SOURCE: PowerStream Inc.

PowerStream

August 30, 2016 10:26 ET

Korea Media Tours PowerStream-KEPCO Microgrid in Penetanguishene

Delegation From Six South Korea Media Outlets Gets Firsthand Look of Innovative Technology

PENETANGUISHENE, ON--(Marketwired - August 30, 2016) - A delegation representing six major media outlets from South Korea travelled here Monday to learn more about the innovative microgrid project PowerStream and its partner, the Korea Electric Power Corporation (KEPCO) launched in June 2016, which currently provides several hours of backup power supply for approximately 400 customers in the area.

The delegation, first welcomed by Jeff Lees, Chief Administrative Officer at the Town of Penetanguishene, and other officials from the municipality at the local town hall, afterwards toured the microgrid facility located adjacent to PowerStream's Robert Street Municipal Substation. The Korean media representatives interviewed several smart grid experts from PowerStream and KEPCO about the microgrid technology and its positive impacts on customers in Penetanguishene.

The event also provided PowerStream and KEPCO with an opportunity to further promote this cutting-edge technology in their combined effort to facilitate its commercial growth throughout North America and around the world.

QUOTES

  • "Our Penetanguishene Microgrid Project is a testament to our commitment to offer innovative, reliable and sustainable energy solutions to customers in our service territory and beyond," said Maurizio Bevilacqua, PowerStream Chair and Mayor of the City of Vaughan. "We trust that the media representatives from South Korea were able to learn about the endless opportunities that this technology will bring to global smart energy market."
  • The South Korea journalists that joined us here today, and the media outlets they represent, are well-respected in our country," explained Seongchul Kwon, Principal Researcher, KEPCO Research Institute. "We look forward to seeing their stories about the tour of this facility."

BACKGROUND

  • South Korea media outlets represented in the visit to Penetanguishene included NEWSPIN, the Busan Daily, Korea IT News, the Aju Business Daily, CBS and the Financial News.
  • In November 2013, PowerStream became one of the first utilities of its size in North America to initiate a proof-of-concept Microgrid as a demonstration project at the company's head office in Vaughan.
  • In June 2016, PowerStream and KEPCO officially launched its utility-scaled microgrid in Penetanguishene.

ABOUT POWERSTREAM

PowerStream is a community-owned energy company that provides power and related services to more than 380,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. It is jointly owned by the Cities of Barrie, Markham and Vaughan.

ABOUT KOREA ELECTRIC POWER CORPORATION

The Korea Electric Power Corporation (KEPCO) is the largest electric utility in South Korea and responsible for the generation, transmission and distribution of electricity as well as the development of electric power projects. The utility is responsible for 93% of Korea's electricity generation. KEPCO was ranked 97th on the Forbes Global 2000 public companies list and 1st in the electric utility sector this year.

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