Smart Cities

Smart Grid New Energy Solutions: Korea sees Green Initiative as Future Growth Engine

Article from The Korean Times quoting Memoori Business Intelligence; http://www.koreatimes.co.kr/www/news/tech/2012/02/133_104042.html Washing machines and refrigerators have joined the ranks of smart devices. This means computerization, improving efficiency and protecting the environment. This focus is shifting to electricity, as experts tackle effective distribution from power plants to consumers. The purpose of this smart revolution is to save costs and limit environmental impact. Cutting carbon dioxide emissions within electricity production is not just a new growth engine but also tied closely with future development. The grid needs to incorporate renewable electricity production from a multitude of distributed sources and be capable of matching electricity supply with demand at the point of real-time usage. "Smart grids are being found everywhere. Governments and firms are busy investing more on them. The key point is that the market is growing and Korea is taking on a bigger role,’’ said an expert on the area, Park Geun-min. Park said smart grids are […]

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