LS Electric Co. finished its first battery storage project in the UK, marking the South Korean power equipment maker’s expansion into Europe’s growing renewable energy market.
The 133.4 billion won ($97 million) Bottley facility features a 50-megawatt power conversion system with 114 megawatt-hours of storage capacity. The system will help stabilize Britain’s power grid by storing and distributing electricity in the area.
The project signals growing Asian participation in Europe’s energy transition as the region seeks to bolster its renewable power infrastructure. LS Electric will operate and maintain the facility for 20 years, positioning itself for further expansion in the market.
The company has already secured its next UK project at Widdo Hill worth 162.1 billion won ($118 million) in January. President Kim Jong-woo cited rising European demand for energy storage systems as key to the firm’s growth strategy.
The completion ceremony drew representatives from Korea Overseas Infrastructure & Urban Development Corporation, Shinhan Asset Management and Shinhan Bank, highlighting the project’s significance for Korean investors targeting overseas infrastructure opportunities.
