IBM - Posco ICT to develop smart grid renewable energy management system

IBM  is collaborating with Posco ICT to develop South Korea's first renewable energy management system for a smart grid.

Formed after the merger of Posdata and Poscon, Posco ICT offers services in engineering, automation, system integration and IT outsourcing.

As part of South Korea's national Smart Grid initiative to achieve "low carbon, green growth," the intelligent renewable energy management system will be installed as a showcase at the Smart Grid Demonstration Complex located on Jeju Island.

Aimed at creating greater energy security, sustained economic growth, and reduced environmental impact, the Korean government, together leading technology companies, has embarked on a bold smart grid strategy.

The smart grid initiative, spearheaded by the Jeju Island Smart Grid Demonstration Project, is a comprehensive programme that covers smart power grid, smart consumers, smart transportation, smart renewable energy, and smart electricity services.

Its goal is to promote economic growth for the country and set a foundation for Korean companies' technological strength in the global smart grid market.

"Posco ICT has identified the smart grid business as a key future growth engine," says Choi Chang-ho, executive director, Posco ICT's smart grid promotion group. "Through the collaboration with IBM, Posco ICT will be able to take a step forward as a leading company in the domestic smart grid market."