Korea container energy storage transformation

Are South Korean companies investing in energy storage systems?

Less than a decade ago, South Korean companies held over half of the global energy storage system (ESS) market with the rushed promise of helping secure a more sustainable energy future. However, a string of ESS-related fires and a lack of infrastructure had dampened investments in this market.

What is Gyeongsan substation – battery energy storage system?

The Gyeongsan Substation – Battery Energy Storage System is a 48,000kW lithium-ion battery energy storage project located in Jillyang-eup, North Gyeongsang, South Korea. The rated storage capacity of the project is 12,000kWh. The electro-chemical battery storage project uses lithium-ion battery storage technology.

How much did South Korea invest in the energy transition?

South Korea’s investment in the energy transition came in at $25 billion last year. A clear and consistent policy framework is necessary to boost investor confidence and match the spending needs of a net-zero future.

What is the eexi result of Korean container fleet?

shows the attained EEXI results of the Korean container fleet. Only 132 vessels have satisfied the required EEXI, and 83 vessels have been disqualified for ship operation. It implies that the cargo capacity of the fleet becomes significantly reduced to 59.5% because the container fleet can solely transport 570,844 TEU among 959,190 TEU containers.