KEPCO Secures KRW 2.4 Billion in 2027 Budget for ESS-Based Virtual Power Line Project

The momentum of cooperation signings and orders in the ESS sector continues to climb. In H1 of this year alone, China's energy storage enterprises signed over 130 new orders, with cumulative contracted capacity exceeding 800 GWh. Entering Q3, multiple enterprises across the energy storage industry chain have successively disclosed major collaborations and business progress. Within just three days, EVE signed two significant cooperation agreements. On September 9, EVE announced that it had recently signed a strategic cooperation agreement with China Railway Beijing Group, under which the two parties agreed on an energy storage project cooperation scale of no less than 5 GWh over the next three years. On September 7, EVE reached a strategic cooperation with Zhongcheng Energy, covering cooperation intentions in areas such as energy storage equipment and sodium-ion battery energy storage.

SK Innovation unveiled a solution combining renewable energy, SK On’s battery energy storage system, small modular reactors and LNG at the World Climate Industry Expo, which opened in Busan on September 16. The company said it had secured a global renewable-energy project pipeline of approximately 5.3 GW as of the end of May and plans to expand its Jeonnam offshore wind capacity to 900 MW. SK On’s BESS incorporates predictive battery-management technology and a pack-level system design.

On Sept 15, bid results were announced for energy storage system procurement of the Renqiu Zhihong 100MW/400MWh LFP plus sodium-ion independent storage pilot project in Hebei. Lot 1 covers LFP systems (30MW/120MWh large-capacity plus 60MW/240MWh long-life), won by Envision Energy at RMB 194.616 million, or RMB 0.518/Wh. Lot 2 covers a 10MW/40MWh sodium-ion system, won by CATL at RMB 41.416 million, or RMB 1.035/Wh. The project pilots a mixed LFP-sodium technology route for grid-side storage.