Hyosung aims to be IT based energy solution company

Hyosung Group President Cho Hyun-jun, right, talks about a power transmission system using big data with an official of French utility company Alstom, at Conseil International des Grands Reseaux Elecrtiques(GIGRE), in Paris, France, Tuesday. / Courtesy of Hyosung Group

By Park Jin-hai

Hyosung Group President Cho Hyun-jun came on the fore, marketing its IT-based energy solution at a global energy fair in France.

Cho is on a five-day visit to the Conseil International des Grands Reseaux Elecrtiques(GIGRE) that opened on Aug 25.

“Hyosung has earned global recognition in electricity and Internet of Things (IoT) areas. By converging the two, we have improved energy efficiency and reliability of smart grids,” he said.

He made the remarks when he met Frederic Salon, regional commercial vice president East Asia Pacific at Alstom, and an executive of Algeri’s state-run utility firm Sonelgazduring the conference.

“By utilizing big data, we aim to be a global-leading energy solution provider in the power transmission and distribution sector,” he added.

Hyosung has won this year to build 400kV substation in Algeria.

During the biennial conference, the company presented four thesis on its latest technologies on energy storage system, discharge monitoring system for high-voltage transformer, commercialization of STATCOM, a regulating device used on alternating current electricity transmission networks, and the installation and operation of its Qatar power substation networks.

Some 8,000 officials from 250 companies and research centers as well as government authorities attended the event.

Hyosung’s booth at the GIGRE showcases its cutting-edge solutions, electric devices and systems that can idealize the operation of each distributing substation.