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 [...]
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 [...]