KT Teams with SAP Korea to Develop Smart Grids
Companies to Collaborate on Jeju Test-Bed Project for More Efficient Electricity Use
SEOUL, South Korea and MONTREAL, Sept. 13 -- As world leaders in the field of energy convene in Montreal, Canada, to discuss industry challenges and sustainable growth at the World Energy Congress, SAP Korea today announced the signing of a memorandum of understanding (MOU) with telecommunications company KT of Korea on the collaboration of a test-bed project on "smart grids," in which energy providers can intelligently orchestrate electricity supply in two-way communications with appliances to help consumers and companies optimize energy use, reduce cost and increase reliability and transparency.
According to the MOU and project scope of the Jeju smart grid test-bed project, both parties will be implementing a smart grid pilot system that will use intelligent metering software from SAP AG (NYSE:SAP). In addition, both companies will draft a detailed road map that comprehensively defines the technology parameters for the collaboration. The SAP system is currently being used to capture data from approximately 200 households on the South Korean island, with a targeted plan to increase the number five-fold to 1,000 households over the next six to eight months.
In this project, SAP will provide advanced metering infrastructure (AMI) software, SAP® AMI Integration for Utilities, to help deliver metering data and manage communication exchanges between smart devices and SAP® Business Suite software in the back end.
The Jeju smart grid test-bed is one of the key smart grid projects driven by South Korea's government as a main engine for sustainable growth. The total investment made by the government and private organizations in the project is targeted to reach KRW 239.5 billion. Infrastructure for the test bed will be established by May 2011, followed by a two-year comprehensive operating test. The project is expected to provide test scenarios and process benchmarks that will establish the global standard and leadership through this early commercialization of a smart grid model. The implementation will include tests and assessments of deployed technologies within a real-life environment.
"We are very pleased to undertake this 'proof-of-concept' project with a strong global partner like SAP," said Jeon Hong Beom, vice president, KT. "SAP has had a long history of utilities technology development as well as a global customer knowledge base with tried-and-tested best practices. KT believes we have found a fitting collaboration partner in a company like SAP."
"SAP has been increasing the efficiency in the energy and utilities industries for the past 30 years through the delivery of innovative enterprise software and platforms," said Won-Joon Hyeong, managing director, SAP Korea. "SAP AMI Integration for Utilities software helps ensure the seamless process and data integration with OSIsoft MDUS through standardized interfaces. This optimized interoperability is a key prerequisite for the successful implementation of holistic smart grid solutions. More importantly, KT's team was the only consortium that demonstrated a working solution built with an SAP-based solution that will be demonstrated in front of the delegates from The Group of Twenty (G-20) later this year."
The project is implemented in conjunction with OSIsoft, an SAP software solution partner.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 102,500 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit www.sap.com.
SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.
Follow SAP on Twitter at @sapnews.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Kyeong Hye Kim, SAP Korea, +82 2 2194-2483, kyeong.hye.kim@sap.com, GMT +9
Lynn Ong, SAP Asia Pacific Japan, +65 6768-6439, lynn.ong@sap.com, GMT +8
Evan Welsh, SAP, +1 (610) 203-9742, evan.welsh@sap.com, EDT
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com
Source: SAP AG
