IBM Develops Korea’s renewable energy management system

IBM is collaborating with POSCO ICT to develop South Korea’s first renewable energy management system for a smart grid. As part of South Korea’s national Smart Grid initiative to achieve the vision of “Low carbon, Green growth,” the intelligent renewable energy management system will be installed as a showcase at the Smart Grid Demonstration Complex located on Jeju Island.

Driven by a desire for greater energy security, sustained economic growth, and reduced environmental impact, the Korean government, together with the country’s leading technology companies, has embarked on a bold smart grid strategy.

The Smart Grid initiative, spearheaded by the Jeju Island Smart Grid Demonstration Project, is a comprehensive program that covers Smart Power Grid, Smart Consumers, Smart Transportation, Smart Renewable Energy, and Smart Electricity Services. Its goal is to promote economic growth for the country and set a foundation for Korean companies’ technological strength in the global smart grid market.“POSCO ICT has identified the smart grid business as a key future growth engine,” said Choi Chang-ho, Executive Director, POSCO ICT’s Smart Grid Promotion Group. “Through the collaboration with IBM, POSCO ICT will be able to take a step forward as a leading company in the domestic smart grid market.”

In addition to Jeju Island, POSCO ICT will also leverage IBM’s consulting capability and business analytics and software solutions to develop a renewable energy management system for use in manufacturing facilities such as steel and chemical plants, new industrial complexes and smarter buildings in Korea.

“Collaborating with POSCO ICT to develop South’s Korea’s first smart grid system will advance the development of domestic smart grid technology,” said Kim Nam-gyu, executive director, IBM Korea’s Communications Sector. “IBM will continuously strive to play a significant role to assist Korea in leading these initiatives globally through joint investments and collaborative research.”

In collaboration with IBM, POSCO ICT will adopt IBM business analytics software that will be able to forecast the electricity demand to ensure efficient and accurate production of electricity. IBM will also set up a Web portal for electricity services for customers and system users. IBM will provide products for integrating data across systems to ensure optimized interconnections of the new system with external systems. The project is expected to be completed in December.

POSCO ICT also plans to create a standard for energy management that recognizes that limited resources must be used efficiently, and manage the optimized energy efficiently.