South Korean PV company Haezoom signs NEMOCS contract

Using Next Kraftwerke’s VPP-as-a-service solution, Haezoom will obtain live data from their assets and, thus, will be enabled to operate them according to grid situations and fluctuating decentral power supply, also encompassing a curtailment option through the central control system of NEMOCS.

NEMOCS networks and optimizes operation of power-producing and consuming units. It can connect thousands of assets, process their data in real time, and execute operational commands if needed. This allows NEMOCS clients to set up their own Virtual Power Plant without costly infrastructure investments. Jochen Schwill, founder and CEO of Next Kraftwerke: “NEMOCS incorporates ideas and features from our own IT experts and power traders. We are happy to share our experience and expertise with international partners, especially with a company as progressive as Haezoom.”
The South Korean power market will soon shift to a more liberal market setting, creating space on the market for new roles. These include power aggregators and renewable energy traders responsible for forecasting power production. 

The South Korean power market will soon shift to a more liberal market setting, creating space on the market for new roles. These include power aggregators and renewable energy traders responsible for forecasting power production. Jongkyu Kim, CTO at Haezoom: “As the first registered power aggregator in South Korea, we are planning to operate VPPs with Next Kraftwerke’s NEMOCS, combined with our solar forecasting technology using the newly launched Korean satellite Chollian-2A. We chose Next Kraftwerke’s NEMOCS because we are convinced that the VPP approach is the most promising way to deal with decentral renewable energies in a more liberalized market environment and we trust in Next Kraftwerke's decade-long IT and power market experience. We are excited to collaborate on this strategic project with such an innovative company who shaped European VPP business.”