LS Materials and LS Electric are taking steps to secure next-generation grid stabilization technology to address instability in power networks caused by the expansion of artificial intelligence data centers (AIDC) and renewable energy sources.
On November 9, LS Materials announced that it signed a memorandum of understanding (MOU) with LS Electric for the development and demonstration of E-STATCOM technology. This initiative comes as the importance of grid stabilization technology rises due to the volatility of power generation from renewable sources like solar and wind, as well as the significant load fluctuations caused by the increasing number of AIDCs.
E-STATCOM is an advanced system that integrates the voltage stabilization capabilities of traditional STATCOM with the rapid charge and discharge characteristics of ultracapacitors (UC). It can respond immediately to fluctuations in voltage and frequency, as well as sudden imbalances in power supply and demand.
The two companies will jointly develop E-STATCOM by combining LS Electric's power conversion and system control technologies with LS Materials' large-capacity UC systems. Following demonstrations to verify the technology's reliability, they plan to pursue localization of the system.
A representative from LS Materials stated, "The global STATCOM market is expected to expand to $2 billion by 2030," adding, "We aim to leverage synergies among our group companies to quickly lead the emerging E-STATCOM market."
* This article has been translated by AI.
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