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KT Focuses on Smart Energy Business Based on MEG Platform
Published2016.03.28 06:27Business differentiation in energy efficiency, new and renewable energy, demand management, energy IoT, EV charging, etc.
The government plans to strongly promote the development of new energy industries by enacting the Special Act on the Promotion of New Energy Industries. It has decided to reduce greenhouse gas emissions by 37% compared to the Business As Usual (BAU) scenario by 2030. This reflects a determination not to fall behind global trends.
To this end, the plan is to first establish an 'Energy Prosumer Power Market' to enable the sale of small-scale electricity generated by individuals or buildings, and to expand it nationwide. Additionally, the plan aims to improve electric vehicle performance by 2.5 times to supply 1 million pure electric vehicles by 2030 and replace 33,000 city buses with electric vehicles. Furthermore, to revitalize the ESS (Energy Storage System) market, a key element of the new energy industry, the plan intends to increase the ESS capacity to 10 GWH by 2030 and actively support not only the expansion of infrastructure for widespread adoption but also exports.
▲ Yoo Yang-hwan, Head of Smart Energy Business Division
Along with such government support policies, private companies are also moving swiftly, with the ICT industry, led by KT, identifying and pursuing new energy businesses to secure new growth engines. KT announced that it will differentiate itself in the new energy business market based on its ICT capabilities.
The KT-MEG Center (Energy Integrated Control Center), which opened last December, integrates and controls production, consumption, and trading. It aims to accommodate and optimally operate various smart energy services, such as renewable energy, energy efficiency, and demand resource services. To this end, 35 energy specialists are stationed 24 hours a day, enabling rapid response to failures for KT customers using energy solutions in all regions, both domestically and internationally.
KT-MEG Center provides economical real-time integrated operation management services based on energy IoT and the cloud, big data-based intelligent analysis engine technology, and integrated management functions for individual services to customers at an economical cost for the optimal operation of all smart energy services. Currently, KT-MEG Center provides real-time integrated monitoring of approximately 1,700 sites, including renewable energy, energy efficiency, electric vehicle charging, and demand resource operation. In the future, it plans to expand and enhance its capabilities by additionally integrating various energy solutions such as ESS (Energy Storage Systems) and AMI (Advanced Metering Infrastructure).
▲ Case Study of KT's Industrial Complex Efficiency Project
In addition, KT signed an agreement with Korea Electric Power Corporation last year to promote a remote meter reading pilot project using an LTE communication network, achieved a reading success rate of nearly 100%, and won the KEPCO high-voltage LTE remote meter reading project in March.
KT is currently carrying out a project in conjunction with the Smart Grid Expansion Project promoted by the Ministry of Trade, Industry and Energy, alongside the "Smart Industrial Complex Construction Plan," which involves establishing communication infrastructure such as dedicated LTE networks and Wi-Fi, as well as energy efficiency systems, in the Banwol and Sihwa Industrial Complexes, where key SMEs in the machinery and electrical/electronic industries are concentrated. Through this project, KT plans to provide ICT convergence energy efficiency services to make large industrial complexes, which are the main culprits of greenhouse gas emissions, more eco-friendly.
Also pursuing various new and renewable energy projects in partnership with small and medium-sized enterprises
In line with the trends in renewable energy, such as solar power, KT is pursuing various renewable energy projects by partnering with excellent small and medium-sized enterprises that possess core technologies related to renewable energy. Starting with the construction of the 7.5MW Daecheok Solar Power Plant in 2014, the company has secured references for various types of projects, including Roof-Top solar power plants utilizing chicken farm roofs and floating solar power plants utilizing the idle surface of reservoirs. Furthermore, it is gradually expanding its business scope by participating in renewable energy convergence support projects and building support projects organized by the Korea Energy Agency.
Recently, we have established solar power plants at logistics centers in Jangseong, Jeonnam and Icheon, Gyeonggi-do to demonstrate an IPP (Independent Power Plant) business that directly promotes solar production and sales, and to develop an optimal operating system for ESS (Energy Storage Systems), which is essential for new and renewable energy. We are also formulating plans to continuously expand by utilizing office buildings and idle sites scattered throughout the country.
▲ KT MEG demonstration
KT is pursuing global business targeting the Asian region in the fields of new and renewable energy and energy efficiency. Asian countries such as Thailand and the Philippines have announced roadmaps for new and renewable energy projects and policies regarding the Feed-in Tariff system with the goal of reducing dependence on fossil fuels and cutting energy imports.
Accordingly, various energy-related businesses, including manufacturers of solar modules and energy storage systems and IT companies, are actively seeking to enter the renewable energy market in Asia. KT is also accelerating the construction and operation of solar power plants and energy storage systems (ESS), as well as the development of Advanced Metering Infrastructure (AMI) businesses. The solar residential supply project in Quang Binh Province, Vietnam, and the AMI project in Uzbekistan, both awarded in 2015, are examples demonstrating the fruits of KT's efforts to expand into the global energy business.
Advanced charging services and development of convergence services utilizing ICT related to electric vehicles
On July 23, 2015, KT jointly established Korea Electric Vehicle Charging Service Co., Ltd. with six companies including Korea Electric Power Corporation, Hyundai Motor Company, and Kia Motors to create a private electric vehicle charging market and is developing advanced charging services and convergence services utilizing ICT in line with the expansion of electric vehicle adoption.
Korea Electric Vehicle Charging Service aims to contribute to the adoption and expansion of the electric vehicle market by installing and operating approximately 300 electric vehicle charging stations by 2020 based on the capabilities of each shareholder and supplying approximately 100,000 electric vehicle charging facilities to the private and public sectors.
KT plans to soon introduce the world's first mobile charging service utilizing Internet of Things (IoT) technology in Korea through cooperation with Powercube, a small and medium-sized enterprise.
In addition, KT plans to develop and launch subscriber-based charging services and various convergence value-added services. First, we plan to promote the convenience of electric vehicle users by providing convenient charging services based on ICT and communication service capabilities, and in the future, we plan to pursue eco-friendly and future-oriented businesses through the convergence of existing industries and new energy industries, such as smart cars, autonomous driving, trading of electricity stored in electric vehicles, and renewable energy.
The government plans to strongly promote the development of new energy industries by enacting the Special Act on the Promotion of New Energy Industries. It has decided to reduce greenhouse gas emissions by 37% compared to the Business As Usual (BAU) scenario by 2030. This reflects a determination not to fall behind global trends.
To this end, the plan is to first establish an 'Energy Prosumer Power Market' to enable the sale of small-scale electricity generated by individuals or buildings, and to expand it nationwide. Additionally, the plan aims to improve electric vehicle performance by 2.5 times to supply 1 million pure electric vehicles by 2030 and replace 33,000 city buses with electric vehicles. Furthermore, to revitalize the ESS (Energy Storage System) market, a key element of the new energy industry, the plan intends to increase the ESS capacity to 10 GWH by 2030 and actively support not only the expansion of infrastructure for widespread adoption but also exports.
▲ Yoo Yang-hwan, Head of Smart Energy Business Division
Along with such government support policies, private companies are also moving swiftly, with the ICT industry, led by KT, identifying and pursuing new energy businesses to secure new growth engines. KT announced that it will differentiate itself in the new energy business market based on its ICT capabilities.
The KT-MEG Center (Energy Integrated Control Center), which opened last December, integrates and controls production, consumption, and trading. It aims to accommodate and optimally operate various smart energy services, such as renewable energy, energy efficiency, and demand resource services. To this end, 35 energy specialists are stationed 24 hours a day, enabling rapid response to failures for KT customers using energy solutions in all regions, both domestically and internationally.
KT-MEG Center provides economical real-time integrated operation management services based on energy IoT and the cloud, big data-based intelligent analysis engine technology, and integrated management functions for individual services to customers at an economical cost for the optimal operation of all smart energy services. Currently, KT-MEG Center provides real-time integrated monitoring of approximately 1,700 sites, including renewable energy, energy efficiency, electric vehicle charging, and demand resource operation. In the future, it plans to expand and enhance its capabilities by additionally integrating various energy solutions such as ESS (Energy Storage Systems) and AMI (Advanced Metering Infrastructure).
▲ Case Study of KT's Industrial Complex Efficiency Project
In addition, KT signed an agreement with Korea Electric Power Corporation last year to promote a remote meter reading pilot project using an LTE communication network, achieved a reading success rate of nearly 100%, and won the KEPCO high-voltage LTE remote meter reading project in March.
KT is currently carrying out a project in conjunction with the Smart Grid Expansion Project promoted by the Ministry of Trade, Industry and Energy, alongside the "Smart Industrial Complex Construction Plan," which involves establishing communication infrastructure such as dedicated LTE networks and Wi-Fi, as well as energy efficiency systems, in the Banwol and Sihwa Industrial Complexes, where key SMEs in the machinery and electrical/electronic industries are concentrated. Through this project, KT plans to provide ICT convergence energy efficiency services to make large industrial complexes, which are the main culprits of greenhouse gas emissions, more eco-friendly.
Also pursuing various new and renewable energy projects in partnership with small and medium-sized enterprises
In line with the trends in renewable energy, such as solar power, KT is pursuing various renewable energy projects by partnering with excellent small and medium-sized enterprises that possess core technologies related to renewable energy. Starting with the construction of the 7.5MW Daecheok Solar Power Plant in 2014, the company has secured references for various types of projects, including Roof-Top solar power plants utilizing chicken farm roofs and floating solar power plants utilizing the idle surface of reservoirs. Furthermore, it is gradually expanding its business scope by participating in renewable energy convergence support projects and building support projects organized by the Korea Energy Agency.
Recently, we have established solar power plants at logistics centers in Jangseong, Jeonnam and Icheon, Gyeonggi-do to demonstrate an IPP (Independent Power Plant) business that directly promotes solar production and sales, and to develop an optimal operating system for ESS (Energy Storage Systems), which is essential for new and renewable energy. We are also formulating plans to continuously expand by utilizing office buildings and idle sites scattered throughout the country.
▲ KT MEG demonstration
KT is pursuing global business targeting the Asian region in the fields of new and renewable energy and energy efficiency. Asian countries such as Thailand and the Philippines have announced roadmaps for new and renewable energy projects and policies regarding the Feed-in Tariff system with the goal of reducing dependence on fossil fuels and cutting energy imports.
Accordingly, various energy-related businesses, including manufacturers of solar modules and energy storage systems and IT companies, are actively seeking to enter the renewable energy market in Asia. KT is also accelerating the construction and operation of solar power plants and energy storage systems (ESS), as well as the development of Advanced Metering Infrastructure (AMI) businesses. The solar residential supply project in Quang Binh Province, Vietnam, and the AMI project in Uzbekistan, both awarded in 2015, are examples demonstrating the fruits of KT's efforts to expand into the global energy business.
Advanced charging services and development of convergence services utilizing ICT related to electric vehicles
On July 23, 2015, KT jointly established Korea Electric Vehicle Charging Service Co., Ltd. with six companies including Korea Electric Power Corporation, Hyundai Motor Company, and Kia Motors to create a private electric vehicle charging market and is developing advanced charging services and convergence services utilizing ICT in line with the expansion of electric vehicle adoption.
Korea Electric Vehicle Charging Service aims to contribute to the adoption and expansion of the electric vehicle market by installing and operating approximately 300 electric vehicle charging stations by 2020 based on the capabilities of each shareholder and supplying approximately 100,000 electric vehicle charging facilities to the private and public sectors.
KT plans to soon introduce the world's first mobile charging service utilizing Internet of Things (IoT) technology in Korea through cooperation with Powercube, a small and medium-sized enterprise.
In addition, KT plans to develop and launch subscriber-based charging services and various convergence value-added services. First, we plan to promote the convenience of electric vehicle users by providing convenient charging services based on ICT and communication service capabilities, and in the future, we plan to pursue eco-friendly and future-oriented businesses through the convergence of existing industries and new energy industries, such as smart cars, autonomous driving, trading of electricity stored in electric vehicles, and renewable energy.
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