What does the 2025 Bess tender mean for Korea?

The 2025 tender builds on the government’s initial foray into centralized BESS contracts, launched in 2023 with a 65MW, 4-hour project on Jeju Island. That project represented a turning point, establishing a new model for how low-carbon resources can be procured and integrated into Korea’s power system.

Is South Korea a Bess supplier?

South Korea is also a major exporter of batteries and energy storage technologies, with Samsung SDI and LG Energy Solution among significant suppliers of products from cells to complete BESS solutions internationally. According to the newest Basic Plan, the country aims to capture a 30% share of the global BESS market by 2036.

How many global Bess tenders are there?

We have identified 43 global bess tenders from the public procurement domain worldwide. View the latest global tenders for bess from Africa, the Americas, Asia, Australia, Europe, the Middle East, and other countries.

Why do we need a Bess contract in 2025?

Strengthening the domestic BESS landscape not only supports internal resilience but also serves as a proving ground for exported technologies. The 2025 tender builds on the government’s initial foray into centralized BESS contracts, launched in 2023 with a 65MW, 4-hour project on Jeju Island.

How much does Bess cost?

The cost of BESS has fallen significantly over the past decade, with more precipitous drops in recent years: This is nearly a 70% reduction in three years, owing to falling battery pack prices (now as low as $60-70/kWh in China), increased deployment, and improved efficiency.

How many MW of Bess will be installed on Jeju Island?

The capacity will be split between 500MW of large-scale BESS on the Korean mainland and 40MW of the technology on Jeju Island, a popular destination for domestic and international tourists.