Washington, DC, U.S.A. --- (METERING.COM) --- June 18, 2009 - The GridWise® Alliance and the Korea Smart Grid Association (KGSA) have signed an agreement to share best practices regarding modernization of the electric system, strengthening both organizations’ ability to help make the smart grid a reality in their respective countries.
Participating in the signing was South Korea’s Ministry of Knowledge Economy Minister Lee Youn-Ho who gave his support to the new partnership. Minister Lee was also due to sign a Letter of Intent with U.S. Energy Secretary Steven Chu.
“This agreement signals an important alliance between our two organizations, both of which provide leadership in smart grid policy for our respective countries,” said Guido Bartels, Chair of GridWise Alliance. “We are thrilled with the prospect of working with Korea on global efforts to further smart grid.”
“Our President Lee Myung-Bak considers smart grid one of the highest priorities in securing a green environment and economy for Korea,” added Koo Ja-Kyun, chairman of the Korea Smart Grid Association. “We are thrilled to collaborate with the GridWise Alliance whose leadership is broadly recognized around the world because of its tangible impact on energy policy as it helps drive transformation to the smart grid.”
The signing ceremony was attended by members of both organizations. “We welcome businesses all over the world to join hands in furthering the deployment of smart grid”, remarked Katherine Hamilton, President of the GridWise Alliance. “Advancing the smart grid is one of the best ways to improve the efficient use of electricity and reduce carbon emissions.”
Just as President Obama mentions smart grid as a priority in nearly all of his energy speeches, Korean President Lee Myung-Bak is making the smart grid a cornerstone of the greening of the Korean economy.
South Korea has announced that it will strive to become the world's first nationwide user of smart grids by 2030, and will establish an operational system for 3,000 households on Jeju Island by 2011.