ESS technology is used to store excess energy that can be supplied later when required. The Korean Ministry of Trade, Industry and Energy estimates the global ESS market will grow to $15 billion by 2020 and $29.2 billion by 2025.
LG CNS edged out Greensmith Energy, a leading ESS player in North America, to be placed fifth. Japan's NEC was seventh and GE came in ninth.
(Source: Korea Times, Bloomberg, June, 2018) Contact: LG Group, www.lgcorp.com
More Low-Carbon Energy News Battery, Energy Storage, LG Group,
The Graciosa Hybrid Renewable Power Plant will combine solar and wind generation, together with energy storage using lithium-ion batteries supplied by Leclanche.
GEMS embodies intelligent energy applications that focus on monitoring and operating energy storage power plants and hybrid power plants formed by energy storage, thermal generation, wind and solar.
When fully operational, the system will enable 1 MW of solar and 4.5 MW of wind power to be supplied to the local electricity grid, reducing the islands' reliance on imported fossil fuels and significantly reducing GHG emissions.
(Source: Greensmith Energy, Energy Business Review, 8 Jan., 2018)Contact: Wartsila, Risto Paldanius, Dir. Energy Storage, +358 40 584 2767 firstname.lastname@example.org, www.wartsila.com; Greensmith Energy, John Jung, President and CEO, Mallory Sass, Marketing, (408) 966-5950, email@example.com, www.greensmithenergy.com
More Low-Carbon Energy News Greensmith Energy, Energy Management, Energy Storage,