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Hyundai Motor Group will operate a 2 MWh energy storage system (ESS) built with recycled electric vehicle (EV) batteries to store electricity to be generated by a planned solar power plant before transmitting it to an external power grid.
The solar power plant and the ESS will be built at Hyundai's plant in Ulsan.
The carmaker is also pushing for the diffusion of 3 GWh ESSs reusing EV batteries through a verification project to be implemented with Korea Hydro & Nuclear Power.
Green energy company OCI will also enter the distributed energy market through Hyundai's EV battery recycling ESSs.
OCI Power, a subsidiary of OCI, has installed Hyundai Motor Group's 300 kWh ESS at a 727 kW solar power plant of another OCI subsidiary, OCI Specialty, in Gongju.
