Korea is the fifth country in the world to have developed a new domestic energy management system (EMS), following the United States, Germany, France, and Japan.
The Korea Electrotechnology Research Institute (KERI) announced on Nov. 24 that it set up an advanced EMS application program in Korea Power Exchange for application to its system operation.
The institute invested 37.5 billion won (US$33.7 million) during the development phase to come up with the commercial application program optimized in real time. It also comes with system analysis, a dispatcher training simulation, and supervisory control and data acquisition (SCADA), which is the core of an EMS.
The institute is looking to export the system to the Middle East, Southeast Asia, Latin America, Russia, etc. “A national power grid system is one of the most sophisticated and complex systems the human race has ever developed,” said KERI Chairman Park Kyung-yup, adding, “We are expecting to create a meaningful change in the global EMS market with this system we developed on our own.”