Business · Companies · 1 hr ago
KIND and partners agree to develop energy storage project in Ireland
South Korea’s KIND and three partners agreed to develop an energy storage project in Ireland.
The partners are Shinhan Asset Management, Hyosung Heavy Industries and Ireland’s Lumcloon Energy.
The planned battery system will be built in Coolpowra, County Galway, to store electricity and supply it when needed.
The partners will work on permits, grid connections and financing for the project.
Energy storage can help make renewable power, including wind, more reliably available.
The project could also help South Korean companies expand in Europe’s energy infrastructure market.
The partners have agreed to cooperate, but no construction timetable or project cost was given.
KIND and three partners agreed to jointly develop an energy storage project in County Galway, Ireland.
The agreement covers a battery energy storage system in the Coolpowra area.
The system is intended to store electricity and supply it when needed.
The partners will cooperate on permits, grid connections and financing.
They aim to support reliable use of renewable energy and expand Korean companies’ access to Europe’s energy infrastructure market.
- Who
- KIND, Shinhan Asset Management, Hyosung Heavy Industries and Ireland’s Lumcloon Energy.
- What
- They signed an agreement to jointly develop a battery energy storage system.
- When
- The agreement was signed on November 10, 2026, and announced on November 11.
- Where
- The project is planned for the Coolpowra area of County Galway, Ireland. The agreement was signed at the Irish Embassy in South Korea.
- Why
- To store electricity for supply when needed, support reliable use of renewable energy and expand Korean companies’ access to Europe’s energy infrastructure market.
This story does not have two clearly opposing sides.
KIND and its three partners signed an agreement at the Irish Embassy in South Korea.
KIND announced the agreement.
- Partners
- KIND, Shinhan Asset Management, Hyosung Heavy Industries and Lumcloon Energy
- Project
- Battery energy storage system
- Location
- Coolpowra area, County Galway, Ireland
- Agreement signed
- November 10, 2026
- Planned cooperation
- Permits, grid connection and financing