Canadian Smart Grid & Energy Storage System (ESS) R&D Mission to South Korea
January 22-25, 2019
Global Affairs Canada through the Embassy of Canada in Seoul and the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP), will be pleased to receive your application to participate in the “Canadian Smart Grid & ESS R&D Mission to South Korea” , which will take place from 22-25 January, 2019 in Seoul, South Korea.
Note that interested companies must apply no later than November 16, 2018.
The mission will focus on establishing industrial R&D collaboration opportunities (specifically to discover and outline potential technology validation, adaptation and co-development projects) between Canadian and Korean companies.
Canadian Delegation Profile
Canadian participants should meet the requirements below in order to benefit from this initiative:
- Profit-oriented small or medium-size enterprise incorporated in Canada;
- Previous experience in commercializing technology for domestic or international markets;
- Capacity and interest to co-develop technology with Korean partners;
- Committed to expansion to the South Korean market; and,
- Sufficient working capital and human resources to undertake a multi-year R&D collaboration and commercialize the results.
The Canadian Smart Grid & ESS R&D Mission will take place over a 4-day period. Elements of the mission will include:
- Tailored B2B meetings with Korean companies to discuss R&D collaboration opportunities;
- Site visits with leading Korean companies and/or research centres;
- Participation in a Smart Grid & ESS networking event where Korean companies, industry associations, researchers, and public agencies will be invited; and,
- Speaking opportunities for Canadian participants to present company capabilities in industrial R&D collaborations.
Areas of focus for the Canadian Smart Grid & ESS R&D Mission to South Korea include:
- Smart power grid, smart transmission system, smart distribution system;
- Smart electric devices;
- Rechargeable batteries;
- Battery management system, power conversion system, power management system.
Smart Grid and ESS in South Korea
In 2017, the newly elected Korean government announced an ambitious plan to expand renewable energy to 20% (58.5 gigawatts) of South Korea’s total power generation by 2030 (required investment estimated at KRW 110 trillion (CAD 129 billion) while gradually phasing out nuclear generation (currently 12% of electricity supply). According to this plan, solar and wind power energy will account for 90% of new infrastructure investment in power generation. To achieve this goal while maintaining competitive electricity pricing and a stable electricity supply, the South Korean government is supporting implementation of smart grid and ESS solutions. A new Smart Grid Basic Plan was introduced in August 2018 and it focuses on advanced metering infrastructure (AMI), an electricity big data platform and electricity trading businesses, among others. The government announced a budget of 4.5 trillion Korean won (about CAD$ 5 billion) from 2018 to 2022 for this new plan.
Over 160 Korean companies are active in the smart grid and Energy Storage Systems sectors in South Korea. For example, Korean companies such as Samsung SDI, LG Electronics, and Doosan Heavy Industry have developed and begun exporting their own ESS systems. On the demand side, KEPCO, the partly state-owned near-monopoly electrical utility, and its power-generation affiliates are both procuring and supplying energy storage systems, both in Korea and abroad. As an example of expected demand, ESS capacity in Korea stands at 1.8 GWh and is forecast to reach 4.7 GWh in the near future. Various corporate and public R&D centres are also active in renewable energy pilot projects and commercialization, such as KEPCO and its R&D affiliate KEPRI, Korea Energy Technology Evaluation and Planning (website in Korean only), and the Korea Institute of Energy Research. Collaboration with Korean partners on joint product development and other innovation-related activities could help Canadian companies with new technology and solutions to gain access to the local market and Korea-based supply chains, among other opportunities.
- South Korea imports 97% of its energy needs and is one of the largest importers of crude oil, coal and liquefied natural gas.
- 84% of South Korea’s energy supply relies on non-renewable sources (petroleum: 41%, coal: 27.9%, LNG: 14.8%) while renewables account for 5.6% as of 2018.
- South Korea is the 9th biggest energy consumer and the 7th biggest carbon dioxide emitter in global energy consumption since 2016.
- To address public concern, the new South Korean government (elected in May 2017) has repeatedly vowed to phase out nuclear-generated electricity.
Financial support for Travel to the Mission
The Canadian International Innovation Program (CIIP) may provide financial support to eligible participants for 50% of all eligible expenses (see application process below) such as:
- Economy airfare;
- Local transportation;
- Meals; and,
- Conference registration fees.
How to Apply for Participation
- Interested companies should request an application form from Young Jin Kim (email@example.com), Trade Commissioner at the Embassy of Canada in Seoul. A complete application form requesting additional information on your company and your technology and your interest in discussing possible R&D opportunities will be sent to you;
- Completed application forms are due no later than November 16, 2018 to Young Jin Kim (firstname.lastname@example.org);
- The Embassy of Canada in Seoul and NRC IRAP will select companies to participate in the mission. Selected applicants can expect to be notified no later than November 28, 2018;
- Companies formally selected to participate in the mission will be invited to apply for travel funding support. Interested participants should request a travel funding form from Young Jin Kim (email@example.com);
- Companies who have applied for travel support can expect to be notified of the decision on travel funding support no later than December 14, 2018.
Canadian International Innovation Program (CIIP)
Global Affairs Canada (GAC) in collaboration with the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) delivers the Canadian International Innovation Program (CIIP) in South Korea. CIIP supports industrial R&D collaborations between Canadian SMEs and companies in key markets, including South Korea. Collaborative R&D projects (validation, adaptation and co-development) between Canadian and Korean companies resulting from the Canadian Smart Grid & ESS R&D Mission to South Korea may be eligible to apply for CIIP project funding.
- Date Modified: