Generating electricity with cargo trucks? ... Busan Port Authority launches 2nd in-house venture program

The 2nd internal venture of Busan Port Authority (BPA) has officially launched.

On the 17th, BPA announced that it signed a business agreement with the internal ventures ‘Piezoelectric Power Generation Team’ and ‘Port Technology Innovation Team’ at the conference room on the 3rd floor of its headquarters.

The signing ceremony was attended by BPA President Kang Jun-seok, members of the two internal venture teams, and BPA executives and employees.

BPA continuously receives internal venture ideas and selects support targets through evaluations by internal and external experts on business feasibility, alignment with institutional strategy, and innovativeness.

The two internal venture teams selected this time will be guaranteed autonomy and independence for business execution over the next year, and the authority plans to support infrastructure and budget.

The ‘Piezoelectric Power Generation Team,’ launched with the goal of ‘producing and supplying electrical energy through piezoelectric power generation within the port,’ consists of five members in charge of in-house research and development (R&D) and eco-friendly duties. Piezoelectric power generation is a technology that produces electricity by the pressure applied when cargo trucks pass over devices installed on the terminal gate floor.

The Piezoelectric Power Generation Team focused on the fact that cargo trucks pass through the container terminal gate with uniform weight and speed, enabling stable electricity production. They plan to secure technology durability, conduct on-site demonstration analysis at Busan New Port, and gradually promote technology diffusion and openness through private sector collaboration.

Busan Port Authority.

The ‘Port Technology Innovation Team’ consists of four internal civil engineering experts with the business goal of ‘optimizing supply and demand of port aggregates and developing technology to expand the use of recycled aggregates.’

Based on BPA’s accumulated know-how in domestic port construction and collaborative networks, they plan to optimize the supply and demand of aggregates entering and leaving sites to create new revenue and reduce costs. They will also discover appropriate construction types to expand the use of recycled aggregates within Busan Port.

Last year, BPA received the Prime Minister’s Commendation for contributing to resource circulation by saving about 4 billion KRW in budget compared to natural aggregates through the use of approximately 280,000 tons of recycled aggregates made from waste construction materials in soft ground treatment and drainage layers.

The Port Technology Innovation Team plans to go further by discovering additional port construction fields where recycled aggregates can be used, such as caisson filling and site formation, and contribute to cost reduction and sustainable growth through suitability verification.

BPA President Kang Jun-seok said, “Internal ventures are becoming a driving force that finds new value through a change of mindset,” and added, “We will spare no support for internal venture activities so that employees’ excellent innovative ideas can spread to private sector innovation growth.”

The 1st internal venture of BPA, the Water Quality Management Team, successfully developed underwater drones and monitoring systems that monitor the water quality of major port areas in Busan Port and concluded their activities in the second half of last year.

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