150-megawatt energy storage system (ESS) for Korea Zinc. Hyundai Electric South Korea’s Hyundai Electric & Energy Systems will soon complete a massive lithium ion battery in the industrial city of Ulsan. When it goes live in three months, Hyundai’s 150-megawatt system will overtake Tesla’s 100-megawatt facility in South Australia as the world’s largest industrial energy storage system, Independent.ie reported. Sorry, Elon Musk . It’s an exciting—albeit geeky—race to help the planet wean off environmentally harmful fossil fuels . That’s because if we want to accelerate the world’s renewable energy transition, we’ll have to modernize the energy grid and much of that depends on energy storage technology. Tesla famously built its ginormous battery within 100 days after Australian billionaire Mike Cannon-Brookes dared Musk to help fix the South Australian’s electricity woes. The system, which is connected to Neoen’s Hornsdale wind farm, has exceeded expectations after switching on about a year ago. The lightning-fast system has saved about $40 million in grid stabilization costs, prevented blackouts and helped restore confidence in the state’s energy resources, the Australian Financial Review noted. Hyundai’s $45 million battery is being built for the metal smelting company KoreaZinc , which intends to be energy self-sufficient and […]

LEAVE A REPLY

Please enter your comment!
Please enter your name here