The string of fires that shook up South Korea’s booming energy storage market throughout 2018 brought development to a screeching halt this year. Throughout the lackluster first half of 2019, manufacturers, installers and analysts remained cautiously hopeful that a government investigation into the fires might plant the seed for late-year market growth. However, another outbreak of fires in the months since the conclusion of the probe has shaken industry morale once again, snuffing out any lingering hopes for a quick recovery.
The aftermath of a fire at a battery installation in South Korea’s Chungcheongbuk province. A string of fires has brought the nation’s energy storage market to a standstill.
Image: North Chungcheong Province Fire Service Headquarters
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