KEPCO Announces Open Microgrid Project Leveraging Fuel Cells and Blockchain
November 22, 2018 -- KEPCO president and CEO Kim Jong-gap announced on November 18 that the company is pursuing its 'KEPCO Open MG Project' to develop the future microgrid.
'KEPCO Open MG' refers to an open energy community that combines existing microgrid technology, digital energy solutions and blockchain. Previously, the microgrid consisted mainly of small photovoltaics, wind turbines, and energy storage devices which made it difficult to supply stable power.
The KEPCO Open MG, currently in development, is equipped with a fuel cell as a power source. By using P2G technology, the remaining electricity can be converted into hydrogen and saved, and then converted to electric energy through the fuel cell when necessary. The technology can increase the level of energy independence and efficiency more than existing microgrids, and it is eco-friendly because it does not emit greenhouse gas.
KEPCO expects the innovative microgrid configuration to contribute greatly to the creation of a new business ecosystem and job creation by contributing the energy infrastructure of an upcoming hydrogen economy society.
In addition, the company notes that the KEPCO Open MG utilizes international standard technology, so it is easy to connect and offers improved operational efficiency. If electricity can be traded between microgrids, this will help stabilize the power system of new and renewable energy sources by eliminating connection bottlenecks.
In the future, KEPCO plans to make the KEPCO Open MG more active and construct the first megawatt energy-independent microgrid. Currently, the company is carrying out verification and commercialization with electric power group companies, manufacturers and microgrid technology companies. KEPCO plans to select provinces to be proved within this year.
President Kim said, “The three major trends in the future of the energy industry are decarbonization, decentralization, and digitalization.' Through this project, KEPCO will show the speed of new and renewable energy generation and energy efficiency projects. We will take a step forward as an energy platform provider to drive energy conversion and digital conversion.”
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