The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    South Korea speeds up full-fledged deployment of US anti-missile battery

  • 3

    Kakao seeks to bolster SM's global presence as new owner

  • 5

    ANALYSISTesla, BYD's price cuts unnerve LGES, Samsung, SK

  • 7

    4 young Nigerian siblings killed in house fire in Ansan

  • 9

    Apple Pay service limited by lack of NFC terminals

  • 11

    Chun Doo-hwan's grandson to apologize to victims of Gwangju massacre

  • 13

    Busan aims to win hearts of developing nations in Expo 2030 bid

  • 15

    Bank failures and rescue test Yellen's decades of experience

  • 17

    From mines to mobility: 140-year-old partnership between Germany and Korea

  • 19

    Unrest on the Island of World Peace in 1903

  • 2

    Lee Sun-kyun, Lee Ha-nee reunite in new rom-com 'Killing Romance'

  • 4

    INTERVIEWHow ATEEZ achieved worldwide success

  • 6

    Actor Yoo Ah-in appears for questioning over alleged drug use

  • 8

    Firstborns account for record-high 63% of newborns

  • 10

    Foreign minister hosts Iftar dinner for Muslims in Korea

  • 12

    SK chief's estranged wife sues his new partner for compensation

  • 14

    Korean police search for 2 Kazakhstanis who fled airport

  • 16

    Samsung chief inspects production plants in China for first time in 3 years

  • 18

    Yoo Ah-in appears before police over alleged use of illegal drugs

  • 20

    Cook praises China's innovation, long history of cooperation on China visit

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
Tue, March 28, 2023 | 11:09
Tech
LG CNS wins ESS license in Jeju
Posted : 2016-09-08 16:45
Updated : 2016-09-08 18:55
Lee Min-hyung
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
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
 
Top 10 Stories
1[ANALYSIS] Tesla, BYD's price cuts unnerve LGES, Samsung, SK ANALYSISTesla, BYD's price cuts unnerve LGES, Samsung, SK
2Yoo Ah-in appears before police over alleged use of illegal drugs Yoo Ah-in appears before police over alleged use of illegal drugs
3US aircraft carrier to visit Busan amid NK provocations US aircraft carrier to visit Busan amid NK provocations
4Korean crypto investors want Do Kwon punished in US Korean crypto investors want Do Kwon punished in US
5Families of foreign construction workers can receive retirement pay: court Families of foreign construction workers can receive retirement pay: court
6Indonesian investment minister promotes EV cooperation with Korea Indonesian investment minister promotes EV cooperation with Korea
7Nongshim plans to build plant in eastern US region Nongshim plans to build plant in eastern US region
8Gimpo-China flights recover to pre-pandemic levels Gimpo-China flights recover to pre-pandemic levels
9Right-wing Japanese support Seoul-Tokyo ties: Korean envoy to Japan Right-wing Japanese support Seoul-Tokyo ties: Korean envoy to Japan
10Local bank stocks hit by shockwaves from SVB, CS collapses Local bank stocks hit by shockwaves from SVB, CS collapses
Top 5 Entertainment News
1Lee Sun-kyun, Lee Ha-nee reunite in new rom-com 'Killing Romance' Lee Sun-kyun, Lee Ha-nee reunite in new rom-com 'Killing Romance'
2[INTERVIEW] How ATEEZ achieved worldwide success INTERVIEWHow ATEEZ achieved worldwide success
3Will April releases revive Korean cinema? Films to look out for in April Will April releases revive Korean cinema? Films to look out for in April
4Dreams come true: TXT mesmerizes 21,000 fans at KSPO Dome Dreams come true: TXT mesmerizes 21,000 fans at KSPO Dome
5'My ID is Gangnam Beauty' to be adapted into live action series in Thailand 'My ID is Gangnam Beauty' to be adapted into live action series in Thailand
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

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
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group