The South Korean government, under the auspices of its carbon neutrality and energy transition goals, has launched the 2025 1st ESS Central Contract Market auction, marking an evolution in the country’s battery energy storage system strategy. South Korea has committed to increasing renewable energy capacity while maintaining grid stability.
The ESS market in Korea is designed as a centralized auction system the Korea Power Exchange (KPX) administers, where winning bidders enter into 15-year fixed-capacity contracts to supply standby grid support.
South Korea launches 2025 ESS auction offering 540 MW capacity with 15-year contracts. Learn key requirements, selection criteria, and post-award restrictions.
Under the 11th Basic Plan for Electricity Supply and Demand, Korea intends to continue ESS procurement through the Central Contract Market mechanism, totaling 2.1 GW on the mainland between 2026 and 2029, and 0.12 GW in Jeju between 2026 and 2028. In light of this plan, further rounds of ESS auctions are expected in the coming years.
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The project is expected to cost about $725 million (1 trillion won) and will be awarded based on both pricing and non-price factors, such as contributions to domestic industry and …
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Go-To Guide: South Korea launched the 2025 1st ESS Central Contract Market auction, offering 540 MW of capacity for energy storage projects across the mainland and Jeju. …
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