SEOUL, May 11 (Korea Bizwire) — South Korean builder SK ecoplant Co. and battery maker SK On Co. said Tuesday they have established the nation’s first energy storage system (ESS) power supply facility at a construction site.
The facility is located at an apartment construction site in Anyang, Gyeonggi Province. The two companies plan to carry out the demonstration of the facility for two years through a joint operation.
Of special note, this project established an ESS made of used batteries on a trial basis after garnering a regulatory exemption from the Ministry of Trade, Industry and Energy.
SK On plans to develop safety standards for the use of used batteries through various operations and verifications of this project aimed at promoting actual commercialization.
“The brand-new ESS power supply facility enables the storage of the external remaining power late at night and the use of the stored power for operation of equipment at the peak time between 2 p.m. and 4 p.m.,” SK ecoplant said.
“Moreover, it would contribute to reducing carbon emissions by addressing the environmental issues caused by the waste batteries from electric vehicles.”
SK ecoplant also disclosed that it had acquired a 70 percent stake in the waste disposal company JA Green for 192.5 billion won (US$150 million).
J. S. Shin (email@example.com)