Korea Electric Power Corporation (KEPCO) and GE have signed a memorandum of understanding (MoU) to establish infrastructure for high-voltage direct current (HVDC) in Bitgaram Energy Valley in Naju city of South Korea.
With plans to open an office in Naju by the end of this month, GE has agreed to localise the new HVDC technology. The companies intend to leverage Bitgaram Energy Valley as the HVDC test bed, which will see investments in digital grid applications and big data analysis.
Suitable to connect renewables and offshore wind, GE Energy Connections’ HVDC technology has a smaller footprint and allows infeed to urban areas.
These systems interconnect two alternating current (AC) networks by converting AC to direct current (DC) at one end for transmission. At the other end, this current is then converted back to AC before being supplied to homes and factories.
GE Korea's president and chief executive officer (CEO) Chris Khang said: "The digitalisation of electrical power industry will provide new business models for the introduction of HVDC, renewable energy, and Energy Storage System (ESS) to the market.
“GE will continue to seek opportunities to grow with our Korean partners through technological cooperation in the energy and power space.”
KEPCO expects to further collaborate with other Korean and global companies in the HVDC industry, create jobs and revitalise the Energy Valley.