Samsung C&T's construction division is joining hands with the Korea Power Exchange to push overseas expansion of the Korea-style energy management system (EMS). A power system is the electrical equipment needed for the entire process from production to transmission to use of electricity.
Samsung C&T said on the 13th that it will sign a memorandum of understanding (MOU) with the Korea Power Exchange to promote EMS technology demonstration, advancement, and commercialization, and to cooperate on overseas market entry.
Attending the signing ceremony at Samsung C&T's headquarters in Sangil-dong, Gangdong-gu, Seoul, are Vice Chair Kim Hong-geun, acting president of the Korea Power Exchange, Information Technology Director Kim Gwang-ho, Samsung C&T Energy Solution Division head Executive Vice President Lee Chang-uk, New and Renewable Energy Business Division head Pyo Won-seok, and New and Renewable Energy Technology Research Center head Jeong Gi-seok.
EMS is a system that, for the economic production and stable supply of electricity, identifies in real time the operating status of power facilities nationwide, remotely starts and adjusts devices in line with system conditions, and analyzes operating data.
Through this collaboration, Samsung C&T plans to support the development and demonstration of new applications of EMS technology with the Korea Power Exchange, which has expertise in overall power system and market operations. It will verify the feasibility of applying the business in actual overseas energy network environments and establish the optimal commercialization model.
In particular, Samsung C&T's experience and network from numerous power-related EPC projects—such as power plants, battery energy storage systems, and extra-high-voltage transmission facilities—carried out in global markets including Qatar, the UAE, Guam, and Australia are expected to help EMS expand overseas.
In addition, at the technology commercialization stage, the company plans to review a range of ancillary initiatives to boost exports, including linking networks with related institutions and securing standardization and certifications that meet global market demands.
Executive Vice President Lee Chang-uk, head of Samsung C&T's Energy Solution Division, said, "We plan to focus on enhancing the value of national R&D outcomes and securing differentiated energy solutions, based on Samsung C&T's competitiveness in global energy businesses."