The company seeks to expand business into ESS, BEMS and renewable energy areas.
KT (Chairman: Lee Suk-chae) is moving to expand power and energy businesses after watching for a chance since it intensified policy of managing energy demand.
A source from power industry said on August 21 that KT is expanding power and energy business portfolio from electric power demand management to energy storage system (ESS), building energy management system (BEMS), advanced metering infrastructure (AMI) and solar photovoltaic power.
KT is reportedly developing new projects in ESS, BEMS and solar photovoltaic power areas.
A manager at KT said, “The company plans to commercialize ESS and BEMS technologies for improving energy efficiency. It intends to actively take part in the power ecosystem based on ICT.”
In line with government policies, such as permission of ESS-stored power resale and intensified management of energy demand, KT intends to diversify business portfolio from that confined to intelligent management of power demand.
Perceiving that conditions are ripened where it can fully demonstrate its knowhow, KT is expanding its businesses into neighboring areas.
Earlier, KT reduced 200,000kW of power through demand response (DR) monitoring programs at 218 facilities, including its 100 branches and subsidiaries, such as KT Estate, as well as 110 E-Mart stores and 8 Mega Mart stores where KT is operating the Korea Micro Energy Grid (K-MEG) program.
These branches of KT and marts that participate in DR monitoring programs are arranged to reduce use of power to agreed levels within 1 hour after they are notified to reduce power consumption during peak hours, and then they will receive incentives in return.
KT is also seeking to evolve programs of improving energy efficiency into new businesses.
Based on the greenhouse gas and energy target management system adopted in 2010, KT is managing energy consumption and greenhouse gas emissions at more than 150,000 facilities, including its office buildings, Internet data centers (IDCs), communication facility buildings, base stations, and indoor/outdoor repeaters.
In May this year, the company obtained the license as an energy diagnosis organization.
KT intends to control entire power demand in this year by 1.5 times over 2012 by additionally reducing 42,176kW of power consumption at 152 buildings, including those of ‘Olleh Plazas’. And it aims at reducing power consumption by 40% by 2016 from 2011.
Executive Director Oh Seong-mok of KT’s Network Division said, “The company will actively take part in power demand management programs and government’s energy policies, while improving energy efficiency and expanding business into renewable energy areas.”
Source : e2news