drives South Korean smart grids
Bloomberg Businessweek reports.
South Korean president Lee Myung Bak passed the ordinance in a Cabinet meeting, creating a legal framework for electric car recharging services and power distributors that use smart-grid networks.
On-Ramp Wireless agreed to deploy its advanced metering infrastructure system for South Korean smart metering company, Fountain Springs in collaboration with Korea Telecom, GreenBiz states.
The deployment is part of the country's Jeju Smart Grid Test-Bed project, considered one of the largest smart grid projects in the world.
San Diego, California-based On-Ramp Wireless recently unveiled its Ultra-Link Processing (ULP) wireless networking platform to collect and transform AMI data for utilities.
According to Smart Grid, South Korea is Asia's fourth-largest energy-consuming nation, and is expected to invest close to 27.5 trillion won ($24 billion) by 2030 building smart grids.
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