Korean firms back €150m renewable energy project here - battery energy storage system

Lumcloon Energy, Ireland will invest 150 euros in two battery storage technology centers in the central region, which will promote the use of renewable Energy and reduce dependence on fossil fuels
Thermal power plant.
The company will announce today that it is working with Korean companies Hanwha Energy and LSIS to develop two 100 MW sustainable energy projects in Lumcloon and Shannonbridge.
Approximately 240 jobs will be created during the construction phase, and each of these two facilities will create up to 10 jobs at launch and operation.
Work is expected to begin later this year.
Battery energy storage solutions will be developed (BESS)
Lumcloon said it was the first time to travel to Ireland commercially.
The technology aims to support the EU's 2020 renewable energy target by enabling the grid to accommodate a higher level of wind and solar energy, deployed in the UK, the US, Australia and Europe.
BESS includes storing power from the grid and then re-supplying it as needed.
It will allow storage of renewable energy generated at night, otherwise it will have to be reduced due to lack of demand.
Electricity can then be released back to the grid to avoid the use of conventional oil or gas
Thermal power plants for power generation.
Nigel reams, chief executive of Lumcloon Energy, said the height of each plant will be around, rising to about 8 m.
"The necessary support will be provided for this project
"Prepare for Ireland's rapidly expanding renewable energy sector, benefiting both consumers and businesses," he told the Irish Independent . ".
"It's an insurance for the grid, which is moving to a lot of renewable energy and shutting down traditional factories, so they need an insuranceup.
"By installing our factory on the system, it can shut down the traditional factory.
"State grid operator EirGrid recently announced that Ireland's power system is the first in the world to be able to deliver 65 pc power from various sources, including wind.
Due to the possible impact on system stability, grid operators face technical challenges in managing high levels of renewable energy.
With incentives to develop solar PV expected to be announced later this year, the use of renewable energy is expected to increase further
In the next few years, this means more battery storage is needed.
Some experts suggest that it will take up to 375 MW over time.
The 200 MW proposed by Lumcloon can provide electricity to the equivalent of 170,000 households.
Hanwha Energy has deployed the technology on a commercial scale.
Ho said that this cooperation will bring about an "extraordinary" project.
"Hanwha hopes to take this opportunity to develop and install BESS to improve the stability and reliability of the Irish power system to support Ireland's energy policy," he said . ". "With long-
Han Hua's time experience in the global energy industry and hopes to complete outstanding energy projects in Ireland.
"EirGrid is expected to be" high-
Later this year, electricity must be provided to the grid within 150 ms of demand.
Lumcloon believes it will ensure this contract, which will allow the development work to continue.
These plants have full planning permission and will be built in Cloniffeen, a mountain farm Bridge near West Offaly power station, with the second plant located in the former ESB of Lumcloon, near Cloghan
It will take 12 months for each facility to be built and then commissioned.
Lumcloon has about 15 employees, and with other opportunities to deploy the technology in other countries, Lumcloon is expected to expand.
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