LG CNS has been selected by Jeju Energy Corporation to install and manage a 27MWh wind-power ESS (Energy Storage System).
A deal was struck to construct wind-power ESS systems at Bukchon wind power complex (18MWh) and Gasi-ri wind power complex (9MWh) and manage the systems for 15 years.
Wind-power ESS is a system that uses wind power to generate and store electricity and supplement high electricity demands at peak seasons.
The installation of this LG CNS ESS will not only make wind-power energy more readily available by converting and supplying wind-generated electricity but it will also make the Jeju power system more secure.
This project is a PPP (Public-Private-Partnership), which is a cooperative project with a shared-profit model. LG CNS will manage the ESS directly and redirecting profits back into the project as investments while simultaneously expanding business reference sites and developing business opportunities. Jeju Energy Corporation will also be able to construct ESS projects without further investment in the wind power complexes.
Considering that LG CNS will be installing the largest-scale wind-power ESS construction on Jeju Island, Korea, it will be concentrating on the performance of LG energy solutions and implementing LG Chem batteries and LG Electronics PCS (Power Conditioning System) products to deliver a secure management system in line with the highest in global standards.
LG CNS has Korea’s top PCS standard ESS construction record and the largest capacity solar power construction capabilities among Korean SI (System Integration) providers as well. According to the U.S. market analysis firm, Navigant Research, LG CNS is the first Korean company to reach a global ranking of 4 in the ESS SI field.
LG CNS has the core IT capacity to compete in today’s complex energy industry. It also has the ability to manage the SI industry and have developed its own EMS (Energy Management System) solution.
Taegeuk Kim, Vice President of the LG CNS Strategic Planning Division, announced, “The construction of the Jeju wind-power ESS project is a plan that will have a significant impact on the vitalization of the provincial ESS industry through the cooperation of provincial corporation as LG CNS implements its EMS solution”.
Jeju Island in Korea is encouraging the expansion of integrated ESS and N&RE (New and Renewable Energy) is order to complete the ‘CFI (Carbon Free Island) 2030’ project, which aims at making the island 100% N&RE sufficient by the year 2030. The project being undertaken this year will not speed up the introduction of N&RE and ESS on the island but also play a role in making the ‘carbon free island’ vision a reality.
LG CNS will continue to expand development of diverse technologies and implement leading ICT technology in the international N&RE industry.
Written by LG CNS PR Team
 Public–Private Partnership: A public–private partnership (PPP, 3P or P3) is a cooperative arrangement between one or more public and private sectors, typically of a long term nature. (Source: https://en.wikipedia.org/wiki/Public%E2%80%93private_partnership) [back to the article]