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The government will invest 2 trillion won in analysis and development (R&D) and invest 4.4 trillion won in building up infrastructure each in the next 10 years along with private companies, the Ministry of Knowledge Economy stated in a statement.
The plan is aimed at nurturing an indigenous market for energy storage system (ESS), according to the statement.
Energy storage facilities will be of greater significance down the road as renewable energies are expected to have more portion of total power demand. Green energies such as solar and wind power have much volatility in generating electricity depending on weather conditions.
The ministry stated energy storage is a key factor to stabilize supply and demand of renewable energies when the rate of their use tops 10 percent of total electricity use, adding better storage of power will optimize energy efficiency.
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2 评论:
Thats a nice plan I would say. And the most important aspect of life is to conserve energy.
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