SEOUL, South Korea,
Aug. 8, 2016 /PRNewswire/ -- Kokam
Co., Ltd, the world's premier provider of innovative battery
solutions, today announced that South
Korea's largest utility, Korea Electric Power Corporation
(KEPCO) (NYSE: KEP), has awarded it a contract to develop a
36-megawatt (MW) system / 13-megawatt hour (MWh) Energy Storage
System (ESS) for frequency regulation at the Non-Gong substation in
South Korea. The project features
a combination of two unique Kokam Lithium Ion battery technologies
-- its Ultra High Power Nickel Manganese Cobalt (NMC) battery technology and its NANO battery
technology. Work on the project began in June 2016 and is scheduled to be completed by
December of 2016.
In March, Kokam announced that it had successfully deployed for
KEPCO two Ultra High Power NMC ESSs -- a 24 MW system / 9 MWh and a
16 MW / 6 MWh system -- along with a 16MW / 5MWh Lithium Titanate
Oxide (LTO) system. Together these systems currently provide KEPCO
with 56 MW of energy storage capacity for frequency regulation.
When the new 36 MW ESS project is completed, Kokam will have
deployed 92 MW of energy storage capacity for frequency regulation
for KEPCO, and the total worldwide capacity of ESSs using Kokam
batteries will total 132 MW.
"We look forward to deploying this new 36 MW ESS for KEPCO
and continuing to support its effort to install 500 MW of energy
storage capacity for frequency regulation by the end of 2017," said
Ike Hong, vice president of Kokam's
Power Solutions Division. "Based on our advanced Ultra High Power
NMC and NANO battery technologies, this ESS will provide KEPCO with
the industry-leading performance, reliability and cycle life
characteristics that they have come to expect from Kokam, enabling
them to achieve a strong return on their energy storage
investment."
About Kokam Co., Ltd.
With a globally acknowledged and proprietary manufacturing
technology, Kokam Co., Ltd has provided a wide range of Lithium
Ion/Polymer battery solutions to customers in over 50 countries and
many different industries, including the military, aerospace,
marine, Electric Vehicle (EV), Energy Storage System (ESS) and
industrial markets. With over 150 battery-related patents and a
total of 650-megawatt hours of field performance, Kokam is a proven
leader in providing innovative, high-tech battery solutions. For
more information, please visit www.kokam.com.
About Korea Electric Power Corporation (KEPCO)
Korea Electric Power Corporation (KEPCO) is South Korea's largest Utility established
under the Korea Electric Power Corporation Act with the purpose of
promoting the development of power resources, stabilizing the
electric supply, and growth of the national economy. With about
20,000 employees, KEPCO supplies more than 470 Terawatts annually
to South Korea for sales of
$41.1 Billion. KEPCO has a total of
10 subsidiaries: 22 companies overseas and 10 domestic companies in
areas of electric power generation, transmission, transformation,
and distribution, as well as related marketing, research,
investment, and asset management.
Press Contacts
Kokam
Ike Hong,
Business Development / Marketing
Vice President of Kokam Co., Ltd
Tel: +82 (0)31 3620 137
battery@kokam.com
Cecilia Park
Strategic Marketing Manager
Tel: +82 (0)31 3620192
cecilia@kokam.com
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visit:http://www.prnewswire.com/news-releases/kokam-to-build-36-megawatt-energy-storage-system-ess-for-kepco-increasing-its-total-worldwide-ess-project-portfolio-to-132-megawatts-300308259.html
SOURCE Kokam