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.
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 50MWh storage system will be built at a wind farm in Yeongyang, North Gyeongsang province, which came online two months ago.