POSCO ICT, an ICT and engineering technology solutions provider, would join hands with the Korea Electric Power Corporation (KEPCO) to export its own micro-grid technology, which enables electric power generation without being connected to the outside in case of emergency, to Canada.
According to POSCO ICT Tuesday, KEPCO and Canada-based power company PowerStream have agreed to jointly invest to develop the micro-grid technology and push ahead with relavant businesses in North America. This marks the first time that Korea would export an integrated solution to build a micro-grid.
POSCO ICT would offer the high-capacity energy storage system (ESS) used for energy storage while KEPCO would be in charge of establishing the entire power network system. PowerStream is one of Canada’s four largest electric power companies. POSCO ICT is expected to construct a micro-grid which allows about 500 households in Penetanguishene, Ontario, to use power for four to five hours.
North America including Canada sees frequent power outages alongside unstable electricity supply as 70 percent of the network connection of the existing electric power supply is more than 30 years old. The network connection should be replaced to solve the problem but an enormous expense has been an obstacle. Against this backdrop, the construction of micro-grid which applies ESS has recently emerged as an alternative.
The company is also planning to start a business to construct micro-grid utilizing solar energy generation at public facilities in Mozambique, Africa, among others.
By Chu Dong-hoon
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