KLNE Group Sign Agreement With LS ELECTRIC To Expand Global BESS Business

Dowell Parent company KLNE Group today announced that it has signed an agreement with KOREA largest electrical company LS ELECTRIC to co-develop and invest in power generation with integrated battery energy storage systems (BESS).   Affected by COVID-19, face-to-face communication is not allowed, the cooperation ceremony has been completed through a digital agreement signed by LS ELECTRIC CEO Ja-Kyun Koo at LS Tower in Seoul, Korea and KLNE group President Yu Zhonglan at LS ELECTRIC’s Shanghai office through “Noncontact” technology of online video mode.       Background   KLNE GROUP，Parent Company of Dowell Technology, Founded in 2009, SINO-US company, a leader in the research and development of Solar inverters with larger dedicated R & D team in the industry with over 50 countries power installations. Dowell, as its wholly-owned subsidiary, one of the leading manufacturers of PCS (Power Conditioning System) for ESS in China, offering PCS and energy storage solution for utility-scale, commercial, and residential applications. With more than 1Gwh BESS project experiences, Dowell get much more cooperation chances and projects with big global player in this industry.   LS ELECTRIC, established in 1974, located in South Korea. LS ELECTRIC has been deeply involved in the field of power and automation for many years. It has a full line (Full Line-Up) product system from low-voltage to ultra-high-voltage power equipment, and has a variety of automation solutions that can improve production efficiency. Now LS ELECTRIC has been selected as the world's top 100 innovative companies for 9 consecutive years.