GS chairman pins hopes on smart grids

GS Group chairman Huh Chang-soo on Friday stressed smart grids as key to the future growth and climate efforts of Korea’s fifth-largest industrial group.

Huh called on company officials to develop new technologies and boost commercialization capabilities for the conglomerate’s signature energy business during his tour to smart grid test-bed facilities on Jeju Island.

The nascent technology enables transferring electricity loads to off-peak hours via a two-way, real-time communication between power suppliers and consumers.

“We need to transition to a low energy consumption society through rational and efficient power use,” he was quoted as telling officials from GS Caltex Corp. and GS Engineering & Construction. 

For full article, see Korea Herald.