Samsung SDI has for years actively moved into Europe, with a number of major supply projects winning with European electric utilities. (image:Samsung SDI)
SEOUL, Sep. 18 (Korea Bizwire) – Korean-made energy storage system (ESS) has been installed in a substation in northern Germany. Samsung SDI said on September 17 that Wemag AG, a northern German utility, held on the 16th a completion ceremony for its battery park at a substation in Schwerin, in the state of Mecklenburg-Vorpommern, with dignitaries including the federal government ministers in attendance.
The batterypark is Europe’s first case of lithium-ion battery-mounted ESS installed on a substation. The recent case is meaningful in that the ESS was installed on a currently operating substation. The ESS can save a significant amount of electric power when it is transmitted to the home, especially when the difference between supply and demand is large.
The market for ESS for use with substations is largest in Germany in the world. The German government is currently paying 30 percent of the ESS installation cost as subsidies.
According to B3, Japanese market research firm, the worldwide ESS market for electric utilities is forecast to grow more than 70 percent a year until 2020, with the segment accounting for about 50 percent of the total ESS market. The ESS market for electric utilities is estimated at $14 billion by 2020.
Samsung SDI has for years actively moved into Europe, with a number of major supply projects winning with European electric utilities. Earlier in April last year, the Korean company supplied 1-MWh energy storage systems to Italy’s Enel, followed in the same month by a deal to supply 10-MWh energy storage systems to Wemag jointly with Younicos AG. In July in the same year, it succeeded in signing a deal with UK Power Networks to supply 10-MWh ESS in partnership with S&C Electric Company.
By Sean Chung (schung10@koreabizwire.com)
