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Smart Energy Partner, KEPCOSmart Energy Partner, KEPCO

“Bitgaram Energy Valley” Toward a Global Energy Hub in South Korea

April 2016


Introduction1

3 How does it work?

Table of contents

4 Why should you join?

What is Bitgaram Energy Valley?2

22


1. Introduction

33


‘Green’ that can change the world…

“If you get renewable energy, energy storage system, electric

vehicle and energy internet altogether, you can exponentially

change the world and spur new industrial revolution.”

(vs $1.4 Trillion GDP)

Global market forecast

Transportation / Energy / ICT

Drivers of big change:

4


Market view in Asia

0.95

3.56

1.6

0.97

0.58

0

1

2

3

4

Korea and

Japan

China India Southeast

Asia

Middle East

Cumulative investment in power sector (2014-2035*)(US$ Trillion)

[Source: ADB]

OECD Non-OECD

6.2(38%) 10.2

(62%)

US$16.4 Trillion world-wide

* expected

(US$ Trillion)

5


Electricity generation in South Korea(2014)

6

Energy shift in South Korea

(GWh)

474,660

501,527

532,191

543,098 546,249

5,890

(1.24%)

17,346

(3.46%)

19,498

(3.66%)

21,438

(3.95%)

26,882

(4.92%)

-

5,000

10,000

15,000

20,000

25,000

30,000

420,000

440,000

460,000

480,000

500,000

520,000

540,000

560,000

2010 2011 2012 2013 2014

Tota

l Ele

ctrici

ty G

enera

tion

Renew

able

Ele

ctrici

ty G

enera

tion

[Source: Korea Institute of Energy Research]


Energy shift in South Korea

Renewable Electricity generation in South Korea(2014)(GWh)

14,334

(53%)

4,656

(17%)

2,753

(10%)

2,556

(10%)

1,145 (4%)

943 (4%)492 (2%)

Waste

Bio

Hydro

Solar

Wind

Fuel cell

Ocean

[Source: Korea Institute of Energy Research]

7


2. What is Bitgaram Energy Valley?

88


Definition

• To secure economic development as replacement of semi-conductor

and automotive industries

• To acquire new markets through the early establishment of integrated

academic-industry research

Smart Energy Hub generating future values by establishing

integrated industrial ecosystem in electricity, energy new industry and

ICT fusion industry, primarily in Bitgaram Innovation City

What is the Energy Valley?

9


Partnership

Industry

Academy & Research

Local Government & Relevant Organizations

Cultivating manpower and leading R&D

Providing cooperation and support systems

기초전력연구원

Laying the groundwork for key players and fostering energy industries

10


Geographical structure

Size: 5,841,000 m2

Size: 427,000 m2

Bitgaram Innovation

City (BIC)

Shindo Industrial Complex

Docheon National Industrial

Complex

Bitgaram Energy

Cluster(BEC)

Jingok Industrial Complex

Daeyang industrial

Complex

Ceramic Industrial

Complex

Environment

Industrial Complex

Nano Industrial

Complex

Damyang Eco

Industrial Complex

3rd Cheomdan Industrial

Complex

Bitgaram Energy

Valley (BEV)

3rd Pyeongdong

Industrial Complex

Docheom Local Industrial

Complex

Electric Vehicle

Industrial Complex

Bitgreen Industrial Complex

Size: 9,214,651 m2

Innovation Industrial

Complex

11


Comprehensive scope

HVDC / ESS / EV / LVDC / SG / MG / Renewables

Energy New Industry

Intelligent ICT / ICT Security / Additional services

Electricity/ICT

BEMS / HEMS / High efficiency equipment

DR/EE

Intelligent ICT / ICT Security / Additional services

Electric Power Facilities

12


Chronological overview

13

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

(SC) DC80kV demonstration (SC) 345kV

demonstration

(SG) Development of

integrated control

systems(SG) Broad area system

demonstration

(MG) Connected demonstration (MG) Smart Campus demonstration (MG) VPP demonstration

(ESS) Demonstration for FR (ESS) Offshore wind power link

demonstration(ICT) Expansion of new services

(HVDC) Voltage demonstration

(HVDC) Development of control and protection

technology

(ICT) IoT demonstration

(SG) DG system link demonstration

(SC) 154kV demonstration


3. How does it work?

14


Collaborative undertaking (1)

Mutual development agreement (25th of August 2015)

The Korea Commission for

Corporate Partnership

Investing US$50 million

for win-win growth projects

Korea Electrical Manufacturers Association

15


KEPCO’s support for their vendors

16




oint R&D projects among academy, industry and research

• Investing approx. US$10 million annually

• 18 primary research projects selected from 92 submissions

② RFPs for energy specific projects announced regularly

• Period: twice a year (Jan. and July)

• Areas: energy new industry, convergence technology, electric power

new technology, etc.

17


Initiating various chances (1)

• Establishing electric vehicle charging Star-Network:

• 345 chargers at 122 sites in Korea / 73 chargers at 15 sites in the province

• Establishing test beds (GIST and SNU) to demonstrate V2G (peak reduction

in emergency)

• Conducting self-diagnosis with smart sensors that monitor electric power

facilities (Daegu, Gwangju, etc.)

• Providing social safety net services for elderly with dementia or living alone

with AMI network

EV (Electric Vehicle)

IoT (Internet of Things) / Big Data

18


• Demonstration projects of SG-based smart home services

• Establishing and linking SG stations in energy public companies' buildings

(KEPCO, KPX, KDN, etc.)

• Technological development and demonstration of micro grid in islands

(Gasado Island, etc.)

• Establishing smart energy campuses

MG (Micro-Grid) sectors

SG (Smart-Grid) sectors

19



• Expanding frequency adjustment ESS projects continuously

(184MW in Korea / 24MW in regions)

• Adopting ESS for island areas' diesel development (Pyeongdo Island and

Sonjukdo Island underway)

ESS (Energy Storage System) sectors

• Developing direct current distribution network

• Hataedo Island in Shinan: 46 households, electric power load: 80kW

• Localizing through technological development of HVDC and joint research

HVDC / LVDC

20



• Diesel generation → new renewable energy (photovoltaic, wind power,

ESS)

• Fossil-fuel cars (5,414 vehicles) → electric vehicles and 6,000 units of

charging infrastructure

Phase 1

(2016 to 2017)

Phase 2

(2018 to 2020)

Phase 3

(2021 to 2025)

4 islands including 25 islands including 21 islands including

21

Involvement of business players (1)


Government and KEPCO’s plan to establish charging network

Hybrid ESS

Fusion station (V2G)

Energy efficiency

New renewable energy

MG convergence

energy

KEPCO power system (Grid)

<Gwangju/Jeonnam Innovation City>

22



• Demonstration project of 100MW land wind power generation: Shinan

area/ US$270 million (private investments)

• Phase 1 (42MW) / construction began in 2015

• Demonstration project of 500MW sea wind power generation

• 300MW (POSCO Energy and SK E&S) / 200MW (KEPCO and Korea

Wind Energy Industry Association)

23



4. Why should you join?


Benefits

• Government's policies to foster energy new industry

• US$100 billion in 2030

• Nurturing strategies of KEPCO, Gwangju and Jeonnam

• KEPCO investing US$2 billion in energy new industry

• Platform to enter Asian market

• Brand “Made in Korea” instead of “Made in China”

• Easy access to Chinese and Asian markets with FTA

• Support to acquire track records

• Exchange of expertise

• RBD Network

• Close collaboration with core suppliers

25


Incentives

• Inv

• 100% reduction of corporate taxes and income taxes for the first 5 years

• and 50% tax reduction over the next 2 years

• 100% reduction of acquisition taxes and property taxes for 15 years

• Tariff exemptions

• Exported capital goods for 5 years

• Cash grant amount: 5 to 10% of investment amount

• Purpose: construction expenses and machine equipment expenses

• Amount of cash support may increase dependent on the company's level of technology and employment size

26


Pioneers (1)

27

• 46 IT companies among them NURI TELECOM with 17.6m USD investment

into SG and ESS

• 40 energy companies among them BOSUNG POWER with 8.8m USD

investment going into eco-friendly electricity power materials, IoT, smart

sensor development and manufacturing

• 8 institutes and industry centres like SMART PARK and DOSI & SARAM

• Foreign investment: 3 companies including GE (USA), ABB (Sweden) and

ALPS (Japan)


• Branch of KEPCO Electric Power Research Institute

• Branch of KEPCO Material Testing Lab

• Branch of Korea Electrical Engineering & Science Research Institute

• KEPCO KPS R&D Complex

• Branch of Korea Electrical Manufacturers Association

• Branch of Korea Testing Certification

Pioneers (2)

28


Feel free to get in touch with us!

Jeollanamdo Europe Office [[email protected] / +49-(0)6196-973 9989]

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