Page 29 - IFIA_Magazine_No16

IFIA Magazine
March 2023

organizer. energy industry, whereby CEOs of local and
foreign energy firms, experts from research
Officials of 233 local and global energy institutes and professors can share and ad-
firms attended the BIXPO 2022 held at Kim- vance discussions for the better future of
daejung Convention Center, where academ- the energy market.
ic discussions and new energy technologies
demonstrations will continue through Friday. The challenge of maintaining security and
economic efficiency will be overcome, as lift-
KEPCO seeks to elevate the annual confer- ed by more efficient power grid plans, in-
ence to a global must-visit event, as un- vestments, innovative technologies, and poli-
derpinned by compelling storytelling where- cy assistance, according to participants.
by attendees are able to understand and
experience the inner workings and growth The KEPCO R&D Master Plan will show de-
potential of energy value chain operations. tails on ways to bolster the energy transi-
tion, expansion of new renewables, and es-
Energy projects are equally prioritized re- tablishment of a smart power grid.
gardless of commercial viability as green ini-
tiatives that can engage the entire process Arshad Mansoor, CEO of Electric Power Re-
encompassing energy sources procurement, search Institute (EPRI), a U.S. research or-
production, and consumption, all in the con- ganization, gave a speech under the theme
text of sustainability and safety. of “A Climate Ready Power System ͸ Resil-
ient and Affordable Decarbonization” at the
Among in attendance were Korea’s Hyun- opening ceremony.
dai Electric, LS Cable & System, and Hy-
osung Heavy Industries ͸ the three energy The priority of the future energy system
and power generation affiliates of Hyundai should be, he said, making energy cleaner,
Group, LS Group and Hyosung Group, re- more affordable, and reliable, as enhanced
spectively. by the continued commitment towards a
gradual transition to low-carbon resources,
Their global peers included Hitachi, a Japa- including biofuels and biogas.
nese multinational conglomerate, Oracle, an
American multinational computer tech firm, Power system modernization, smart technol-
and 3M, an American multinational conglom- ogy-enabled advanced analytics, upgraded
erate, as well as 40 energy startups. infrastructure, and overall control systems
will help advance digitization.
The annual conference had 43 sessions,
including 35 professional technology confer- Enhanced resilience of the energy system
ences, on the topics of production, trans- will, in turn, fortify the reliability of power
port, consumption, policymaking, safety, and generation, as reinforced by advanced asset
security. design, strategic undergrounding, and closer
integration of energy carriers.
Among the sub-sections was the Ener-
gy Leaders’ Summit (ELS), an international The objectives will help Korea achieve net
event KEPCO seeks to elevate to the level zero by 2050, as buttressed by efficient
of the World Economic Forum for the power electrification and efficiency in buildings, in-
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