Why is Bess important in South Korea?

The country has been actively promoting the development and deployment of BESS to improve the stability of its grid, manage peak demand, and integrate renewable energy sources into its energy mix. The BESS market in South Korea has been driven by the country's strong manufacturing base in the battery industry.

What drives the Bess market in South Korea?

The BESS market in South Korea has been driven by the country's strong manufacturing base in the battery industry. Major battery manufacturers such as LG Chem and Samsung SDI Co., Ltd. are based in South Korea.

What does Bess stand for?

As part of its ambitious energy transition, South Korea is launching a major procurement effort for battery energy storage systems (BESS), seeking to add 540MW of new capacity to its grid infrastructure.

Why is South Korea launching a 540mw battery energy storage tender?

South Korea is ramping up its battery energy storage deployment with a new 540MW tender to stabilize the grid and support renewable energy growth. Learn how this move strengthens both domestic resilience and global market leadership.

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 Bess & how does it work?

BESS is designed to store electrical energy when it is plentiful and release it when needed. This can help balance the supply and demand of electricity, particularly during peak demand or when renewable energy sources are intermittent and unavailable. BESS is used in homes, businesses, and utility-scale applications.