BGF Retail Signs Energy Management System Business Agreement with Korea East-West Power Co.

Introduction of REMS in over 50 stores nationwide next month
Basic electricity fee reduction and prevention of excess charges effects

BGF Retail announced on the 22nd that it has signed a business agreement with Korea East-West Power to introduce an Energy Management System (REMS).

Hong Cheol-gi, Head of Operations Support Division at BGF Retail (left), and Kim Yong-gi, Head of Energy Innovation Department at Korea East-West Power (right), are signing a business agreement at the BGF headquarters in Gangnam-gu, Seoul. Photo by BGF Retail

The business agreement ceremony was held at the BGF Retail headquarters in Gangnam-gu, Seoul, with key officials from both companies attending, including Hong Cheol-gi, Head of Operations Support at BGF Retail, and Kim Yong-gi, Head of Energy Innovation at Korea East-West Power. CU plans to introduce the IoT-based integrated monitoring solution, the Energy Management System, to about 50 stores nationwide next month.

By introducing the Energy Management System, the system sets the optimal contracted power, reducing the basic electricity fee, and automatically controls heating and cooling devices before peak power is reached, preventing excess charges. It also allows real-time monitoring of electricity usage and accumulated data, and features an automatic control function for heating and cooling devices based on indoor temperature standards to reduce unnecessary electricity consumption.

A BGF Retail official stated, "Through the introduction of the Energy Management System, we plan to share the results of energy efficiency improvements and gradually expand the number of operating stores." He added, "CU will continue efforts to reduce electricity usage, including exploring ways to efficiently manage existing fixtures."

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