ZBB ships energy storage and power control to South Korea
ZBB Energy Corp. has shipped an energy storage and power control system to South Korean firm Lotte Chemical.
The companies have a business relationship that gives Lotte, formerly known as Honam Petrochemical, the ability to market ZBB systems in parts of South Korea.
“We continue to work closely with Lotte Chemical to develop, manufacture and sell our products in key markets,” Eric Apfelbach, ZBB Energy president and chief executive, said in a statement. “This lab system will allow Lotte to continue gaining knowledge at the system level and demonstrate the products to key customers.”
More than a year ago, Menomonee Falls-based ZBB and Lotte shipped an energy storage system for use in the Jeju Island “smart grid” demonstration project in South Korea. The project is a $220 million investment, including $60 million from the South Korean government.
Jeju Island was selected as a test bed for a national “smart grid” project that aims to reduce carbon emissions and increase energy security for the country. The eventual goal: development of microgrids across the country, with increased use of renewable energy coupled with energy storage and power management.