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August 31, 2021

SK E&S-Doosan Changwon Facility – Battery Energy Storage System, South Korea

By Carmen

The SK E&S-Doosan Changwon Facility – Battery Energy Storage System is a 12,000kW energy storage project located in Changwon, South Gyeongsang, South Korea.

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Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
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by GlobalData
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The project was commissioned in 2018.

Description

The SK E&S-Doosan Changwon Facility – Battery Energy Storage System was developed by SK E&S.

The key applications of the project are peak demand management, energy arbitrage and solar power shifting.

Contractors involved

Samsung SDI and SK E&S have delivered the battery energy storage project.

Additional information

Doosan is responsible for supplying the storage system, while SK E&S is handling “investment and operation” for the project. The project will help reduce the facility’s use of grid electricity during peak times.

About SK E&S

SK E&S Co Ltd (SK E&S) a subsidiary of SK Holdings Co Ltd is a utility service provider that offers natural gas and electricity distribution. The company’s business activities include city gas, district energy, power, overseas business and LNG. It operates and supplies electricity from its LNG power plants in Gwangyang and Oseong. SK E&S’ district energy business produces and sells both heat and electricity from its energy production facilities. The company’s renewable energy business invests, develops and operates renewable energy equipment in the fields of solar, wind and fuel cell energy sources. It supplies environment-friendly energy to domestic and industrial users. The company has operations in China and South Korea. SK E&S is headquartered in Seoul, South Korea.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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