Hyundai Electric is set to establish the world's largest energy storage systems at the Ulsan headquarters of Hyundai Heavy Industries. Hyundai Heavy Industries Group aims to save annual electricity cost by 15 billion won by using Hyundai Electric's electric power efficiency-boosting technology.
Hyundai Electric announced on July 6 that it would set up 24.6-billion-won worth of ESS and factory energy management system for Hyundai Heavy Industries by October 2017.
ESS is a system that saves electricity within a storage device and supplies it when needed, thereby enhancing the energy efficiency.
The ESS for which Hyundai Electric will install for Hyundai Heavy Industries would have a 50-MWh capacity, the largest in the world, exceeding the previous record set by the ESS (23 MWh) installed within LG Chem's Iksan plant.
Hyundai Electric plans to apply its own intelligence energy solution "INTEGRICT" for Hyundai Heavy Industries' central power control center, aimed at creating synergies with the ESS.
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