17-02-2025
SK companies launch first US energy storage project in Texas
Korean conglomerate SK Group's two energy units — SK Gas and SK Eternix — have launched their first electricity storage system project in the United States.
SK Gas announced on Monday that their joint venture with US-based Apex Clean Energy, called SA Grid Solutions, has begun collecting electricity in southern Texas. The milestone comes one year after the formation of the joint venture in January 2024.
The facility, which consists of 34 inverters and 340 batteries capable of storing 100 megawatts, will help maintain a stable energy supply for local residents by mitigating supply gaps during periods of fluctuating demand.
Starting with the southern Texas project, SK Gas and SK Eternix plan to expand their ESS operations across the US. GS Gas is a specialist in gas trading, while SK Eternix is a leading ESS operator.
Their goal is to expand the total project capacity to 900 MW by 2029, accumulating operational experience in both ESS management and electricity trading. This experience will be instrumental when Korea launches its own electricity market in the future.
'With the ability to address the volatility of renewable energy, ESS projects will become increasingly important as the world transitions to cleaner energy,' said SK Gas Representative Director Yoon Byung-suk.
'The first commercial operation of this joint venture signals SK's strong entry into the North American ESS and electricity trading markets. SK Gas will continue to explore opportunities in eco-friendly energy sectors, such as ESS and hydrogen energy.'
