JEJU, Jan. 13 (Korea Bizwire) – The provincial government of Jeju Island said Thursday it will establish energy storage systems (ESS) at three sites on the island on a gradual basis by 2026 as part of efforts to ensure the stable storage and supply of renewable energy power. The three ESS will have a combined [...]
SEOUL, Dec. 28 (Korea Bizwire) — LG Electronics Inc. on Tuesday held a completion ceremony for a peak shaving energy storage system (ESS) at its home appliances factory LG Smart Park in Changwon, South Gyeongsang Province. The system is designed to contribute to lowering the burden of electricity charges as well as to reducing greenhouse [...]
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 [...]
SEOUL, Feb. 17 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Thursday it has acquired a U.S.-based energy storage system (ESS) solutions provider as part of efforts to expand its portfolio into all-round energy management services LGES took over a 100 percent stake in NEC Energy Solutions Inc. from NEC Corp., its Japanese parent [...]
SEOUL, Dec. 1 (Korea Bizwire) — LG Electronics Inc. said Tuesday it had built the nation’s largest single-site peak shaving energy storage system (ESS) at KG Dongbu Steel’s plant in Dangjin, 123 kilometers south of Seoul. A peak shaving ESS stores electricity in a battery during off-peak hours at night when electricity use and prices [...]
SEOUL, Nov. 30 (Korea Bizwire) — SK On, the new battery spinoff of SK Innovation Co., has launched a pilot project to churn out eco-friendly energy storage system (ESS) using the batteries collected from scrapped electric vehicle batteries. The company said Monday that it had signed a business agreement with the state-run Korea Electrical Safety [...]
SEOUL, Nov. 11 (Korea Bizwire) — Hanwha Q Cells, the solar solutions unit of South Korean conglomerate Hanwha Group, said Thursday it is developing an energy storage system (ESS) facility in the U.S. state of Texas, expanding its foothold in the American renewable energy market. The Sputnik ESS facility, to be located in Hunt county, [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korean automaker Hyundai Motor Group said Wednesday it will partner with solar firm OCI Solar Power and U.S.-based utility firm CPS Energy to recycle used electric vehicle batteries in the energy storage system (ESS). Hyundai Motor, the U.S. subsidiary of Korean solar firm OCI and CPS Energy signed [...]
SEOUL, Sept. 10 (Korea Bizwire) — SK E&S Co., a leading South Korean gas provider, is making forays into the energy solution market for storage and resale of excess electricity. The company announced on Thursday that it had secured management rights for Key Capture Energy LLC (KCE), a U.S.-based grid solution provider, by acquiring a [...]
SEOUL, June 25 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) will develop an energy storage system (ESS) for ships in cooperation with a group comprising a local company and research institutes, the shipbuilder said Friday. Within the next three years, the group plans to develop a lithium battery-based ESS that will be [...]