- Consecutively Ranked Tier 1 Supplier on BNEF Energy
Storage List in 2024
- Started ESS Business in the late 2000s, ranked no.1
supplier in Korea since 2018 ∙∙∙ continues to expand its foothold
into the global market
SEOUL, South Korea,
April 29, 2024 /PRNewswire/ --
Hyosung Heavy Industries has been acknowledged as one of the best
suppliers in the Energy Storage System (ESS) market.
- Consecutively Ranked on BNEF Energy Storage Tier 1 List
in 2024
As of April 29th, Hyosung Heavy
Industries announced that the company has been listed on
BNEF(Bloomberg New Energy Finance)'s "Energy Storage Tier 1". BNEF
is a renowned research firm focusing on market trends in the
renewable energy sector.
The Energy Storage Tier 1 report[1] is a selection of
high performing battery suppliers and system supply companies
within the global ESS market. The report is released quarterly; and
Hyosung Heavy Industries has been ranked tier 1 in both Q1 and Q2
of 2024.
Two consecutive quarters of registration on the list conveys a
meaningful message, as it proves the high capabilities of Hyosung
Heavy Industries in the global ESS market.
- Hyosung's ESS Business, ranked no.1 in Korea since 2018 ∙∙∙
continues to expand its presence into the global market
The company now installs and operates ESS systems in close to
250 sites, acquiring a total record of 2.7GWh as an outstanding ESS
supplier.
Since entering the ESS business in the late 2000s, the company
has provided ESS solutions to renewable energy generation plants
across South Korea. It has been
ranked the no.1 supplier in South
Korea since 2018.
In addition, Hyosung Heavy Industries has supplied many global
ESS projects around the world, including the US, South Africa, and the UK. Last year, it
supplied a 68MW/292MWh ESS to the Republic of South Africa. It has been leveraging its
capabilities in EPC (Engineering, Procurement, and Construction)
and O&M (Operation and Maintenance) to offer optimal solutions
for customers.
Hyosung Heavy Industries plans to expand its global footprint by
increasing its ESS sites within existing markets and expanding to
new countries.
[1] The criteria
for selection in the Energy Storage Tier 1 list are explained in
the methodology of the report announced by BNEF.
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