Three South Korean entities, utility Busan City Gas, a smart Energy IoT solutions provider, Shinhwa SNC, and software company, I-ON Communications Corp, are collaborating with Tenaga Nasional Berhad (TNB), the largest electricity utility in Malaysia, for virtual power plant (VPP) projects. A VPP is a cloud-based distributed power plant that aggregates the capacities of different distributed Energy resources, such as solar, wind, hydropower, and biomass units.
Under a 30-month Research Collaboration Agreement attempts will be made to integrate I-ON’s standard and next generation ESS (Energy storage system) along with solar technology, to advance next generation VPP pilot projects at five sites across Malaysia. This project is valued at approximately USD 7 million and will be financed through entities directly affiliated with both the Malaysian and South Korean governments, including the Korea Institute of Energy Technology Evaluation and Planning.
Both Malaysian and South Korean research collaboration partners comes on the heels of I-ON’s previously announced next generation VPP alliance with Japan-based TIS INTEC Group, in which they are offering and employing key components of I-ON’s Energy management platform to address the demand response needs of Japan’s power grid companies. The Malaysia-focused initiative, together with TNB, aims to integrate a proprietary next generation VPP that operates within its own cloud-based service Environment, while utilizing components of I-ON’s next generation Energy management platform.
(Source: Asiaone news; PR Newswire Asia; I-ON Communications Corp)