South Korea's semiconductor industrial complex sees surging electricity demand, with the domestic ESS market expected to exceed 40 trillion KRW

Odaily Planet Daily News: South Korea's Ministry of Climate, Energy and Environment has begun formulating an early power supply plan for the new semiconductor industrial complex in the Honam region, and plans to determine new Energy Storage System (ESS) and pumped-storage hydropower projects through the 12th Basic Plan for Power Supply and Demand. The 11th Basic Plan for Power Supply and Demand estimated that, considering the construction of the Yongin semiconductor industrial complex, South Korea would require a total of 21.75GW of long-duration energy storage systems by 2038. The South Korean government previously disclosed a first-phase power supply target of 6.3GW for the southwestern semiconductor fab cluster. Industry insiders in South Korea expect the domestic ESS market to expand to over 40 trillion KRW in the future. (ZDNet Korea Semiconductor).