KIND

KIND Expands U.S. Energy Market Presence... 

200MWh Runnels BESS Breaks Ground on AI Power Demand

- Expanding energy infrastructure investment in U.S. through combined equity and loan investment

- "Team Korea" joint entry with Korea Southern Power, Alpha Asset Management, and KBI Group

  Korea Infrastructure Development Corporation (President Kim Bok-hwan, hereinafter "KIND") announced that a large-scale Battery Energy Storage System (BESS) project in Texas, in which it is making equity and loan investments, held its groundbreaking ceremony on the 23rd and has entered full-scale construction phase, as part of its expanded investment in the U.S. energy infrastructure market.

  This project involves constructing a BESS facility with a capacity of approximately 200MWh, serving as a core energy infrastructure project that supports power supply stability and renewable energy expansion in the United States.

  Runnels County, Texas, where the project is located, is experiencing rapidly increasing power demand due to AI industry growth and data center expansion, while the importance of BESS to compensate for power supply volatility from increased renewable energy penetration is becoming increasingly prominent. KIND pursued investment in this BESS project to proactively respond to these changing market conditions.

  This investment is part of KIND's key strategy to expand U.S. business investments, aimed at diversifying its business portfolio in the U.S. market amid the global energy transition and strengthening overseas infrastructure entry through public-private partnerships.

  The project is jointly invested by "Team Korea," consisting of Korea Southern Power, Alpha Asset Management, and KBI Group, and is significant in supporting Korean companies' (HD Hyundai Electric) EPC contract wins, expanding K-Battery (LG Energy Solution) overseas entry, and promoting mid-sized companies' participation in overseas investment.

  In particular, KIND has performed its role as a public platform supporting Korean companies' entry into overseas energy infrastructure markets by enhancing project stability and viability through financial structure design and investment participation from the project's early stages in 2023.

  A KIND official stated, "The United States is a key market where energy transition and power infrastructure investment are expanding simultaneously," adding, "We will continue to expand U.S. investment following this Texas BESS project investment and actively discover energy and infrastructure projects in the U.S. through various forms of financial support."

  KIND plans to continue expanding strategic investments in major overseas markets, including the United States, focusing on renewable energy, energy storage systems, and eco-friendly infrastructure sectors, while continuously building overseas infrastructure investment models that consider both public interest and profitability.