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Statements

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dbr:Jeju_Smart_Grid_Demonstration_Project_in_Korea
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Jeju Smart Grid Demonstration Project in Korea
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The most noticeable plan in South Korea’s smart grid project is the construction of a Smart Grid Testbed on Jeju Island. The South Korean government selected Jeju, in June 2009, as the Smart Grid Test-bed, and broke ground in August 2009. Testbed is the very proof of a Smart Grid, the basis for a low carbon, green growth strategy. Therefore, this project demonstrates Korea’s aspiration for green growth. Jeju Smart Grid Test-bed will become the world’s largest Smart Grid community that allows the testing of the most advanced Smart Grid technologies and R&D results, as well as the development of business models. This Test-bedwill also serve as the foundation for the commercialization and industrial export of Smart Grid technologies. It is expected to greatly contribute to strengthening Korea
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The most noticeable plan in South Korea’s smart grid project is the construction of a Smart Grid Testbed on Jeju Island. The South Korean government selected Jeju, in June 2009, as the Smart Grid Test-bed, and broke ground in August 2009. Testbed is the very proof of a Smart Grid, the basis for a low carbon, green growth strategy. Therefore, this project demonstrates Korea’s aspiration for green growth. Jeju Smart Grid Test-bed will become the world’s largest Smart Grid community that allows the testing of the most advanced Smart Grid technologies and R&D results, as well as the development of business models. This Test-bedwill also serve as the foundation for the commercialization and industrial export of Smart Grid technologies. It is expected to greatly contribute to strengthening Korea’s position as a leader in the global Smart Grid industry.This project is conducted with the participation of the Korean government, Korea Smart Grid Institute (KSGI), KEPCO, the Jeju Special Autonomous Province, companies joining the complex, Korea Smart Grid Association, research institutes, and academia. A total of 64.5 billion won will be injected between 2009 and 2013. About 10 consortiums in five areas will participate in testing technologies and developing business models. The three strategic directions stated in the vision and goals of the Jeju Smart Grid Test-bed initiative clearly show the nature of a green-growthstrategy embedded in this project. From the national standpoint, this project aims to raise energy efficiency and implement green-energy infrastructure by building eco-friendly infrastructure that reduces CO2 emissions. From the industrial standpoint, this project seeks to secure a new growth engine that will drive Korea in the age of green growth. And from an individual standpoint, this project is headed for low carbon and green life by enhancing quality oflife through experiences of and participation in a low carbon, green life.
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