Hyosung Heavy Industries named to prestigious BNEF Energy Storage Tier 1 list

Industry

Published: 29 Apr. 2024, 16:00

Hyosung Heavy Industries named to prestigious BNEF Energy Storage Tier 1 list

Energy storage systems in South Africa run by Hyosung Heavy Industries [HYOSUNG HEAVY INDUSTRIES]

Hyosung Heavy Industries made Bloomberg New Energy Finance's (BNEF's) Energy Storage Tier 1 list, which recognizes major players in the energy storage system (ESS) space.

This is the second consecutive quarter that the Hyosung Heavy Industries has been included, the Korean company said Monday.

BNEF is a renowned research firm focusing on market trends in the renewable energy sector. The Energy Storage Tier 1 report ranks battery suppliers and system supply companies in the global ESS market based on their operating capacity.

Hyosung Heavy Industries currently installs and operates ESS systems in more than 200 regions around the world, acquiring a record of 2.7 gigawatt-hours as a major ESS supplier.

BY SARAH CHEA [chea.sarah@joongang.co.kr]