LG Chem and Samsung SDI compete with each other in an energy storage system (ESS) demonstration project with different types of secondary battery technologies.
In the smart grid distribution project led by the Korea Smart Grid Institute under the Ministry of Knowledge Economy, the consortiums of KT and the Korea Electric Power Industrial Development Corporation (KEPID), which have been selected as the preferred bidders, are predicted to adopt the batteries of LG Chem and Samsung SDI, respectively.
The purpose of the project is to save electricity at night, when the power rate is relatively lower, and use it during peak hours for more effective power supply. Advanced metering infrastructure (AMI) monitors and controls household power usage remotely in real time.
For full article see Korea IT News.