Samsung Electronics and KEPCO Sign MOU for Data-Driven 'Home Energy Solution Development'

[Asia Economy Reporter Suyeon Woo] Samsung Electronics announced on the 28th that it has signed a Memorandum of Understanding (MOU) with Korea Electric Power Corporation (KEPCO) to develop a 'Home Energy Solution' based on power data.

The MOU signing ceremony was attended by Chanwoo Park, Executive Director of Samsung Electronics' Consumer Electronics Division, and Taeyong Kim, Head of KEPCO's Digital Transformation Department.

Through this agreement, Samsung Electronics will be able to integrate the power data provided by KEPCO with the 'Samsung SmartThings Energy' service to introduce solutions that can effectively reduce energy consumption. Samsung Electronics and KEPCO also plan to expand cooperation to develop various other energy-saving solutions.

Samsung Electronics has signed a Memorandum of Understanding (MOU) with Korea Electric Power Corporation to develop a 'Home Energy Solution' based on power data. Kim Tae-yong, Head of Digital Transformation at Korea Electric Power Corporation (left), and Park Chan-woo, Executive Director of Samsung Electronics' Consumer Electronics Division (right), are posing for a commemorative photo after signing the agreement. Photo by Samsung Electronics

Launched in May 2019, SmartThings Energy is a service that monitors the energy consumption of Samsung home appliances linked to the SmartThings app in real time and analyzes user patterns to efficiently manage electricity usage.

The total of 12 types of home appliances that can be managed through SmartThings Energy include air conditioners, air purifiers, refrigerators, kimchi refrigerators, washing machines, dryers, dishwashers, microwaves, ovens, robot vacuum cleaners, shoe dressers, and air dressers.

By applying the newly introduced home energy data solution, users can check daily, monthly, and hourly power consumption data up to the previous day, electricity bill information, and tiered rate levels through SmartThings Energy. Additionally, the power consumption of each appliance for the current day is also provided.

Moreover, if it is predicted that the preset tiered rate level will be reached, the system automatically controls the air conditioner to power-saving mode to prevent excessive electricity charges. The solution also includes a feature that uses smartphone location information to send notifications to the smartphone if the air conditioner is left on when family members are not at home, suggesting to turn it off.

The Home Energy Solution service is scheduled to launch within the second half of the year, and households equipped with KEPCO's AMI (Advanced Metering Infrastructure) smart meters can register their customer number from 'KEPCO Energy Marketplace EN:TER' in the Samsung SmartThings Energy service.

Chanwoo Park, Executive Director of Samsung Electronics' Consumer Electronics Division, said, "Samsung SmartThings Energy has evolved into a true home energy service through cooperation with KEPCO," adding, "By combining KEPCO's power data with Samsung Electronics' IoT technology capabilities, we will provide consumers with a differentiated energy management experience."

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