Korea Electric Power Corp. (KEPCO) said the power company signed a contract with Maschinenfabrik Reinhausen (MR), a global power equipment leader, to transfer the Substation Equipment Diagnostic & Analysis System (SEDA) technology in Berlin on May 20.
Under the deal, KEPCO will receive $1.34 million (approximately 2 billion won) in royalties, the highest-ever technology transfer amount.
The agreement takes on significance since KEPCO’s preventive diagnosis technology power and operational knowhow have been recognized in the global market.
Both companies have pursued the development of business models and technology optimization by holding commercialization negotiations and technology value evaluations on 21 occasions since last October, when they struck an MOU to jointly develop and commercialize a power equipment diagnostic and analysis system in Regensburg, Germany.
SEDA is KEPCO’s own technology, designed to automatically judge and diagnose conditions of substations in real time by using IoT sensor data and big data analysis and AI technologies.
MR plans to release the technology through its own platform “TESSA 2.0,” integrated with its own preventive diagnosis solution “TESSA.”
KEPCO’s own technology SEDA is expected to enter global markets, including Europe and North America through the platform.
In particular, the contract takes on significance since the technology competitiveness of the SEDA, developed on the basis of about 2 million operation data cases of switchgear and more than 30,000 refined field data, has been recognized by global markets.
Unlike many diagnosis companies’ developing of technologies in a limited data environment, KEPCO has raised technology reliability based on large-scale achievement data, and such a data competitiveness has been highly evaluated by global markets.
Yeo Geun-taek, head of the Transmission and Transformation Operation Department at KEPCO, said, “It takes on a significance since KEPCO’s SEDA technology has secured a core driving force to enter global markets, such as Europe and North America through the technology transfer, and we will further ramp up our global market competitiveness through expanding of Korean and overseas business and developing of customized business models.”
KEPCO Makes a Paradigm Shift in Offshore Wind Power Grid Connectivity
Korea Electric Power Corp. struck an MOU to build joint connectivity equipment for offshore wind power in the Haenam area with the Ministry of Climate, Energy and Environment (MCEE) and five wind power providers at KEPCO Gyeongin Construction Headquarters on May 15.
Under the deal, five wind power providers, including CIP (Haegeum and Haesong), KREDO (Shinan Blue) and DWO (Cheonghaejin) agreed to cooperate in sharing costs for building integrated equipment, timely building of power grid and timely dedicating of power generation equipment.
The joint offshore wind power connectivity project in the Haenam area calls for efficiently transiting power by connecting large-size offshore wind power from islands and coastal areas directly with the West Sea HVDC network.
The project is forecast to curtail the construction distance of the power network from 703 km to 287km by about 416 kilometers and saving about 3.6 trillion won in KEPCO and other power companies’ investments.
Power companies have so far built long-distance transition lines connecting inland substations separately.
However, from now on, they are expected to join forces to build the integrated customer substations and HVDC transformer substations and jointly use connectivity equipment.
It is expected to have a positive effect of reducing the construction of duplicated long-term transmission lines and equipment, thus preventing unplanned land development and raising residents’ acceptance.
Starting with the Haenam area, KEPCO plans to build nine joint connectivity complexes across the nation, including Saemangeum, Gochang, Goheung, Yeongheung and Taean.
KEPCO plans to reflect the Haenam joint connectivity project in the 12th power supply master plan and long-term transmission and transformation equipment plan, and push ahead with MOUs on details with power companies.
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