LG CNS will export the largest energy storage system (ESS) to the United States among Korean companies.
LG CNS has announced on May 16 that it won an order for a 40MW ESS project worth 48 billion won (US$43 million), which is equivalent to a project to build one thermal power plant, to the Guam Power Authority (GPA).
This project is attracting attention as the largest ESS construction project that a Korean company received from an overseas country. In particular, it is the first case to provide all services (turn-key) from planning and design to construction and operation abroad. It is the first global company (AES) to build 40 MW. The construction of a 40MW ESS accounts for 25 percent of all ESS construction (166 MW) completed by globally leading AES. The completion of this project will catapult LG CNS to a group of top global ESS leaders.
LG CNS will build one ESS (24 MW) unit for frequency adjustment which maintains the quality of electric power at Agana Substation and two ESS (16 MW) units for stabilizing new and renewable energy output which stably supply new and renewable energy such as solar power at Talofofo Substation. The company will use lithium-polymer ESS batteries of LG Chem. which is the global No. 1 player in the battery industry.
LG CNS plans to provide stable energy supply and generate additional revenue by operating and maintaining them for the next 25 years after completing the project by May next year. In addition, the company set a goal to land additional orders from the Guam Power Authority.