Deals Counterparts

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

Partnership Storage announced South Korea Mar 3, 2026
development
Stage

Alfa Laval partnered with IAE to deploy South Korea's first large-scale liquid air energy storage facility, combining Alfa Laval's cryogenic equipment with IAE's system design and local engineering.

Get daily storage deal alerts — free, no spam.

Subscribe to access full counterpart details, deal analysis, and timeline.

Subscribe from €20/mo →

Deal Analysis

Alfa Laval and IAE announced a partnership on 2026-03-03 to deploy South Korea's first large-scale liquid air energy storage plant. The collaboration combines Alfa Laval's cryogenic equipment with IAE's system design and local engineering. Deal value was not disclosed.
  • Alfa Laval and IAE partnership announced 2026-03-03.
  • Deployment of South Korea's first large-scale liquid air energy storage plant.
  • Alfa Laval provides cryogenic equipment; IAE provides system design.
  • Deal value undisclosed.

Source Intelligence

KEY DETAILS

The LAES system will liquefy up to 10 tons of air per day for long-duration grid balancing. The collaboration will combine Alfa Laval’s cryogenic equipment with IAE’s system design, integration and local engineering work. Alfa Laval will supply key cryogenic components tailored for extreme low-temperature duty, including brazed aluminum plate heat exchangers and a ten-stage vertical high-pressure cryogenic pump. The project is described as a pioneering project aimed at setting a new benchmark for energy efficiency and sustainability in the country. The collaboration is framed as a step toward commercial-scale deployment of cryogenic storage in South Korea.

Capacity
While neither partner disclosed a power rating, storage duration, project location, or commissioning timetable in the announcement
Location
South Korea’s first large-scale liquid air energy storage (LAES) facility
Announcement
Announced on March 3, 2026
COD
While neither partner disclosed a power rating, storage duration, project location, or commissioning timetable in the announcement
PARTIES MENTIONED IN SOURCE
A
Alfa Laval partner

"Alfa Laval has partnered with South Korea’s Institute for Advanced Engineering (IAE)"

I
Institute for Advanced Engineering (IAE) partner

"Alfa Laval has partnered with South Korea’s Institute for Advanced Engineering (IAE)"

high quality Enriched Mar 9, 2026

Timeline

Announced
Mar 3, 2026
Signed
Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Subscribe from €20/mo →
Track Storage deals