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Jeju Smart Grid Demonstration Project In Korea
The most noticeable plan in South Korea’s smart grid project is the construction of a Smart Grid Testbed on Jeju Island. The South Korean government selected Jeju, in June 2009, as the Smart Grid Test-bed, and broke ground in August 2009. Testbed is the very proof of a Smart Grid, the basis for a low carbon, green growth strategy. Therefore, this project demonstrates Korea’s aspiration for green growth. Jeju Smart Grid Test-bed will become the world’s largest Smart Grid community that allows the testing of the most advanced Smart Grid technologies and R&D results, as well as the development of business models. This Test-bed will also serve as the foundation for the commercialization and industrial export of Smart Grid technologies. It is expected to greatly contribute to strengthening Korea’s position as a leader in the global Smart Grid industry.This project is conducted with the participation of the Korean government, Korea Smart Grid Institute (KSGI), Korea Electric Power ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has a Demographics of South Korea, population of 51.75 million, of which roughly half live in the Seoul Capital Area, the List of metropolitan areas by population, fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its Gojoseon, first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Unified Silla, Silla and Balhae in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smart Grid
A smart grid is an electrical grid which includes a variety of operation and energy measures including: *Advanced metering infrastructure (of which smart meters are a generic name for any utility side device even if it is more capable e.g. a fiber optic router) *Smart distribution boards and circuit breakers integrated with home control and demand response (''behind the meter'' from a utility perspective) **Load control switches and smart appliances, often financed by efficiency gains on municipal programs (e.g. PACE financing) *Renewable energy resources, including the capacity to charge parked (electric vehicle) batteries or larger arrays of batteries recycled from these, or other energy storage. *Energy efficient resources *Sufficient utility grade fiber broadband to connect and monitor the above, with wireless as a backup. Sufficient spare if "dark" capacity to ensure failover, often leased for revenue. Electronic power conditioning and control of the production and distr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Green Growth
Green growth is a term to describe a hypothetical path of economic growth that is environmentally sustainable. It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is required. As such, green growth is closely related to the concepts of green economy and low-carbon or sustainable development. A main driver for green growth is the transition towards sustainable energy systems. Advocates of green growth policies argue that well-implemented green policies can create opportunities for employment in sectors such as renewable energy, green agriculture, or sustainable forestry. Several countries and international organizations, such as the Organisation for Economic Co-operation and Development (OECD), World Bank, and United Nations, have developed strategies on green growth; others, such as the Global Green Growth Institute (GGGI), are specifically dedicated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korea Electric Power Corporation
Korea Electric Power Corporation, better known as KEPCO (Hangul: 켑코) or Hanjeon (Hangul: 한전), is the largest electric utility in South Korea, responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO, through its subsidiaries, is responsible for 93% of Korea's electricity generation as of 2011. The South Korean government (directly and indirectly) owns a 51.11% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 65,383 MW. On the 2011 Fortune Global 500 ranking of the world's largest companies, KEPCO was ranked 271. KEPCO is a member of the World Energy Council, the World Nuclear Association and the World Association of Nuclear Operators. As of August 2011, KEPCO possesses an A+ credit rating with Fitch Ratings, while Moody's has assigned KEPCO an A1 stable rating. Originally located in Samseong- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Low-carbon Economy
A low-carbon economy (LCE) or decarbonised economy is an economy based on energy sources that produce low levels of greenhouse gas (GHG) emissions. GHG emissions due to human activity are the dominant cause of observed climate change since the mid-20th century. Continued emission of greenhouse gases will cause long-lasting changes around the world, increasing the likelihood of severe, pervasive, and irreversible effects for people and ecosystems. Shifting to a low-carbon economy on a global scale could bring substantial benefits both for developed and developing countries. Many countries around the world are designing and implementing low-emission development strategies (LEDS). These strategies seek to achieve social, economic, and environmental development goals while reducing long-term greenhouse gas emissions and increasing resilience to the effects of climate change. Globally implemented low-carbon economies are therefore proposed as a precursor to the more advanced, zero-ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smart Grids In South Korea
The smart grids in South Korea constitute a platform that is re-imagining electricity grids, equipping it with technology that allows more capability, particularly in addressing the demands of the 21st century and the future. This process follows a modular approach to grid construction and focuses on the development of the IT-enabling of its electric power generation system. The country views the smart grids, along with the so-called "new energy industries", as an emergent pillar of the Korean economy. According to Korea Electric Power Corporation, Korea Electric Power Corporation (KEPCO), one of the leaders of the initiative, "smart grids would help the country use more renewable energy sources and cut overall energy consumption." The "smart" in a grid is achieved through an installed software rather than hardware, banking more on the element of intelligence for more consistent upgrades, patterns learning, and timely response to new technologies. The South Korean smart grids inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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