LGES' in-house startup to build wind power management project on Jeju

• Published date: 08 March 2023
• Publication title: The Korea Times

LG Energy Solution's company-in-company (CIC) AVEL has signed a business agreement with Korea South-East Power and Tamra Offshore Wind Power to jointly participate in a pilot project to improve Jeju Island's power market system, the company said Wednesday.

Under the partnership, the three firms will predict renewable energy generation quantity which will be managed by linking offshore wind generators and energy storage systems (ESSs).

AVEL plans to use energy aggregation technology to operate ESS and others. Korea South-East Power will share its administrative know-how related to the forecast system, while Tamra Offshore Wind Power will provide wind power operation data.

"Until now, it had been difficult to accurately predict the generation quantity of offshore wind energy due to its nature and there was no system to manage energy stored in ESS," AVEL CEO Kim Hyun-tae said. "Our partnership with the two...