GE Breaks Into Korean Smart Grid Market

GE (NYSE: GE) has partnered with NURI Telecom Ltd. (040160.K) to pursue smart grid infrastructure in South Korea.

“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.”

Korea is currently embarking on several Smart Grid initiatives, including the development of a smart grid road map and a smart grid pilot project on Jeju Island.

"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."

Through industry collaborations, GE said it will offer a portfolio of technologies in the industry to modernize the electrical systems from the power plant to the consumer.

NURI has expertise in designing and manufacturing hardware and software systems for AMI. NURI is best known for its IT integrated management solutions, ZigBee application, auto identification (barcode/RFID), digital TRS (trunked radio system), and USN line service.

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