Singapore-headquartered subsea engineering company G8 and South Korean industrial business group Holim Tech have entered into an agreement to develop a 1.5 GW of offshore wind project paired with lithium-ion energy storage system in South Korea.
“We are pleased to initiate the commercial execution of this significant project after detailed evaluation and planning, with local authority permission to proceed”, said Pascal Cheon, G8 Korea’s COO.
The companies’ representatives inspected the construction site and coastal facilities for the deployment of wind turbines in November 2021, followed by the official agreement signing ceremony for the 1.5 GW project on 24 December 2021, according to a press release from the two partners.
Holim Tech
The energy storage system (ESS) will comprise next-generation ultra stable lithium-ion batteries from G8’s technology…