LS Industrial Systems Co. (LSIS), a South Korean electric power solutions provider, announced on Oct. 26 that it has won a license to establish a renewable energy-powered island in Singapore, along with global firms such as GE-Alstom and Schneider.
The company signed a memorandum of understanding (MOU) with the government-funded Energy Research Institute (ERI) at Nanyang Technological University in Singapore on the 25th to set up the microgrid system on Semakau, an island in southern Singapore.
The project is divided into four land areas on Semakau, each administered by a partner in the project. LSIS will build the system in one sector to test both an independent microgrid operation and commercial operation connected with other companies’ microgrid solutions based on its microgrid energy management system (EMS), energy storage system (ESS) and solar or wind-powered renewable energy solutions.
The project is expected to take four years, with one year spent on establishing and testing the microgrid and three years on local management and research. The period of management and research can change if necessary. The government of Singapore and LSIS will share the cost of the equipment and establishment of microgrids.