GS Commercializes Wind Power Generation Forecasting... "Huh Tae-soo, First Achievement in DX New Business"

Panoramic view of GS Yeongyang Wind Power Complex. Photo by GS

GS E&R, a subsidiary of GS Group, announced on the 22nd that it will commercialize an artificial intelligence (AI)-based wind power generation forecasting system. This is the first achievement in discovering new businesses since Heo Tae-su's inauguration as chairman of GS Group and the start of digital transformation (DX).

GS E&R introduced that this system has reduced the wind power generation forecasting error rate to below 10% for the first time in the industry. It optimized forecasts for each turbine by reflecting various characteristics around the turbines, such as geographical and topographical factors, altitude differences, and ground roughness, into the numerical forecasting model.

GS E&R explained that achieving a single-digit error rate is especially meaningful because wind power forecasting is more challenging than solar power. Due to the nature of wind generated mainly in mountainous terrain, the figures vary depending on the turbine's location, altitude, and wind characteristics even within the same wind farm.

GS E&R's experience operating a large-scale onshore wind power complex with a capacity of 126 MW (megawatts) and a wind-linked energy storage system (ESS) in the Yeongyang and Yeongdeok areas of Gyeongbuk also served as the foundation for developing this forecasting system. GS E&R plans to expand partnerships with domestic wind power complexes and extend its reach into the group-level virtual power plant (VPP) business through this commercialization. A VPP is a system that connects distributed small-scale power resources into an integrated network and operates them as a single large power plant.

A GS Group official said, "GS E&R's power generation forecasting solution is expected to reduce forecasting uncertainty for wind power operators, increase profits, and contribute to national energy stability."

This commercialization of the wind forecasting system is also noted as a case where the DX promoted by GS Group has materialized into a new business. Since Chairman Heo Tae-su's inauguration, GS Group has been innovating its business under the motto of "future growth through digital and eco-friendliness." Chairman Heo has emphasized that "digital AI technology should not be isolated within the IT sector but should solve on-site problems and create new businesses through digital and AI."

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