Smart grid tech race intensifies
South Korea's Jeju Island from the air.
By Peter Gardett
Managing Editor, AOL Energy
A year ahead of a global meeting of energy leaders in Daegu, South Korea, the country's push ahead on smart grid technology development has been highlighted by a new report from the World Energy Council.
South Korea's Jeju Island project will be the world's largest smart grid system of its type when complete, the WEC said in announcing the new report a year ahead of the World Energy Congress set for Daegu.
"It is significant it is being held in Korea," WEC Daegu 2013 Organizing Committee Chair and CEO of KEPCO Joong-Kyum Kim said. "Not only is the country at an exciting stage in its energy development as it seeks to increase its reliance on nuclear power, LNG and sustainable energy sources, but it is also located in the world's most dynamic energy region."
Advances in communications technology combined with pressure to create smarter and more effective energy infrastructure through targeted investment has underpinned an early race among a wide range of technology firms and generators to install and utilize smart meter and smart grid technology. As infrastructure aged and countries have focused on expanding their renewable power fleets, smart grids were viewed as being able to help maintain reliability standards while intermittent generation was added to a system built for fossil fuels.