RVC and Korean LSIS Agree on Exchanging Innovations in the Field of Intellectual Energy


RVC and the Korean electric power company LSIS agreed on the exchange of technology innovations in the field of equipment, software, engineering and services of the market of electric power systems as part of the implementation of the roadmap of the National Energy Initiative. RVC Innovation Infrastructure Development Director Mikhail Antonov and Technical Vice President of LSIS Kwon Bon Hyun signed the corresponding memorandum at the Open Innovations International Forum.

The main direction of cooperation will be the exchange of experience in creating and introducing technologies in the field of the formation of smart energy and the commercialisation of innovations in the Russian and Korean markets. The parties will provide each other with expert and engineering support, helping in promoting the products of domestic companies abroad. The memorandum was signed within the framework of the implementation of the roadmap of the National Technology Initiative "Energy", aimed at the formation in Russia of the market of multi-scale integrated systems and services of intellectual energy.

"In the field of development of the electricity sector, our countries have similar tasks: optimisation of energy consumption, reduction of accidents at power plants and in the grid complex, increasing the usability of electricity by end users. We highly appreciate the support of Korean partners, and we are confident that the exchange of experience between our countries will help promote domestic innovation companies to international markets,” said Mikhail Antonov, Deputy General Director — RVC Innovation Infrastructure Development Director.

“Today’s signing is our first experience of cooperation with Russia. In Korea, there is quite a rich experience in the development of intellectual energy technologies; we believe that the future lies with them. This expertise is a significant contribution to our cooperation,” said Kwon Bon Hyun, vice president, and technical director of LSIS.

The roadmap of EnergyNet NTI was approved by the Presidium of the Council under the President of the Russian Federation on the modernization of the economy and innovative development of Russia in 2016. It is aimed at developing new technologies in the electric power industry, creating new products and forming markets for an efficient and convenient ecosystem of interaction between energy producers and consumers. According to the plans of the roadmap, by 2035 the volume of revenues of Russian companies in the global market of integrated systems and services of intellectual energy should be at least $40 billion a year. Domestic manufacturers should take a significant share in the international market: reliable and flexible distribution networks — 10-12%; intellectual distributed energy — 3-6%; consumer services — 3-6% of the world market.

RVC has been cooperating with South Korea in the field of innovation since 2014. RVC partners include large Korean development institutions, universities and corporations. RVC collaborates with the Ministry of Commerce, Industry and Energy of the Republic of Korea, the Korean Institute of Technology Development (KIAT), the Korean Technology Venture Fund, and Samsung Research Centre in Russia.

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