Korea Midland Power Co. (KOMIPO) and the Growth Support Center of Korea Meteorological Institute (KMI) embarked on a project to upgrade the prediction of renewable energy power generation based on meteorological information on June 24.
KOMIPO and KMI set up a foundation for cooperation on efficient uses of meteorological resources by striking an MOU on the renewable energy business sector with KMI last October.
Improving the accuracy of meteorological forecasting through systematic gathering, analyzing and utilizing meteorological big data is essential for improving the accuracy of predicting the amount of renewable energy power generation needed to stabilize the nation’s power supply.
The project involves technologies of 60Hertz. Complementing meteorological prediction region resolution via combing KOMIPO’s weather sensor data and KMI’s meteorological data is expected to contribute to improving the accuracy of forecasting renewable power generation.
KOMIPO President Kim Ho-bin said, “KOMIPO will ramp up its capabilities in the future business by stabilizing power grid and developing KOMIPO-style renewal power generation models through raising of the accuracy of predicting intermittent renewable energy power generation amounts and developing employing technologies in the meteorological sector to renewable energy generation projects such as photovoltaic power and wind power KOMIPO is implementing based on cooperative ties with KMI.”
KOMIPO Strikes MOU to Boost VPP Business with A1 Power
Korea Midland Power Co. (KOMIPO) signed an MOU to boost the virtual power plant (VPP) business with A1 Power on July 12.
Among those on hand at the signing ceremony were Lee Ho-tae, KOMIPO’s division head and President Noh Shin-deok of A1 Power.
The deal takes on significance as KOMIPO, mindful of realizing carbon neutrality and expanding the VPP business, has established cooperative ties in the VPP business with A1 Power, a leading company specializing in the electric sector of renewable energy.
KOMIPO introduced an integrated management system of distributed resources to implement the VPP business and a system of predicting power generation amounts last year.
The Renewable Energy Aggregator Center is in place as an integrated control tower of distributed energy resources.
In particular, KOMIPO has become a first power company to hire aggregators in the Jeju area with unpredictable power generation amounts coupled with precarious weather changes.
The power company plans to concentrate its capabilities to aggregate photovoltaic power resources in the Jeju area to participate in a renewable energy bidding system, to be introduced in the second half of 2023.
KOMIPO began to make settlements on first revenues from power providers participating in the power brokerage prediction system in January.
The power company has secured multiple photovoltaic power resources through higher revenue dividend in the interests of power providers.
KOMIPO plans to raise the capacity of a virtual power plant to about 4GW by attracting large-size wind power aggregators through the improving of the accuracy of predicting small photovoltaic power and wind power generation amounts by 2025.
The power company also plans to expand new business areas using big data platforms and an integrated control center of renewable energy resources.
Lee Ho-tae, head of the Business Division at KOMIPO, said, “I express hope the power brokerage business KOMIPO is implementing will be invigorated by establishing cooperative relationships with A1 Power.”
KOMIPO will devote itself to creating new business models in the VPP business, photovoltaic power equipment O&M, and demand response markets using EVs in the future, he said.
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