KEPCO Signs Largest-Ever Technology Transfer Deal... Targets Europe and North America with AI Diagnosis Technology

Signed $1.34 Million Contract with Germany's MR
Largest-Ever Single Technology Transfer for KEPCO
AI and Big Data-Based Substation Preventive Diagnosis Solution 'SEDA' Enters Global Market

On the 20th (local time) in Berlin, Germany, officials from Korea Electric Power Corporation and MR Company took a commemorative photo after signing a technology transfer contract for the power facility preventive diagnosis solution (SEDA). From left to right: Stephan Karl, Executive Director of Sales at MR Company; Geuntaek Yeo, Director of Transmission and Substation Operations at KEPCO; Wilfried Breuer, CEO of MR Company; Juergen Ach, Vice President of MR Company. KEPCO.

Korea Electric Power Corporation (KEPCO) has signed its largest-ever technology transfer agreement, leveraging its self-developed AI-based preventive diagnosis technology for power facilities, and is set to expand into the global market.

On the 20th (local time) in Berlin, Germany, KEPCO signed a technology transfer agreement for its power facility preventive diagnosis solution (SEDA) with Maschinenfabrik Reinhausen (MR), a global power equipment company.

The value of this contract is 1.34 million dollars (approximately 2 billion won), marking the largest single technology transfer case in KEPCO's history. KEPCO stated that this agreement serves as official recognition of its preventive diagnosis technology and operational know-how in the global market.

Since signing a memorandum of understanding (MOU) for the "joint development and commercialization of a power facility preventive diagnosis solution" in Regensburg, Germany, in September last year, the two companies have held a total of 21 commercialization consultations and technology valuation sessions. Through this process, they have pursued the development of a customized business model and the optimization of the technology.

The SEDA (Substation Equipment Diagnostic & Analysis system) is KEPCO's proprietary technology that utilizes IoT sensor data, big data analytics, and AI to automatically assess and diagnose the condition of substation equipment in real time.

MR plans to integrate this technology into its own preventive diagnosis platform "TESSA," developing it into a unified platform called "TESSA 2.0" for release to the global market. Through this, KEPCO's preventive diagnosis technology is expected to make a full-fledged entry into the European and North American markets.

With this agreement, the two companies have also decided to broaden the scope of their cooperation. To respond to increasing global demand, MR will prioritize the supply of its core transformer component, the on-load tap changer (OLTC), to KEPCO. In addition, they plan to strengthen collaboration in fire response technology and the development of eco-friendly equipment.

Yeogeun Taek, Head of Transmission & Distribution Operations at KEPCO, said, "This technology transfer is significant in that it has secured the key momentum for KEPCO's preventive diagnosis technology to make a full-fledged entry into global markets such as Europe and North America. Going forward, we will strengthen our global market competitiveness by expanding both domestic and overseas business and developing tailored business models."

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