South Korea’s burning issue
The string of fires that shook up South Korea’s booming energy storage market throughout 2018 brought development to a screeching halt this year. Throughout the lackluster first half of 2019, manufacturers, installers and analysts remained cautiously hopeful that a government investigation into the fires might plant the seed for late-year market growth. However, another outbreak of fires in the months since the conclusion of the probe has shaken industry morale once again, snuffing out any lingering hopes for a quick recovery.
With the South Korean Ministry of Trade, Industry and Energy’s (MOTIE) investigative report into the fires now done and dusted – and leading manufacturers such as Samsung SDI and LG Chem announcing new safety and fire-suppression measures – it is clear that the industry is on the right path forward. Nonetheless, as the year draws …
Advertisement
Advertisement
Advertisement
Advertisement