CHEONAN, Jan. 7 (Korea Bizwire) — South Korean public institute has developed new technology that can preemptively prevent massive fires by sensing and cooling the electric arc that can be generated at large-capacity energy storage systems (ESS). The Korea Institute of Industrial Technology announced on Wednesday that it had developed a new system that can [...]
SEOUL, Feb. 6 (Korea Bizwire) — An expert panel said Thursday malfunctions in batteries are mainly to blame for a recent series of fires in energy storage systems (ESS). An investigation panel of experts concluded after a four-month probe that faulty batteries rising to abnormally high temperatures were mostly responsible for the five fires that [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automotive group, said Monday it plans to enter the renewable energy market along with local solar energy firm OCI Co. Under the memorandum of understanding (MOU), Hyundai Motor will install energy storage systems (ESS) at OCI’s solar power stations in South Korea and [...]
SEOUL, May 16 (Korea Bizwire) — Samsung SDI Co. said Thursday it launched high-capacity energy storage systems (ESS) to expand its presence in the global market amid weak domestic demand over safety issues. The battery-making unit of Samsung Electronics Co. said it showcased its latest ESS technologies at ees Europe 2019, the world’s largest ESS [...]
SEOUL, Dec. 13 (Korea Bizwire) — A simple method to allow for the sale of electricity stored in electric car batteries is coming to South Korea. The Ministry of Trade, Industry and Energy announced on December 12 that it had completed a revision enforcement decree to electric utility legislation and was introducing the so-called ‘Small-scale [...]
SEOUL, Nov. 28 (Korea Bizwire) — Used batteries from electric buses operating in Seoul’s Mt. Nam area will be recycled into Energy Storage Systems (ESS) for the Seoul Energy Dream Center. ESS are used to store large amounts of energy for future use. The Seoul Metropolitan Government will hold a dedication ceremony for a hybrid [...]
SEOUL, Jul. 18 (Korea Bizwire) – The use of energy storage systems (ESS) to better manage energy increased significantly in the first half of the year, according to the Ministry of Trade, Industry and Energy (MOTIE). The use of ESS, which store energy during hours when much electricity supply exceeds demand, increased 20-fold compared to [...]
SEJONG, April 22 (Korea Bizwire) – South Korea will invest over 1.8 trillion won (US$1.66 billion) this year to help boost the clean and renewable energy sector with the related market expected to be worth some 4.6 trillion won by 2017, the government said Wednesday. Under the new measures, approved at an economic ministers’ meeting Wednesday, [...]