ELSIS Connects Energy Ecosystem with AI Microgrid Platform

[Industry News, Reporter Han Gyo Jeong] ELSIS, established in 2005, is connecting the energy ecosystem through an artificial intelligence (AI)-based microgrid integrated operation platform. As a specialized energy ICT and IoT company, ELSIS has been leading the green growth of the domestic energy industry.

ELSIS is expected to efficiently manage multiple microgrids through its self-developed integrated operation platform, optimizing energy demand and supply. In particular, it aims to maximize the efficiency of energy management by incorporating artificial intelligence technology and lead the future energy market. This platform is expected not only to contribute to environmental protection through the efficient use of energy resources but also to create new business models in the energy industry. ELSIS plans to continue to lead innovation in the energy industry through continuous technology development and investment.

ELSIS's integrated operation platform, 'WatchDog Integrated Operation Component,' provides the function of integrating and managing multiple microgrids as if they were a single virtual power plant. This platform is designed to maximize energy efficiency by controlling power demand and supply in real-time and to efficiently manage generation, storage, and consumption resources. The WatchDog Integrated Operation Component is a core element of the energy management system, playing an important role in improving energy efficiency by effectively integrating and operating distributed energy resources. This integrated operation platform is expected to help energy companies build more efficient energy management systems and reduce energy costs. In addition, it is expected to contribute to strengthening the competitiveness of companies by enabling a stable energy supply. ELSIS plans to further refine the functions of the WatchDog Integrated Operation Component to provide innovative solutions in the field of energy management.

Meanwhile, the Korea Energy Agency has launched the '2024 Future Regional Energy Ecosystem Revitalization Project' to accelerate the development of the regional energy industry. This project aims to establish a regional-based energy production and consumption system and support regional economic revitalization. The nine companies selected for the 2024 Future Regional Energy Ecosystem Revitalization Project are promoting the project by forming consortiums with local governments. These companies store electricity produced from distributed energy in energy storage systems (ESS) and then sell it to RE100 participating companies or conduct power brokerage businesses, and also participate in the demand response (DR) market. This project is expected to increase regional energy independence and contribute to regional economic revitalization. In addition, it is expected to have a positive impact on creating new business models in the energy industry and promoting diversification of the energy market. The Korean government plans to continue to expand support for the development of the regional energy industry and continuously promote policies to increase energy independence.

On May 24th, a business agreement ceremony was held at Yangjae EL Tower for the representatives of the nine leading institutions finally selected for the '2024 Future Regional Energy Ecosystem Revitalization Project.' Officials from the Ministry of Trade, Industry and Energy, officials from the Korea Energy Agency, and representatives from the nine selected companies attended the event to pledge cooperation for the successful promotion of the project. At the business agreement ceremony, discussions were held on the roles and responsibilities of each institution, the project implementation schedule, and expected effects. In particular, a consensus was formed that close cooperation and active support from each institution are necessary for the successful promotion of the project. President Lee Jae-myung of South Korea said in a congratulatory message, "We will actively support the project at the government level so that the Future Regional Energy Ecosystem Revitalization Project can be successfully promoted to increase regional energy independence and contribute to regional economic revitalization." Representatives of the companies attending the business agreement ceremony pledged, "With the support and cooperation of the government, we will do our best to successfully promote the project and contribute to the development of the regional energy industry."

Herrit is collaborating with Jeju Special Self-Governing Province to implement a service project to build a demand/supply-type virtual power plant (VPP) platform. This is expected to increase Jeju Island's energy independence and contribute to the expansion of renewable energy distribution. A virtual power plant (VPP) is a system that integrates and manages distributed energy resources like a single power plant using information and communication technology (ICT). Herrit's VPP platform is designed to maximize energy efficiency by analyzing and predicting Jeju Island's energy demand and supply in real-time. In addition, it is expected to mitigate fluctuations in renewable energy power generation and contribute to enabling a stable power supply. Herrit plans to accumulate VPP platform construction and operation know-how through cooperation with Jeju Special Self-Governing Province and expand its business to other regions in the future. Jeju Special Self-Governing Province is expected to further accelerate its efforts to increase energy independence and move towards a carbon-neutral society through Herrit's VPP platform.

Daeyeon C&I is cooperating with Jincheon-gun to create a RE100 carbon-neutral reservoir. This is evaluated as an exemplary case that emphasizes corporate social responsibility and contributes to environmental protection. RE100 is a global campaign that aims for companies to meet 100% of their electricity use with renewable energy. Daeyeon C&I plans to install solar power generation facilities in the reservoir in cooperation with Jincheon-gun and supply the produced electricity to RE100 participating companies. This is expected to reduce companies' carbon emissions, contribute to environmental protection, and contribute to regional economic revitalization at the same time. Daeyeon C&I plans to continue to contribute to the spread of the RE100 campaign and take the lead in creating a sustainable society through continuous investment and technology development. Jincheon-gun is expected to further accelerate its efforts to move towards a carbon-neutral city through cooperation with Daeyeon C&I and contribute to improving the quality of life for local residents.

Meanwhile, the 'Solar Asia 2025' exhibition will be held from November 5th to 7th at KINTEX Exhibition Hall 1 in Goyang, Gyeonggi Province. This exhibition is a venue to showcase the latest technologies and products in the solar energy industry, and it is expected that domestic and foreign energy companies will participate to promote technology exchange and cooperation. At Solar Asia 2025, various products will be exhibited, including solar modules, inverters, energy storage systems (ESS), and related parts and equipment. In addition, companies in various fields such as solar power generation system installation and operation, maintenance, and financial and consulting services are expected to participate to share information and seek cooperation opportunities. Solar Asia 2025 is expected to present the direction of development of the solar energy industry and contribute to creating new business models. In addition, it is expected to provide a stepping stone for energy companies to enter the global market and have a positive impact on strengthening the competitiveness of the domestic energy industry.