Worried About Solar Power Output Control? HD Hyundai Provides Predictions for You

Entry into Virtual Power Plant-Based Electricity Brokerage Business
Big Data and Real-Time Monitoring of 8,000 Power Plants
Improving Renewable Energy Generation Forecast Accuracy

As the issue of 'output limitation (grid restriction)' grows due to excessive solar power generation on clear days, HD Hyundai announced on the 28th that it will start a renewable energy generation forecasting business.

HD Hyundai's solar division affiliate, HD Hyundai Energy Solutions, will begin a power brokerage business next month. When HD Hyundai Energy Solutions (the broker) predicts the next day's renewable energy generation and submits it to the Korea Power Exchange, the exchange provides incentives (settlement payments) if the error rate is within 8%. The broker shares the settlement payments with the power producers.

Based on the solar remote monitoring system 'Hi-Smart 3.0,' a virtual power plant that collects generation statistics from power plants scattered nationwide will be established to predict generation and participate in bidding. Since starting the solar business in 2004, it has accumulated solar big data of over 1.6GW in generation capacity and about 8,000 power plants. This vast data enables higher prediction accuracy. Last month, it obtained the 'Top Performer' certification from the global solar verification organization PVEL. A representative from HD Hyundai Energy Solutions stated, "In the future, we will gradually expand renewable energy convergence platform services such as virtual power plants as well as the solar business."

High-output solar modules from HD Hyundai Energy Solutions installed in Arizona, USA
[Photo by HD Hyundai Energy Solutions]

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