[Source: LG CNS Co.]
LG CNS Co., an information technology solution unit of South Korean conglomerate LG Group, said on Tuesday that it has won a $43 million order to build a 40 megawatt energy storage system (ESS) in the United States territory of Guam. It is the largest-ever ESS facility to be exported by a local company, it said.
According to LG CNS, it has signed a final agreement with Guam Power Authority (GPA) to build an ESS facility in the island of Guam located on the North Pacific Ocean. The Korean company received technical advice including of test runs and inspection from the state-run Korea Electric Power Corporation and aims to complete installation by May next year.
Currently, Guam uses traditional fuel generators to produce energy. A 40 megawatt ESS facility would be equal to a single thermal power generator. The latest project aims to guarantee stable supply of power generated throughout Guam by using the ESS facility. LG CNS will be responsible for operations, maintenance, and repair work for 25 years.
The company said that the project is the first example for a local company to design, plan, establish, and operate a large ESS facility overseas on a turnkey basis. The latest order has placed LG CNS as world’s leading ESS provider based on total energy capacity of 125 megawatts, it added.
As Korea’s largest provider of ESS facility in terms of power conversion system volume, LG CNS has been an active player in the ESS market at both home and abroad. It has built world’s largest 23 megawatt hour ESS facility for LG Chem Ltd.’s plant in Iksan, North Jeolla, to help manage energy at peak seasons. Also in September last year, it was selected to install and manage a 27 megawatt hour wind-power ESS on Jeju Island.
By Oh Chan-jong
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