Expansion of smart grid and establishment of digital management system

business overview

Country (trade office) Italy (Milan)
Project name Expansion of smart grid and establishment of digital management system
Business Category Others
Overseas ordering company Italian Ministry of Economic Development
project schedule 2021-2026
financing EU Economic Recovery Fund
Scale Total $47 billion (EUR 9,000 billion)
Project period 2021-2026

Job Description

Main Content
  • Strengthening the power grid and promoting energy efficiency improvement
    – A project carried out in the energy sector within the Italian national reconstruction project, together with the Ministry of Economic Development, local government, and power supplier
    Project progress
  • Minimize energy loss by building a smart grid for electricity and gas
    – Maximize energy efficiency by minimizing losses due to the movement of already produced energy, including renewable energy, and increasing mobility
  • Sequential smart meter replacement through bidding notices by region
    – Nationwide expansion of the smart grid project started in 2012 and replacement of the smart meter built in the early stage
    Proceed with the power supplier for each local government
Reason for selection
  • Korean companies participate in the smart grid project that has already been carried out
  • High possibility of entering the local market mainly for consumables such as lithium-ion batteries in the smart meter replacement business

entry plan

opportunity factor
  • The smart grid construction project is a field that requires both technology and product supply, and it can serve as an opportunity for Korean companies.
Threats
  • It is necessary to build trust between Korean companies and Italian companies due to slow payment due to public bidding.
local collaboration
possible company
Other notes
  • Independent bidding support through local investment is also possible, but bidding support is possible in collaboration with Italian smart grid-related parts producers.
  • Technical cooperation with smart meter development companies is possible from the design stage