[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 4 sources · 5 days · First seen · Last updated

LS Electric renewable energy and grid technology expansion

Overview

LS Electric has entered into multiple strategic partnerships in South Korea to advance renewable energy and grid stability.

Initially, the company signed a memorandum of understanding with Korea Midang Power to develop renewable energy projects. This collaboration covers the entire value chain, including project discovery, investment, engineering, procurement, and construction, with an initial focus on onshore wind power and future plans for solar energy and Battery Energy Storage Systems.

Subsequently, LS Electric partnered with Korea Electric Power Corporation (KEPCO) to develop next-generation power electronics. This effort focuses on grid-forming technology to stabilize distribution networks by allowing inverter-based sources like wind and solar to autonomously manage voltage and frequency. The partnership also includes research into smart transformers and microgrid technology for system restarts during outages.

Entities

LS Electric · KEPCO Research Institute · Korea Electric Power Corporation · Korea Midang Power

Timeline

  1. [BUSINESS] 2 sources
    LS Electric and KEPCO partner on grid-forming technology

    LS Electric and KEPCO are partnering to develop grid-forming technology and smart transformers to stabilize distribution networks amid rising renewable energy use.

  2. [BUSINESS] 2 sources
    LS Electric and Korea Midang Power partner on renewable energy

    LS Electric and Korea Midang Power have partnered to develop South Korean renewable energy projects, focusing on onshore wind, solar, and battery storage across the full project lifecycle.

Sources

biz.heraldcorp.com · hellot.net · imaeil.com · socialvalue.kr