Hanwha Energy CEO Jung In-sub (R) shakes hands with Irish Prime Minister Micheal Martin during the sod-turning ceremony for Hanwha’s new electricity grid stability plant to be built in Offaly, in this photo provided by Hanwha Energy on Sept. 7, 2022.
SEOUL, Sept. 7 (Korea Bizwire) — Hanwha Energy Corp., a South Korean power generation solutions provider, said Wednesday it is building an electricity grid stability plant in Ireland in a move that will give a further boost to its renewable energy and power systems portfolio.
The 170 billion-won (US$122.5 million) project commits Hanwha to provide EirGrid Plc., the state-owned electric power transmission operator in Ireland, with a 160-megawatt-hour power stability system equipped with Hanwha’s energy storage system (ESS) and an electrical network known as the synchronous condenser.
A synchronous condenser is designed to help maintain the voltage during both normal and transient operations, by controlling the power capacity for stability and in the event of disturbances.
The groundbreaking ceremony took place Tuesday (local time) in Offaly, a county in Ireland, attended by some 50 related officials from the two countries, including Irish Prime Minister Micheal Martin.
Hanwha Energy plans to start commercial operation of the plant starting October 2024.
Hanwha Energy, a unit of South Korea’s Hanwha Group, currently operates two 60 MWh ESS plants in Ireland.
(Yonhap)
