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 [...]
SEOUL, Nov. 24 (Korea Bizwire) - LG Chem Co., South Korea’s top chemicals and battery maker, said Tuesday that it has signed a deal to provide an energy storage system (ESS) for a local wind power generation complex in the country. Under the deal with private power generator GS E&R, LG Chem will supply the system [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s LG Chem and Samsung SDI have outpaced global rivals in terms of strategy and execution in the energy storage system (ESS) battery industry, a report showed Monday. LG Chem led the corporate assessment in the ESS segment with a total score of 84, trailed by Samsung SDI with 83.5, [...]
SEOUL, Sep. 18 (Korea Bizwire) – Korean-made energy storage system (ESS) has been installed in a substation in northern Germany. Samsung SDI said on September 17 that Wemag AG, a northern German utility, held on the 16th a completion ceremony for its battery park at a substation in Schwerin, in the state of Mecklenburg-Vorpommern, with dignitaries including [...]
SEOUL, July 19 (Korea Bizwire) – KT will advance into the “smart” energy market by transforming its 400 branch offices and data centers into advanced energy centers, which, according to KT’s plan, will offer EV (electric vehicle) charging services, recycle wasted heat gathered from data centers, provide integrated ESS-EMS service and manage electric demand intelligently. The [...]