Reports that in conjunction with the semi-annual Global Intelligent Utility Network Coalition (GIUNC) meeting, IBM has today announced its collaboration with Korea Electric Power Company (KEPCO), on the building of the Total Operations Centre at the Jeju Smart Grid Test-Bed Demonstration Complex. The centre will allow the 160 companies and 11 consortia members operating at the Jeju Complex to collect and manage information on all international markets, and monitor smart grid systems and data exchange.
Korea Electric Power Corporation is to invest in developing smart grid technology. State-owned Korea Electric Power Corporation has announced plans to invest $1.8bn in smart grid technology as part of its efforts to reduce carbon emissions. In addition, the corporation has recently joined IBM’s Global Intelligent Utility Network Coalition, signaling an intention to be among the world leaders in the development and deployment of smart grid technology.