Kim Chang-seop, President of Korea Energy Agency (right), and Park Il-jun, President of Korea East-West Power (left), pose for a commemorative photo after signing the "Energy Efficiency Value Chain Development and New Industry Ecosystem Creation Business Agreement" at the East-West Power headquarters in Ulsan on the 9th. <br>(Photo by Korea Energy Agency)

Kim Chang-seop, President of Korea Energy Agency (right), and Park Il-jun, President of Korea East-West Power (left), pose for a commemorative photo after signing the "Energy Efficiency Value Chain Development and New Industry Ecosystem Creation Business Agreement" at the East-West Power headquarters in Ulsan on the 9th.
(Photo by Korea Energy Agency)

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[Asia Economy Reporter Moon Chaeseok] Korea Energy Agency and Korea East-West Power have joined hands to innovate energy efficiency.


On the 9th, the Energy Agency and East-West Power announced that they signed a "Business Agreement for Developing an Energy Efficiency Value Chain and Creating a New Industry Ecosystem" at the East-West Power headquarters in Ulsan.


According to the agreement, the two organizations will jointly develop and promote an energy efficiency innovation value chain model, build an energy efficiency service and solution ecosystem, form an energy efficiency community, and work to expand technology exchange networks.


The Energy Agency will conduct energy diagnostics to improve energy efficiency for energy-consuming facilities such as university buildings.


East-West Power will establish and operate customized energy efficiency solutions based on the results of the energy diagnostics.


The two organizations aim to build an energy efficiency ecosystem targeting energy efficiency innovation and to discover new industries and expand technology exchange networks through this.


In particular, when establishing the energy efficiency value chain, it is expected that an energy optimization system covering the entire cycle from energy diagnostics to consulting and practical solution implementation can be prepared.


Through this, energy-intensive customers are expected to receive consulting on improvement plans based on the energy diagnostic results of their workplaces and introduce customized solutions to reduce electricity consumption.



Kim Changseop, Director of the Energy Agency, said, "Taking this business agreement with East-West Power as an opportunity, we will actively support the development of a successful energy efficiency innovation value chain model and its expansion into various fields."


This content was produced with the assistance of AI translation services.

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