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Home > Sub-Policy > Smart Grid

Smart Grid

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

Concept Diagram

  • 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US (Stimulate economy by reinforcing energy security and modernizing outdated electric networks)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

Korea’s 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
  • Domestic Implementation Status
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