What do artificial intelligence (AI) and self-driving vehicles have in common? They're both energy guzzling machines.
This reason alone makes battery and energy storage system (ESS) developers the determining factor for success in the age of the 4th Industrial Revolution, said Kim Bu-gi, CEO of Standard Energy, a company that produces large-scale secondary batteries for ESS.
"We're aiming to become the 'Tesla of Korea' by tackling both efficiency and safety, something existing battery makers weren't able to achieve," said Kim.