GS E&R started running a wind farm in South Korea’s Gyeongsangbuk province in September of this year. A 50-MWh storage facility will be added to the project. Lithium-ion battery maker LG Chem Ltd announced a deal to build what’s described as the world’s largest wind energy storage project in South Korea. Under the agreement with local power producer GS E&R, a 50-MWh storage system will be installed at a wind farm in Yeongyang, North Gyeongsang province. Once complete, the new energy storage facility will be able to provide enough electricity for 5,000 households per day and will smooth out the intermittency related to wind energy generation. GS E&R brought the wind farm online in September of this year. The companies are also looking to cooperate on future projects. LG Chem has won over 100 MWh of orders in the domestic market alone this year. This month, LG Chem also grabbed a deal for 90 MW of batteries from Germany’s STEAG GmbH, which is investing EUR 100 million (USD 106m) to build battery systems at six power plant sites of the company in Germany. LG Chem, Inc. www.lgchem.com
LG Chem and GS E&R have announced a deal to build the world’s biggest wind energy storage project in South Korea, providing enough electricity to power 5,000 households per day and improve intermittency issues associated with wind energy generation. The project, which will be built by Samsung SDI on land owned by SK Hynix Co., is expected to cost about $45 billion (USD) when completed.