AUSTIN, Texas – HanAra Software and its South Korean-based parent company BNF Technology partner with Korea-South East Power (KOEN) to help the industry increase plant operation efficiency and achieve carbon neutrality. Through a pilot project starting in March 2021 at the Yeongheung Power Project, the 800-MW thermal power plant in South Korea monitors power plant efficiency through an HanPrism EPOMS (Efficiency-Based Plant Operation Monitoring System). KOEN plans to expand the usage of the monitoring solution at other units soon.
By collecting and analyzing real-time efficiency variables and transforming the data with an operational evaluation index algorithm, KOEN has a clear view of the current operating state impacting the overall energy efficiency. With this information, plant operations have the necessary information to make real-time and critical judgments based on the current operational situation.
The program’s pilot and future expansion are part of KOEN’s efficiency goals. KOEN set a goal of improving power plant efficiency by 0.2% by 2025 and 0.5% by 2030. KOEN will enhance its sustainability efforts and reduce operational costs by improving day-to-day operational decisions. With this platform at a single unit, KOEN expects to:
- Reduce carbon dioxide (CO2) emissions by 74,700 tons
- Reduce carbon emission costs by over 0.8 M USD (800 million won)*
- Reduce fuel costs by 6.6 M USD (6.6 billion won)*
Hojoon Seo, president of HanAra Software and BNF Technology, said, “As a software provider, we strive to provide value to our customers in our solutions and services. Projects like KOEN’s efficiency monitoring represent our mission of improving the world’s infrastructure. We look forward to our continued partnership with KOEN and the expansion to additional sites.”
To access the article in Korean, go here.
*1 USD = 1,000 won
About KOEN
Korea South-East Power Company (KOEN) focuses on providing a stable and economical power supply to South Korea. To foster the nation’s innovation and growth, KOEN operates with three guiding principles: cost innovation, process innovation, and field innovation. Through its adoption of advanced technology, KOEN strives to be the global standard of technology adoption in the power generation field.
With its , KOEN represents 10% of Korea’s power generation capacity. KOEN operates a mixture of thermal and combined power plants that utilize LNG and coal with some renewable energy sources. To help manage and monitor its power generation sites, KOEN uses HanAra’s data historian HanPrism and predictive analytics solution HanPHI.
About HanAra Software
HanAra Software connects industry knowledge with innovative technology to provide integrated data management and predictive maintenance solutions. Through the implementation of HanAra solutions, organizations enjoy results including reduced costs, increased efficiencies, and ultimately improved safety. HanAra Software combines solutions with training and care programs to support customers every step of the way.
HanAra Software is the North American headquarters of South Korean-based BNF Technology. BNF Technology is a professional software development company that provides optimized software solutions for operational management of the process industry. Since 2000, BNF Technology has provided various solutions to more than 250 units across two continents to help them achieve operational excellence.
