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Biz News Korea(Eng)
S. Korea’s SK D&D ventures into ESS market
- Collected
- 2017.11.08
- Distributed
- 2017.11.09
- Source
- Go Direct
SK D&D energy storage systems(ESS)
SK D&D said on Tuesday it has installed energy storage facilities at three industrial sites in Korea since July, and it will manage their operation. The company aims to run energy storage systems with a total capacity of 60 megawatt hour (MWh) until the end of this year.
An ESS stores and supplies energy on demand, enhancing overall energy efficiency, and the related is market is rapidly growing on expectations that its demand would grow significantly in the era of the upcoming fourth industrial revolution. An ESS stores and supplies energy on demand, enhancing overall efficiency, and many companies across the globe are jumping in the related market.
SK D&D said it will expand ESS-related business and provide a packaged service, including resources supply, installment, operation, and maintenance, to its customers with an aim to provide them with long-term stable power supply and lower energy bill without excessive burden on large-scale facility investment.
As part of efforts to boost its ESS business, SK D&D signed a memorandum of understanding with leading smart grid networking company Gridwiz early this month to promote joint projects. The company plans to expand its ESS capacity to 600 MWh eventually.
By Kang Doo-soon and Lee Eun-joo
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]