Goyang Launches Nation's First Shared ESS Construction, Leading Energy Innovation

From Power Grid Stabilization and Electricity Cost Reduction
to Profit Generation: Achieving “Three Benefits in One”

Goyang Special City in Gyeonggi Province (Mayor Lee Donghwan) has begun construction of a shared Energy Storage System (ESS) earlier this month, embarking on energy innovation efforts such as stabilizing the power grid and reducing electricity costs.

Shared Energy Storage System (ESS) Installation. Provided by Goyang Special City

This project, the first of its kind in the country, was selected in April this year for the Ministry of Trade, Industry and Energy’s “Future Regional Energy Ecosystem Revitalization Project.” Its foundation was established through agreements with the Korea Energy Agency, Gyeonggi Province, Korea Electric Power Corporation, and Goyang Urban Management Corporation.

The total project cost is 2.7 billion won, with funding provided by the national government (60%), local government (20%), and private capital (20%).

The shared Energy Storage System (ESS) is expected to alleviate distribution line overloads, prevent disasters such as blackouts, and generate profits by reducing electricity bills for multiple consumers through virtual net metering.

In addition, by linking with public institutions that have contracted power of 2,000 kW or more, the city aims to increase the ESS installation compliance rate and reduce social costs caused by delays in transmission and distribution network expansion.

A city official stated, “We plan to improve power efficiency by connecting the shared ESS with solar renewable energy, creating a platform business that allows multiple consumers to share resources.”

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