The Korea Times close
National
  • Politics
  • Diplomacy
  • Defense
  • Labor & Environment
  • Law & Crime
  • Health & Welfare
  • Embassy
  • Seoul & Provinces
  • Education
  • Foreign Communities
  • Obituaries
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Finance
  • Policies
  • Economy
  • Markets
  • Banks
  • Non-banks
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
Lifestyle
  • Arts
  • Books
  • Travel & Cuisine
  • Trend
  • Fashion
  • Around Town
  • Fortune Telling
Entertainment
  • K-pop
  • K-dramas & Shows
  • Movies
  • Music
  • Performances
  • Asia Model Festival
Sports
  • Football
  • Golf
  • Baseball
  • Other Sports
World
  • Asia Pacific
  • Americas
  • Europe & Africa
  • SCMP
Video
  • On the Spot
  • Feature
  • News
Photos
  • Photo News
  • Darkroom
Community
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Sat, April 17, 2021 | 11:12
IT
LG CNS wins ESS license in Jeju
Posted : 2016-09-08 16:45
Updated : 2016-09-08 18:55
Mail
Print Preview
Font Size Up
Font Size Down
LG CNS Vice President Kim Tae-geuk, left, poses with Jeju Energy Corporation CEO Lee Sung-goo, after signing a contract for a joint energy storage system (ESS) project, at the latter's headquarters on the nation's southern island of Jeju, Wednesday. The partnership will allow the IT service affiliate of LG Group to integrate its ESS with major wind power plants there. / Courtesy of LG CNS
LG CNS Vice President Kim Tae-geuk, left, poses with Jeju Energy Corporation CEO Lee Sung-goo, after signing a contract for a joint energy storage system (ESS) project, at the latter's headquarters on the nation's southern island of Jeju, Wednesday. The partnership will allow the IT service affiliate of LG Group to integrate its ESS with major wind power plants there. / Courtesy of LG CNS

By Lee Min-hyung


LG CNS has won a license to establish its energy storage system (ESS) for wind power output stabilization on the nation's southern island of Jeju.

Under the contract with Jeju Energy Corporation, LG CNS will be in charge of the 27-megawatt-per-hour (MWh) ESS project, according to the company. The system integration affiliate of LG Group plans to finish the project this year, taking on its maintenance for the next 15 years. But the company did not unveil the exact value of the deal.

LG CNS will team up with the group's other affiliates ― including LG Chem and LG Electronics. LG Chem, the world's largest battery manufacturer by volume, will offer its mid- to large-sized batteries, while LG Electronics will supply its power conditioning system.

"The recent contract came under partnerships with some small and medium-sized enterprises (SME) there, which we believe will contribute to vitalizing the local ESS industry," LG CNS Vice President Kim Tae-geuk said in a statement.

LG CNS attributed the latest achievement to its global profile, as the firm was ranked fourth in an ESS leaderboard score released by U.S.-based market researcher Navigant Research, last year.

Jeju Island, for its part, is also making massive investments to transform into a "carbon-free area" by 2030, as part of Jeju Mayor Won Hee-ryong's mainstream policy. Last month, Prime Minister Hwang Kyo-ahn also pledged to make the resort island a green industry hub.

Won said: "We are promoting the spread of the ESS in our bid to realize our ‘Carbon-Free Island 2030 (CFI 2030) initiative under which Jeju hopes to use 100 percent renewable energy sources to replace fossil fuels."

The latest deal is a public-private partnership (PPP)-based project, with LG CNS hoping to expand its global profile through the collaboration with the island.

The Jeju government can also benefit from the green platform which will help the company efficiently manage energy generated by its wind farms. The provincial body expects the ESS to help stabilize electricity distribution at peak hours across the island.

This is not the first time LG CNS won a PPP project. In 2015, the Ministry of Trade, Industry and Energy named the company a major business operator for a government eco-friendly energy island drive for Ulleung Island in the East Sea.

Under the contract, the company provided its ESS and microgrid technologies to the island. The microgrid is often cited as a next-generation technology, combining renewable energy and ESS. Growing numbers of global energy systems providers ― including ABB of Switzerland ― are turning their focus to the technology for a more sustainable electricity supply.

Emailmhlee@ktimes.com Article ListMore articles by this reporter









 
LG
 
  • Delivery workers refuse door-to-door service following residents' unilateral action
  • North Korea slams Japan over decision to release contaminated Fukushima water
  • Yellow dust storm from China, Mongolia heading towards Korea
  • Debate heats up over Navy's proposal to develop light aircraft carrier
  • Local governments propose their own COVID-19 measures
  • Citibank to exit retail banking in 13 markets including Korea
  • Lotte Group to withdraw food business from Southeast Asia
  • Biden, Moon to hold in-person summit in Washington next month: White House
  • 7 years after Sewol ferry disaster, harrowing losses still remembered
  • Korea-Japan relations plunge deeper into abyss
  • 'Hospital Playlist' Season 2 to air on June 17 'Hospital Playlist' Season 2 to air on June 17
  • Abrupt ending of 'Taste of Wife' represents loss of trust in reality TV shows Abrupt ending of 'Taste of Wife' represents loss of trust in reality TV shows
  • Ji Chang-wook to take lead role in new Netflix series 'The Sound of Magic' Ji Chang-wook to take lead role in new Netflix series 'The Sound of Magic'
  • Kim Myung-min returns to small-screen as professor in JTBC's 'Law School' Kim Myung-min returns to small-screen as professor in JTBC's 'Law School'
  • [INTERVIEW] Actor Um Tae-goo has many faces [INTERVIEW] Actor Um Tae-goo has many faces
DARKROOM
  • Ending 'Endless War' [PHOTOS]

    Ending 'Endless War' [PHOTOS]

  • Locust outbreak

    Locust outbreak

  • Death toll rises as protests continue in Myanmar

    Death toll rises as protests continue in Myanmar

  • Say 'NO' to racism (Part 2)

    Say 'NO' to racism (Part 2)

  • Say 'NO' to racism (Part 1)

    Say 'NO' to racism (Part 1)

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group