Kim Hyun-bin began his journalism career at Arirang TV from 2012 to 2017, specializing in defense, foreign affairs and the economy. In 2018, he joined The Korea Times, covering society and business, and is currently responsible for embassy affairs.
LS Electric breaks ground for 1st ESS project in UK worth $93 million
LS Electric President Kim Jong-woo, fourth from left, poses with other project officials during a groundbreaking ceremony at the ESS construction site in the U.K. village of Botley, Friday (local time). Courtesy of LS Electric
By Kim Hyun-bin
By Kim Hyun-bin
LS Electric has broken ground on an energy storage system (ESS) project in the U.K., which will establish a foothold for the company's expansion into the European renewable energy market, the company said, Sunday.
LS Electric announced that a groundbreaking ceremony was held at the ESS construction site in the village of Botley in Hampshire, Friday (local time), with more than 50 participants including LS Electric President Kim Jong-woo in attendance.
In April, LS Electric secured a contract for the Botley ESS project, with a total project cost of 73.56 million pounds ($92.5 million). This is LS Electric's largest overseas ESS project to date, and completion is scheduled for next June.
The project involves the construction of a 50-megawatt power conversion system (PCS) and a 114-megawatt-hour battery ESS. The system will supply the electricity generated in the Botley region to the National Grid Electricity Transmission, the U.K.'s power utility company.
LS Electric will be responsible for the ESS' design, procurement, construction (EPC) and operation and maintenance (O&M).
ESS is a system that stores electricity generated from power plants and supplies it when needed, increasing power usage efficiency.
With the U.K. ESS project as a starting point, LS Electric aims to accelerate its growth in the rapidly expanding European renewable energy market.
"The importance of ESS is being recognized in the U.K. and other European countries with increasing demand for renewable energy. Through enhancing reliability and capabilities, we will develop it as a strategic hub for the medium to long term," LS Electric President Kim Jong-woo said.