AVEL commits to a green future with sustainable energy solutions.

By Oliver Townsend Jun 25, 2024
AVEL commits to achieve sustainable future with green energy.pngOrginal image from: https://www.koreatimes.co.kr/www/tech/2024/06/419_377375.html

AVEL, a subsidiary of LG Energy Solution, is dedicated to achieving a sustainable future through the use of green energy. The company focuses on distributing eco-friendly energy through energy storage system (ESS)-based power plants. AVEL recently obtained the first standalone ESS power plant permit in Korea from Korea Electric Power Corp, allowing them to store and release electricity generated from renewable sources at any time, optimizing power production and consumption.

AVEL’s Focus on Renewable Energy

As an energy aggregation (EA) company, AVEL aims to manage integrated renewable energy grids by leveraging LG Energy Solution’s battery business capabilities. Located on Jeju Island, where renewable energy is widely used, AVEL plans to expand their operations nationwide after establishing themselves on the island. The company is actively involved in various eco-friendly renewable energy projects such as solar and ocean energy, with the goal of contributing to a cleaner and more sustainable energy landscape.

Strategies for Sustainable Energy Management

To ensure the stable management of Jeju’s power grid, AVEL is working on creating a power grid control tower that can accurately predict renewable energy supply and demand. By reducing variability and increasing the safety and economic efficiency of the power system, AVEL aims to play a crucial role in advancing renewable energy distribution and stabilizing the power grid not just on Jeju Island, but across the country.

Partnerships for Progress

AVEL has signed a memorandum of understanding (MOU) with Jeju Energy Corporation to collaborate on power grid stabilization on the island. Through this partnership and their technological leadership, AVEL aims to provide differentiated services to customers using advanced prediction technology in renewable energy. By taking the lead in expanding renewable energy distribution and stabilizing the power system, AVEL is committed to driving positive change in the energy sector.

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