Energy Corporation Begins Accepting Applications for This Year's Energy New Industry Infrastructure Project

Support for the Distribution of Energy Storage System (ESS) and Energy Management System (EMS) Convergence Systems
Safety Measures Support for ESS Sites Using Batteries in Small and Medium Enterprises

[Asia Economy Reporter Moon Chaeseok] The Korea Energy Agency announced on the 11th that it is accepting applications for the '2020 Energy New Industry Infrastructure Project' to foster the energy new industry and create markets in related fields.

This year's support areas for the Energy New Industry Infrastructure Project include ▲ Energy Storage System (ESS) and Energy Management System (EMS) convergence system distribution support project ▲ Safety measure support project for ESS workplaces using batteries in small and medium-sized enterprises.

The target for the 'ESS·EMS Convergence System Distribution Support Project' is small and medium-sized enterprises, mid-sized companies, and residential facilities installing ESS+EMS for the purpose of peak reduction or emergency power replacement.

Depending on the installation purpose, up to 30-50% of the installation cost will be supported.

This year, the outdoor relocation of indoor ESS facilities through reuse is also included in the support targets. The government support budget is approximately 3.5 billion KRW. Applications close on the 31st of this month.

The 'Safety Measure Support Project for ESS Workplaces Using Batteries in Small and Medium-sized Enterprises' is a project supported temporarily this year.

This project was launched considering the insufficient safety measures due to lack of funds and manpower in ESS workplaces where small and medium-sized enterprises and foreign-made batteries are installed.

The government supports part of the costs invested in common safety measures such as electrical anomaly protection devices, emergency stop devices, battery overcharge prevention devices, and fire extinguishing equipment reinforcement.

The Korea Electrical Industry Promotion Association provides installation cost support for common safety measure implementation, and the Energy Agency provides installation cost support for fire extinguishing equipment reinforcement.

This year's government support budget is approximately 3.2 billion KRW. Applications can be submitted anytime until November. However, the application may close early if the project budget is exhausted.

Meanwhile, the support project for safety measure implementation such as firewall installation and fire extinguishing equipment reinforcement at ESS workplaces and outdoor facilities, which has been ongoing since October last year, is open for applications until May 11.

Support is provided up to 30 million KRW for installation costs of related facilities targeting small and medium-sized enterprises, mid-sized companies, and public institutions.

Detailed support targets and contents for each project can be confirmed through the notices on the Energy Agency's website.

An official from the Energy Agency said, "The agency plans to actively support the prompt completion of safety measure implementation in accordance with the ESS safety management reinforcement measures announced by the government last year."

This content was produced with the assistance of AI translation services.