LS ELECTRIC announced on the 10th that it has secured a 36 billion won project to establish an energy storage system (ESS) power plant in Japan.
LS ELECTRIC will construct a 20-megawatt power conversion system (PCS) and a 90-megawatt-hour (MWh) grid-connected ESS power plant in the Watari area of Miyagi Prefecture, Japan, by April 2027. LS ELECTRIC will form a consortium with local construction companies to take on the design, procurement, construction (EPC), and integrated operation of the ESS, making it responsible for the practical establishment and operation of the system. The total project cost is estimated at 3.7 billion yen (approximately 360 million won).
The ESS is a system that stores electricity generated at the power plant and supplies power when needed, enhancing the efficiency of electricity use. The electricity produced in the Watari area will be supplied to the Tohoku Electric Power transmission network through the ESS system.
LS ELECTRIC noted, "We will seize the initiative in the rapidly growing Japanese grid-connected ESS market through an expansion of subsidies from the government."