January 7, 2022: A 1.5GW offshore wind energy project will be backed up by batteries to help stabilize the South Korean grid, firms G8 and Holim Tech Korea announced on January 4.
G8 is a Singaporean subsea engineering group, and has hired its technology partner 3D0M to provide the ‘ultra long life’ lithium batteries for the storage. No other details of the battery technology were released.
The system, which will be built off the southwest tip of Korea, will power 500,000 homes and businesses, the firms say.
“Energy storage will be an important element to propel large-scale renewables forward,” said Gerard Tan, G8 Group managing director.
“This project will be an important step for G8 and the South Korean wind power industry, as it will be one of the largest offshore wind farm projects in Asia to utilize our next generation energy storage technologies.”
South Korea has earmarked $63 billion in a so-called ‘Green New Deal’ for spending on the country’s net-zero transition into renewable energy and the development of accompanying technologies.
G8 says the country has pledged to increase its renewables contribution to the power mix from 6.4% to 20% by 2030.