KEPCO President Jeong Seung-il Visits Energy Platform Company MerloLab... Discusses IoT-Based Energy Efficiency Technologies
Korea Electric Power Corporation CEO Jeong Seung-il is listening to a demonstration of IoT-based energy efficiency technology at Merlo Lab's office. (From left) Merlo Lab Vice President Choi Won-jae, Korea Electric Power Corporation CEO Jeong Seung-il, Merlo Lab CEO Shin So-bong. Photo by Merlo Lab
View original image[Asia Economy Reporter Jang Hyowon] Jeong Seung-il, CEO of Korea Electric Power Corporation, visited energy platform company MerloLab on the afternoon of the 7th to discuss the direction of the domestic energy industry.
Energy platform company MerloLab (CEO Shin Sobong) explained its IoT-based energy efficiency technology and stated that it held a session to discuss the efficient operation of domestic energy in the future together with Korea Electric Power Corporation.
MerloLab is a company that possesses a portfolio of IoT systems and energy management businesses based on Mesh Network core technology. For example, by automatically adjusting the brightness of thousands to hundreds of thousands of interconnected lights in large industrial complexes, it helps companies save electricity costs and achieve efficient energy management.
Through this, in January 2022, MerloLab officially entered the frequency support market for demand resources by starting the ‘Fast-DR’ project (frequency control demonstration using Merlo IoT lighting) with the Korea Power Exchange.
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Meanwhile, MerloLab filed for preliminary review for KOSDAQ listing in March and aims to be listed in the second half of the year. NH Investment & Securities was selected as the lead manager for the listing.
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