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South Korean Government Eyes Energy Storage Systems

South Korean Government Eyes Energy Storage Systems

SEOUL, July 6 (Korea Bizwire) – The South Korean Government is supporting investment in energy storage systems (ESS), with plans to double the supply this year amid growing concerns over a possible shortage of electric power caused by the temporary shutdown of aging nuclear power plants in the country. According to data released by the Ministry [...]

Large Establishments to Sell Surplus Electric Power back to Electric Utility

Large Establishments to Sell Surplus Electric Power back to Electric Utility

SEOUL, Nov. 4 (Korea Bizwire) – From now on, public establishments such as factories, large retail stores, commercial buildings, and public baths will be able to sell surplus electricity to an open market. The Ministry of Trade, Industry and Energy said on November 3 that it has approved a revised rule on electricity market operations. According to [...]