Dive Summary:
- A new report from the World Energy Council addresses big smart grid strides being made in South Korea.
- World energy leaders will convene next year in Daegu, South Korea, and the country's Jeju Island smart grid project will be one of the largest of its kind when it is completed.
- Major challenges for smart grid developments include funding and defining standards, according to the report.
From the article:
"... South Korea's Jeju Island project will be the world's largest smart grid system of its type when complete, the WEC said in announcing the new report today, one year ahead of the World Energy Congress set for Daegu.
'It is significant it is being held in Korea,' WEC Daegu 2013 Organizing Committee Chair and CEO of KEPCO Joong-Kyum Kim said. 'Not only is the country at an exciting stage in its energy development as it seeks to increase its reliance on nuclear power, LNG and sustainable energy sources, but it is also located in the world's most dynamic energy region.' ..."
