Powering the Grid: South Korea''s 2025 ESS Auction

The South Korean government, under the auspices of its carbon neutrality and energy transition goals, has launched the 2025 1st ESS Central Contract Market auction,

2023 Aug 17

The Top 10 Largest Renewable Energy Storage Projects of 2025

2025 was a pivotal year for energy storage: Global grid-scale BESS deployments surged by 23%, adding a staggering 92 GW / 247 GWh worldwide, driven by falling costs of

2023 Feb 12

[K-Tech] South Korea nears decision on landmark energy storage

SEOUL, July 21 (AJP) - South Korea is poised to award its first large-scale energy storage system (ESS) tender this week, a 1 trillion won (approximately $720 million) project that has drawn

2025 Sep 28

Powering the Grid: South Korea''s 2025 ESS

Go-To Guide: South Korea launched the 2025 1st ESS Central Contract Market auction, offering 540 MW of capacity for energy storage

2024 Jun 14

South Korea bids out 540MW ESS to ease power

The South Korean government is launching a multi-billion-won initiative to deploy large-scale energy storage systems (ESS) across

2023 May 11

Powering the Grid: South Korea''s 2025 ESS Auction

The South Korean government, under the auspices of its carbon neutrality and energy transition goals, has launched the 2025 1st ESS

2024 Dec 20

South Korea Launches 2025 ESS Auction for 540

South Korea opens 540 MW ESS auction with 15-year KPX contracts, expanded scope, and tighter rules for grid support and project

2024 Apr 27

South Korea Launches 1 Trillion Won ESS Market

On May 22, the Ministry of Trade, Industry and Energy (MOTIE) announced its plan to introduce a large-scale ESS with a capacity of 540 megawatts (

2024 Nov 11

South Korea Launches 540MW Battery Energy Storage Tender

South Korea is ramping up its battery energy storage deployment with a new 540MW tender to stabilize the grid and support renewable energy growth. Learn how this

2024 Dec 28

South Korea''s Green Transition Hinges on

BNEF''s New Energy Outlook: South Korea indicates that decarbonizing electricity supply is key to the country staying on track with

2023 Jul 14

South Korea bids out 540MW ESS to ease power

A view of the energy storage system (ESS) at the Gyeongsan Substation in Gyeongsan, Gyeongsangbuk-do. /Korea Electric Power

2024 Jun 14

Korea Power Exchange to announce winners of

Results of an auction to procure large-scale energy storage to support the electric grid in South Korea will be announced in February.

2025 Apr 05

Bottlenecks to renewable energy integration in

The success of qualitative renewable growth in South Korea depends on removing bottlenecks in transmission and distribution, power

2024 Mar 31

[K-Tech] South Korea nears decision on landmark

SEOUL, July 21 (AJP) - South Korea is poised to award its first large-scale energy storage system (ESS) tender this week, a 1 trillion won

2024 Sep 29

South Korea launches its largest energy storage bid to bolster

The project aims to help reduce electricity waste from renewable sources by storing surplus power during low-demand periods and releasing it when demand is high.

2025 Sep 25

South Korea Launches 2025 ESS Auction for 540 MW

South Korea opens 540 MW ESS auction with 15-year KPX contracts, expanded scope, and tighter rules for grid support and project transfer approvals

2024 Mar 17

South Korea launches $29 billion battery storage

SEOUL, May 26 (AJP) - South Korea has launched its most ambitious energy storage initiative yet, opening the door to what officials estimate

2023 Oct 20

Govt. to invite bids for homegrown energy storage project worth

The government said Thursday it will invite bids to construct a homegrown energy storage system, a project estimated to cost around 1 trillion won ($725 million), in a move

2023 Jul 12

South Korea Energy Storage Systems Market Outlook to 2030

The South Korea Energy Storage Systems (ESS) market is driven by rising renewable energy deployment under the 11th Basic Plan, KEPCO''s transmission deferral projects, and strong

2026 Feb 10

Korea Southern Power selected as final bidder in national clean

Korea Southern Power''s selection as the preferred negotiating partner for CHPS is a signal signaling the transition to a hydrogen economy. Going forward, Korea Southern

2025 Jun 11

Korea Power Exchange to announce winners of 540MW/3,240MWh energy

Results of an auction to procure large-scale energy storage to support the electric grid in South Korea will be announced in February.

2024 Feb 11

South Korea launches its largest energy storage

The project aims to help reduce electricity waste from renewable sources by storing surplus power during low-demand periods and releasing it when

2025 Sep 04

Solar set to become South Korea''s most cost-competitive energy

A research team based at Lawrence Berkeley National Laboratory says that solar could have the lowest levelized cost of energy (LCOE) of all energy sources in South Korea by

2024 Dec 29

Energy storage rebound revives lithium outlook in 2026

The use of lithium in these applications reportedly exceeded initial projections in the second half of 2025, opening a new market beyond electric vehicle battery production. Battery storage

2025 May 03

South Korea bids out 540MW ESS to ease power grid strain

The South Korean government is launching a multi-billion-won initiative to deploy large-scale energy storage systems (ESS) across the country, in a bid to alleviate mounting

2023 Jan 17