Search results for BESS
Finance
Shinhan Bank expands green energy cooperation with Shinhan Asset Management, Hyosung Heavy Industries
Shinhan Bank will expand cooperation with Shinhan Asset Management and Hyosung Heavy Industries on global renewable energy projects. The bank said it signed a business agreement on May 8 at TP Tower in Seoul’s Yeouido district to strengthen competitiveness in global energy infrastructure. The partners plan to broaden collaboration in overseas energy infrastructure based on experience managing the Shinhan-Hyosung Global Greenway Fund. Shinhan Bank plans to provide project finance arranging, foreign-currency payment guarantees and derivatives.
AI & Enterprise
Elice Group, Standard Energy target global market with AI PMDC
Elice Group said on Wednesday it signed an MOU with Standard Energy to jointly develop a power solution combining AI modular data centres with vanadium ion batteries. The companies aim to improve power stability, fire safety and energy efficiency amid rising data centre demand driven by the spread of AI services. They will develop modular UPS and BESS systems optimised for PMDCs and advance an AI-based energy management system.
Industry
Energy risks grow amid global war, space data centres draw attention
Energy supply risks in the Middle East following the U.S.-Iran war are raising uncertainty over securing electricity for land-based data centres, prompting interest in orbital data centres as an alternative AI infrastructure. Power demand from data centres is projected to surge by 2030, while costs and regulatory constraints complicate expansion on the ground. Falling launch costs and new solar and cooling technologies are seen as improving feasibility, alongside moves by Nvidia, Google and others.
