Employees check power demand and supply at the regional office of the Korea Electric Power Corp. in Suwon, 30 kilometers south of Seoul, South Korea. Photo by YONHAP / EPA
May 21 (Asia Today) — Korea Electric Power Corp.’s AI-based preventive diagnostics technology will be introduced to Germany’s power equipment market under the company’s largest-ever single technology transfer deal.
Korea Electric Power said Wednesday it signed a $1.34 million, or about 2 billion won, contract with German power equipment company Maschinenfabrik Reinhausen in Berlin on Tuesday. The South Korean utility will receive technology transfer fees from the German company over seven years.
The technology, called SEDA, analyzes about 100,000 pieces of substation equipment data a day. The system uses AI to detect abnormalities in power facilities by linking data from Internet of Things sensors, facility specifications and maintenance records.
Maschinenfabrik Reinhausen, founded in 1868, specializes in transformer load tap changers, sensors and digital solutions. The company has annual revenue of about 19 trillion won, or $12.6 billion.
The German company plans to apply SEDA to its TESSA 2.0 power equipment asset management platform. The platform monitors the condition of transformers, switchgear and other power equipment.
Korea Electric Power began using SEDA in South Korea in 2021. The system has been applied to 359 of the country’s 925 substations, or about 40%, and the company is gradually expanding its use.
The company said SEDA has detected an average of 15 abnormal signs per year over the past five years. Last year, the system helped prevent equipment damage worth 36.6 billion won, or about $24.3 million.
“This technology transfer is highly significant because it gives Korea Electric Power a key foothold for entering global markets, including Europe and North America,” said Yeo Geun-taek, head of the company’s transmission and substation operation office.
— Reported by Asia Today; translated by UPI
© Asia Today. Unauthorized reproduction or redistribution prohibited.
Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260521010006459