• Written by I-ON Digital IR Team

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SEOUL, South Korea – 24 March, 2017 – I-ON Communications Co., Ltd.(www.i-on.net/eng ), a leading solution and service provider of unstructured data management with 1,000+ customers globally, today announced it held a workshop for a Korea-UK joint R&D project “Load and Transaction Management – Prediction and Control” last 13 – 14 March in its HQ based in Seoul. The project is to undertake fundamental research into the principles of collaborative consumption / sharing economy and advanced understanding of prosumer energy to deliver a peer-to-peer energy trading/sharing (P2P-ETS) platform.

This workshop was the second gathering of the project participants after their first visit to Korea last January. I-ON, Gachon University, Konkuk University, KEPCO KDN and KERI (Korea Electrotechnology Research Institute) from Korea joined this round of workshop and University of Bath, University of Oxford, Imperial College London and Manchester Metropolitan University from UK also joined.

[Day 1:  I-ON presenting research findings]

On day 1, the group gathered in Mercure Ambassador Hotel in Gangnam, Seoul and each organization gave presentation on their research. They shared information on their research status and current issues. 

[Day 2: Meeting at I-ON and Tour to POSCO ICT DR Operation Center]

On the 2^ndday, I-ON invited the group to its cafeteria for a brief meeting in the morning and the group had a company tour to POSCO ICT, one of I-ON’s DR (Demand Response) solution customers, where they could learn about Korea’s power market and how POSCO ICT DR Operation Center works.

 

Through this round of workshop, the project participants shared the following:

1)    Understanding of prosumers’ DER (Distributed Energy Resources) characteristics and modeling result

2)    The definition of a prosumer and study on attribute model

3)    Uncertainty based prosumer optimization models

4)    Load pattern analysis based on the electricity consumption data analysis

5)    Uncertainty based prosumer risks modeling and analyzing methods

[Solar panels on household rooftops (source: Brooklyn Microgrid)]

According to New York Times, a project called Brooklyn Microgrid launched as of 13 Mar. A US startup “LO3 Energy” designed this project and there currently is about 50 participants. This project is signing up residents and businesses to a virtual trading platform that will allow solar-energy producers to sell excess-electricity credits from their systems to buyers in the group, who may live as close as next door.

The project is still in its early stages but its implications could be far reaching. The idea is to create a kind of virtual, peer-to-peer energy trading system and a new era of “Energy Prosumer” had dawned.

The whole world is watching “energy market” and I-ON expects to become a front runner in the market by providing sustainable prosumer solutions and services.

About I-ON Communications Co., Ltd.

I-ON Communications has been providing enterprise-class unstructured data management solutions and services since its establishment in 1999. With strong market presence in Korea and Japan, its expertise in Enterprise Content Management solutions has proven track records by 1,000+ commercial references and a wide range of projects with government, world renowned partners. Its offerings encompass Web Content Management, Electronic Document Management, Digital Asset Management and Demand Response Management in Smart Grid / Smart City. I-ON was awarded 2014 Red Herring Top 100 Asia, Gartner Magic Quadrant for WCM 2014 as ‘a vendor may meet your needs’ and multilateral joint R&D project Eureka, ITEA3. 

 

Learn more about I-ON products : http://www.i-on.net/eng/product/ics/index.html 

 

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[Rep.]

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