We are proud to share that Standard Energy has received two major ministerial citations from the Korean government—one from the Ministry of Climate, Energy and Environment, and one from the Ministry of Trade, Industry and Energy—recognizing our contribution to establishing a new ecosystem for the energy-transition sector.

As the world’s first company to develop and commercialize a Vanadium Ion Battery (VIB) built specifically for Energy Storage Systems (ESS), Standard Energy was acknowledged for pioneering a new technical category in the energy industry. Our VIB platform addresses the fundamental safety and longevity limitations of conventional lithium-based ESS technologies, while enabling next-generation applications such as AI data-center power infrastructure and grid modernization.

Standard Energy was selected for Korea’s regulatory-sandbox program in 2021 and demonstrated VIB ESS in ultra-fast EV charging environments for more than 21 months in Apgujeong, Seoul with zero safety incidents.

The project proved the operational stability of an entirely new battery chemistry and set the stage for standards development, certification, and commercial deployment.

Building on this success, in 2024 we secured additional sandbox approval to deploy VIB ESS at LPG stations, partnering with E1 to introduce a new model of distributed, ESS-enabled ultra-fast EV charging.

This month, Standard Energy also received a commendation from the Mayor of Daejeon for its contribution to a public-sector demonstration at Guam Station on Metro Line 1.

The VIB ESS installed at the station stores electricity during off-peak hours and supplements power during peak times, improving the station’s overall energy efficiency.

Thanks to the battery’s inherent non-flammability and high thermal stability, the system was safely deployed in a dense urban environment near the Yuseong Express Bus Terminal—a location where traditional ESS technologies face significant safety constraints.

Over the past three months of operation, the installation recorded zero thermal-runaway events and has become a reference site for industry and government stakeholders. Delegations from Bhutan and the Asian Development Bank recently visited the site to study Korea’s next-generation ESS model.

Bu-Gi Kim, CEO of Standard Energy, shared:
“Korean scientists and engineers created the Vanadium Ion Battery from the ground up. Through the regulatory sandbox, we secured the validation needed to build standards, obtain certification, and commercialize this technology. As society’s expectations for VIB ESS grow, we feel an equally strong responsibility to accelerate R&D and deployment to contribute to the global energy transition.”