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 [...]
SEOUL, June 17 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Thursday it has completed the supply of its battery system to the world’s largest energy storage system (ESS) that has come online in the United States. LG Energy, a battery unit under LG Chem Ltd., said its lithium-ion batteries are [...]
SEOUL, March 24 (Korea Bizwire) — LG Electronics Inc. said Wednesday it will supply a commercial energy storage system (ESS) in Hawaii as the South Korean tech giant eyes to expand overseas sales of efficient power management solutions. A consortium of South Korean and United States entities, including LG, the University of Hawaii and the [...]
SEOUL, Feb. 7 (Korea Bizwire) — LG Electronics Inc. said Sunday it has set up South Korea’s largest energy storage system (ESS) with local partners as the tech giant eyes to expand its presence in the ESS market. LG Electronics said the ESS was built on Anjwa Island, South Jeolla Province, some 320 kilometers south [...]
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, May 31 (Korea Bizwire) — Hyundai Motor Group, South Korea’s leading carmaker, said Sunday that it has joined hands with local solar cells and modules manufacturer Hanwha Q Cells to develop energy storage system (ESS) with used electric vehicle (EV) batteries. Under the memorandum of understanding, the two sides will cooperate to find a [...]
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, Jan. 23 (Korea Bizwire) — The energy storage system (ESS) industry, once spotlighted as a newly rising industry, is on the verge of a serious slump. The Hyundai Research Institute reported on Wednesday that the prolonged probe into fire accidents caused by ESS devices is slowing down the growth of the ESS market in [...]