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NET-ZERO (Sustainable Energy Environment)

VPP
A system that implements various distributed energies in a virtual space with energy and ICT convergence technologies, such as digital twin and IoT, and operates them efficiently, or connects and controls them based on the cloud for integrated operation.
Technical overview

Technology that predicts important variables such as future power generation of combined energy system based on digital twin technology

The technology is used for optimization and problem solving of the combined energy technology

Necessity and importance

(Market) The energy digitalization market is expected to grow from $52 billion in 2018 to $64 billion in 2025 (source: BNEF)

(Policy) This technology is in line with the intensive nurturing of 16 key technology areas to support energy transition and changes in the energy industry ecosystem in the Energy Technology Development Plan (2020) In the 9th Basic Plan for Long-Term Electricity Supply and Demand (2020), the proportion of renewable energy in 2030 is expected to reach 33.1%, reaching a total of 57.9 GW

Applications

<  Applications  of  digital  twin  system  >

Areas Description
Energy

Distributed energy control technology that can maximize flexibility by actively responding to renewable energy volatility

Use as a means of technical verification for new energy services such as VPP, RE100, and V2G

Active system management technology that accurately predicts and reacts to the energy supply and demand situation

Technical overview

Virtual power plant (VPP) system technology that provides the same function as one huge power plant by integrating various energy resources that are physically separated with ICT technology

VPP is used for varification of optimal energy operation technology considering economic feasibility and reliability

Necessity and importance

(Market) The global VPP market is expected to grow to about $ 1.187 billion in 2023 (source: P&S Market Research)

(Policy) In the line with the Distributed Energy Activation Promotion Strategy (‘21.6), market and system is planned to be made for expansion and participation in the electricity market of the distributed energy Enhancement of energy management capabilities through the introduction of the integrated power plant system

Applications

<  Applications  of  VPP  system  >

Areas Description
Energy

Small-scale distributed resources and P2P electricity trading technology

Fast DR and Plus DR technology for system stabilization and contribution of auxiliary services

Integrated management and operation technology for resources that are difficult to predict energy supply/demand, such as renewable energy and mobile demand resources (electric vehicles, etc.)