Friday, September 4, 2015
ICT-energy convergence and the SK new Telecom- KEPCO agreement
As The Korea Times article notes,"SK Telecom, the nation's top mobile carrier . . . will work with Korea Electric Power Corp. (KEPCO) for new growth businesses including smart energy management systems. Under the agreement, the telecom company and the state-run power operator will jointly establish the next-generation electricity infrastructure and develop the smart grid systems based on the information and communication technology and energy technologies." Further detail provided in the article includes the following. "Under the agreement, the two companies will work to upgrade the advanced metering infrastructure, enhance energy consumption efficiency through telecom technologies and built nationwide smart grid by introducing smart technologies on electricity grids.SK Telecom and KEPCO will also build the "Bitgaram Energy Valley" district in Naju, South Jeolla Province, where the KEPCO headquarters is located, to promote mutual growth with smaller companies and the local economy. SK Telecom said it will open a laboratory to support research and development activities by small companies."