Now, imagine the same concept but on a much larger scale—for the entire electricity grid. That’s exactly what a battery energy storage system (BESS) does. Acting like a giant power bank, a BESS stores surplus electricity generated from renewable sources during periods of low demand and releases it when demand peaks. By bridging this gap,…
KOSPI rises, foreigners net buyers Korean won weakens against dollar South Korea benchmark bond yield falls SEOUL, – Round-up of South Korean financial markets: ** South Korean shares rose on Tuesday, tracking overnight gains in Wall Street, but battery makers fell. ** The benchmark KOSPI was up 8.80 points, or 0.34%, at 2,612.22 as of…
Ola Electric Mobility Ltd was betting on its gigafactory to shun dependence on Chinese cells for its batteries. But the company’s capacity expansion is already behind schedule, exposing it to risks of higher costs, loss of government incentives and even technology going obsolete. Ola Cell Technologies Private Ltd (OCT), a wholly owned subsidiary of Ola…