Agreement on smart grid development in Korea and globally


Song-Man Cho, CEO
of NURI Telecom
and Bob Gilligan,
VP of GE Energy
Atlanta, GA, U.S.A. and Seoul, Korea — (METERING.COM) — September 23, 2009 – An agreement as been concluded between power generation and energy delivery technology supplier GE Energy and smart grid technology provider NURI Telecom Ltd. to collaborate on smart grid development in Korea and globally.

A statement from GE says that the company will work together with NURI Telecom to build an advanced smart grid infrastructure in Korea.

NURI Telecom says in its statement that the main contents of the agreement pertain to establishing a communication mechanism to exchange information and market intelligence related to smart grid, and to cooperating to promote the further business success of both companies, as well as to exploring smart grid related business opportunities where it is appropriate for the companies to work together in the global market.

“GE recognizes the importance of collaborating with technology and delivery partners to realize the promise of a smarter grid,” said Bob Gilligan, vice president of GE Energy’s transmission and distribution business. “NURI’s products and global expertise, especially in advanced metering infrastructure (AMI), fit well with GE’s end-to-end smart grid capabilities.”

“As Korea continues to raise its global economic profile, the need for a complete set of smart grid solutions becomes more critical,” said Song-Man Cho, president and CEO of NURI Telecom. “We are excited about working with GE so that our complementary technologies can help deliver reliability and performance gains throughout Korea’s energy infrastructure.”

Cho added in NURI Telecom’s statement that the agreement will let the company establish a bridgehead to enter the U.S. smart grid market, and will strengthen the company’s marketing power in overseas AMI markets.

According to the statement the two companies are preparing for the award of AMI system implementation for electricity and gas in the U.K. as their first collaborative business.