SK Innovation sells energy storage system to German city

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SK Innovation sells energy storage system to German city

SK Innovation, the holding company of SK Group’s oil and energy affiliates, said yesterday it is providing its energy storage system (ESS) to the city of Magdeburg in Germany.

The company said it will supply a one megawatt ESS system to the capital city of Saxony-Anhalt state after winning a bid for the ESS project.

This is the first time that SK Innovation will export its ESS system since it entered the business in 2010.

SK Innovation said it also signed a cooperation agreement with the Fraunhofer Institute, Germany’s largest application-oriented research institution, which has about 22,000 researchers and engineers, to develop advanced ESS systems and smart-grid technologies.

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