Smart Grid Business

About Smart Grid

A new generation of power network that adds information technology(IT) to an existing power grid enabling real time bidirectional exchange of power related information between power supplier and customer thereby optimizing energy efficiency to create new value add.

  • Power Grid

    Supplier centered unidirectional
    Closed type power platform

    Supplier-centered One way Closed Electricity Platform

  • Information technology (ICT)

    Real Time Information Exchange

    Real Time Information Exchange

  • Smart Grid

    Consumer-centered Two Way Open Business Platform

    Consumer-centered Two Way Open Business Platform

Energy savings mechanism through smart grid Mechanism.

Components

Advanced Smart Meter, electric car charging infrastructure, distributed power(battery),real-time fee system, self-healing capability of power grid, production and sale of renewable energy, DV power supply system

Birds eye view of smart grid city

Background

Improving energy efficiency

By establishing smart grid, distribution and control of power demand is possible thus energy utilization can be improved

 

Need for smart grid

· Efficient utilization of energy resources

· Securing reserve margin and reliability of power grid

· Establishing basis for expanding supply of environment friendly power(renewable, distributed power)

· Providing nonstop high quality power service

Smartgrid advantages and disadvantages

Advantages

· Lower electricity costs

· Higher energy efficiency

· Establishing basis for expanding renewable energy

Disadvantages

· Security problems resulting from connection to Internet

Expected effects of smart grid

Household and industry

· Saving electricity usage and cost of electricity quality deterioration

Power industry

· Reducing new power generation investment and power transmission/distribution losses, creating new business such as energy savings consulting

New industries

· Establishing electric car supply infrastructure, smart grid facilities investment effect(2012~13, 20 trillion KRW)