By Kim Yoo-chul
Hyosung, the nation’s mid-tier conglomerate, said Thursday it has agreed with South Jeolla Province to supply its energy storage systems (ESS) to Kasado, one of the islands in Jindo County in the province.
In a statement, the Seoul-based firm said it will complete the installation of 1.25-megawatt (MW) and 3MW per hour ESS solutions on that island by August.
The firm said the ESS systems is the largest in terms of capacity in ESS solutions that have so far been installed in the nation’s inhabited islands.
“The installments will help 380 households in Kasado get electricity in a stable manner,” Hyosung spokeswoman Cho Min-jung said.
“Because Kasado is farther from the province, households in that island have been receiving electricity from diesel-powered generators. We are happy to make some contribution by supplying our ESS systems,” said the spokeswoman.
ESS is a device that stores electric power energy that is delivered from a power plant, transmitted to the substation and distributed to the consumer.
Korea’s leading tech firms, such as Samsung SDI, LG Chem and Hyosung, are investing more in ESS solutions as governments are keenly interested in renewable energy and ESS-based distributed power generation to minimize the number of power outages.
Hyosung has a good track record of supplying its ESS solutions to Samsung SDI, the wholesale market in Guri and the electricity ministry in Hong Kong.
“Since 2009, Hyosung has been consistent in acquiring needed patents for ESS solutions and expanding investments. We will allocate more money this year than previous years for the ESS business,” said the spokeswoman.