Employees check power demand and supply at the regional office of the Korea Electric Power Corp. in Suwon, 30 kilometers south of Seoul, South Korea. Photo by YONHAP / EPA
May 21 (Asia Today) -- Korea Electric Power Corp.'s AI-based preventive diagnostics technology will be introduced to Germany's power equipment market under the company's largest-ever single technology transfer deal.
Korea Electric Power said Wednesday it signed a $1.34 million, or about 2 billion won, contract with German power equipment company Maschinenfabrik Reinhausen in Berlin on Tuesday. The South Korean utility will receive technology transfer fees from the German company over seven years.
The technology, called SEDA, analyzes about 100,000 pieces of substation equipment data a day. The system uses AI to detect abnormalities in power facilities by linking data from Internet of Things sensors, facility specifications and maintenance records.
Maschinenfabrik Reinhausen, founded in 1868, specializes in transformer load tap changers, sensors and digital solutions. The company has annual revenue of about 19 trillion won, or $12.6 billion.
