Gaon Group Becomes Second Largest Shareholder of Mokyuratec... "Cooperation in Developing ESS Control Monitoring System"

Gaon Group, a total solution company specializing in artificial intelligence (AI), announced on the 26th that it has made an additional equity investment in Mokyuratec, a lithium-ion secondary battery solution venture company.

With this additional investment, Gaon Group's shareholding increased from the previous 14.29% to 33.18%, making it the second largest shareholder. Gaon Group plans to strengthen its strategic partnership with Mokyuratec.

The two companies will begin development of an "AI-based Energy Storage System (ESS) control monitoring system" as their first project. This is an integrated management system designed to secure safety against the biggest drawbacks of ESS based on lithium-ion batteries?fire and explosion risks?and to maximize operational efficiency. They plan to combine Mokyuratec's BBM (Battery Balancing Module) technology with Gaon Group's AI and remote network management solutions.

In the industry, as the energy paradigm rapidly shifts to renewable energy and the electric vehicle market faces a chasm (temporary demand slowdown), interest and expectations for ESS are increasing. At the same time, concerns about ESS fire accidents are growing, making it urgent to find solutions to safety issues.

Mokyuratec's BBM solution can be applied not only to ESS but also to all fields where lithium-ion batteries are used, such as electric vehicles. It is a management technology based on the battery's State of Health (SoH), which is essential for safe use and performance assurance of batteries. Recently, Mokyuratec successfully carried out a technology development and demonstration project to improve ESS safety using reused batteries in collaboration with Korea Electric Power Technology, KEPCO KPS.

A company official stated, "As we discovered synergy points through business discussions in the secondary battery field with Mokyuratec since last year, we decided to make an additional equity investment to strengthen cooperation. We will successfully develop differentiated solutions and promote commercialization by combining Gaon Group's business know-how with the technical strengths of both companies."