the 2026 Davos Discussion board Annual Assembly, emphasizing the necessity to construct a clear power marine ecosystem with electrical propulsion ships.
Kim disclosed the imaginative and prescient in a contribution to the official web site of the 56th Davos Discussion board Annual Assembly on Jan. 15, proposing the development of an electrical propulsion ship marine ecosystem that may change the paradigm of the worldwide transport business.
In his contribution, Kim identified that the transport business, which has trusted fossil fuels for over 200 years, has begun transitioning to an eco-friendly propulsion system, and argued {that a} revolutionary transformation of ship energy methods is important to reply to this.
He defined, “A steady power storage system (ESS) is crucial for the full-scale growth of electrical ships,” and “accessible battery charging and alternative infrastructure is required, and energy provide methods based mostly on clear power should be established at ports.”
He added, “Delivery decarbonization can’t be achieved with a single expertise or coverage, so cooperation throughout your entire worth chain encompassing shipyards, port officers, power suppliers, and policymakers is vital.”
Kim emphasised Hanwha Group’s eco-friendly ship expertise capabilities and revealed that the group is actively taking part within the decarbonization of the transport business.
He acknowledged, “Hanwha Ocean is pursuing the event of zero-carbon ships utilizing modern applied sciences equivalent to ammonia fuel generators,” and “we’re establishing a basis for ships and ports to evolve along with your entire ecosystem by making use of superior ESS and clear power options to general marine infrastructure.”
He stated, “We’re discussing pilot tasks in cooperation with European port authorities to supply ESS using clear power and ship charging services,” and revealed plans to create new requirements for world marine clear power methods with Hanwha’s expertise capabilities.
Kim repeatedly emphasised the significance of main funding. He acknowledged, “Firms and establishments that proactively apply new applied sciences and enterprise fashions will play a key function in presenting market course,” and “public-private cooperation is an important ingredient for the economic modifications mandatory to achieve web zero.”
Kim first participated within the WEF in 2010, was chosen as a Younger World Chief (YGL) in 2013, and has since participated in periods together with the Financial Engine Reignition session and Low Carbon Economic system session. On the 2024 Davos Discussion board Annual Assembly, he introduced the business’s first zero-carbon propulsion fuel service.
