Concept
The next-generation electricity network is designed to reduce costs and create additional value based on optimized efficiency by enabling suppliers and consumers to conduct bi-directional communication and exchange information in real time via integrated digital technology
※ Components: Advanced Smart Meter, Electric Car Charging Infrastructure, Distributed and Dispersed Power Resources (battery), Real-time Electricity Pricing, Self-healing of Electric Network, Production and Sales of New and Renewable Energy, DC Power Supply System, Select Electric Quality
Required Components
Concept Diagram
Implementation Status in Major Countries
US (Stimulate economy by reinforcing energy security and modernizing outdated electric networks)
- ’03 Announced ” Grid 2030″ vision for electricity’s second century
- Specified Smart Grid in ” Energy Independence and Security Act of 2007″
- ’09 Invested $4.5 billion through “American Recovery and Reinvestment Act”
EU (Expand distribution of New and Renewable Energy, activate electricity trade among member countries)
- ’04 Set up an organization to implement Smart Grid
- ’06 Announced the vision for European Smart Grid
- ’07 Selected five research areas for successful implementation of Smart Grid
- ’08 Prioritized the R&D areas on Smart Grid
Japan (Integration with photovoltaic power generation system, focus on Micro Grid)
- Target: ’10 4GW, ’20 34GW, ’30 100GW
- Participate in overseas probing projects: New Mexico Green Grid Initiative
- Currently operating multiple Microgrid complexes such as Ota-City in ’07
Domestic Implementation Status
Low-carbon Green Growth
- ’09 Presidential Committee on Green Growth specified Smart Grid related contents in announcement “Building World Class Green Country”
- Started preparing roadmap November ‘09
Preemptive IT power technology development, Smart Grid technology development planning underway
- Since 2005, 252.2 billion won has been invested in the R&D of 10 IT power technologies.
- As of 2009, the battery technology for electric vehicles is on a par with that of industrial countries.
- Full-fledged technological development for Smart Grid will commence in ‘10 .
Started construction of Jeju Test-bed Complex in August 2009
- Budget: 64.5 billion won (financed by government)
- Project Duration : ’09~’13
- 10 consortiums participating, technological development and business model to be developed soon
