The company will supply 4MWh ESSs for the government’s R&D and smart grid expansion programs.
It expects to complete two additional 100~500kWh ESS projects by the end of this year.
After concentrating resources on expanding overseas markets, Kokam (President: Jeong Chung-yeon), a ‘small giant in the energy storage system (ESS) industry’, is now breaking into the market in Korea, which has been dominated by large companies like Samsung SDI and LG Chem.
Kokam said on September 9 that it will supply 4MW ESSs in Korea as it was selected as the leading company of the ‘ESS demonstration project as part of the energy technology development program in 2013’ and the ‘program of expanding ESSs for smart grids in 2013’.
The company will install 1MW/1MWh industrial ESSs as it was selected in July 2013 as the leading company of the ‘project of demonstrating installation and operation of industrial ESSs for demand management, a mid- and long-term energy technology development project, by Korea Institute of Energy Technology Evaluation and Planning (KETEP).
Led by Kokam, 5 companies, including Hyundai Heavy Industries, will install 1MWh lithium ion batteries, battery management systems (BMSs), 1MW inverters (power conversion systems), and energy management systems (EMSs).
Also, Kokam will take part in the smart grid expansion program designed by Korea Smart Grid Institute (KSGI), an affiliated organization of the Ministry of Trade, Industry and Energy (MOTIE).
Along with Hyundai AutoEver and Woojin Industrial Systems, the company will also install consumer-oriented core smart grid infrastructures, including 2.5MWh ESSs and advanced metering infrastructure (AMI) systems. Kokam’s ESSs will be used for saving peak power and improving quality of electric power.
In August, the MOTIE announced the ‘plan of ICT-based energy demand management and creating new markets in the creative economy era’. The plan is designed to foster ESS industry, reduce taxes, apply differential price system, and mandate to install ESSs.
Besides these government projects, Kokam is currently discussing projects of installing 100~500kWh ESSs with private companies in Korea, and it expects to install them by the end of this year.
Executive Director Hong In-gwan at Kokam said, “The ESS expansion and demonstration projects will serve as a momentum of invigorating local ESS market. Kokam will actively participate in the endeavor of stabilizing electricity market in Korea.”
Established in 1989, Kokam is a mid-sized company that has a number of patents as it has developed proprietary technologies for rechargeable lithium ion and lithium polymer batteries. It exported over 20MWh ESSs to 13 electricity companies across the world, including the United States, Europe and Asia.
Source : e2news