Korea Zinc, Hanwha to co-work on Austrailian BESS project

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Korea Zinc, Hanwha to co-work on Austrailian BESS project - Korea Economic Daily

Quick Summary:

Korea Zinc Inc., the world’s top lead and zinc smelter, said on Tuesday its Australian subsidiary Ark Energy selected Hanwha Corp.as the preferred negotiation partner for its local battery energy storage system (BESS) project.

Korea Zinc and Hanwha Group established a strategic partnership in September 2022 through a share exchange between Ark Energy and Hanwha Impact Co.'s US subsidiary, HPS Global.

According to the contract, the project will provide up to 275 MW of power capacity and 2,200 MWh of energy storage services to the New South Wales power market for 14 years, for 8 hours daily.