Alfa Laval and IAE partner to deploy South Korea's first large-scale liquid air energy storage plant

The partnership between Alfa Laval and Suwon-based IAE establishes South Korea's inaugural large-scale liquid air energy storage facility, marking a pioneering market entry for the technology. Alfa Laval contributes its specialized cryogenic equipment, essential for the energy storage process, while IAE provides critical system design and local engineering expertise for the South Korean project. This division of labor allows each partner to leverage core competencies, accelerating the development of a novel energy solution within the South Korean grid. The undisclosed value of this development-stage agreement, announced 2026-03-03, suggests a focus on proving out the technology and market viability before broader commercialization. For Alfa Laval, a global provider of specialized products in heat transfer and fluid handling, this South Korean project expands its infrastructure footprint into the nascent liquid air energy storage sector. The Institute for Advanced Engineering (IAE), established in Suwon in 1986, directly applies its R&D in energy & environment and convergence technologies to a tangible, large-scale deployment. IAE moves its next-generation infrastructure research from concept to practical application within South Korea, while Alfa Laval secures a position in a new, high-potential energy storage market. Both entities position themselves at the forefront of South Korea's evolving energy storage landscape with this development.