Energy Storage News•11 days ago
Korea Power Exchange to announce winners of 540MW/3,240MWh energy storage auction in February
Key Takeaway
A major new market for large-scale energy storage is opening in South Korea, presenting significant development opportunities and potential grid stability benefits.
AI Summary
- •South Korea's Power Exchange (KPX) will announce winners in February for a 540MW/3,240MWh energy storage auction.
- •This auction signifies a substantial, government-backed procurement of large-scale energy storage aimed at bolstering grid support.
- •Developers should recognize this as a significant and emerging market opportunity for Battery Energy Storage System (BESS) projects in South Korea.
- •Large power consumers in South Korea can anticipate improved grid stability and reliability as these new storage assets come online.
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