IDEA, Korea District Heating Association Sign Cooperation Agreement; Groups Pledge to Collaborate on Energy Research, Information Exchange.
BOSTON -- The Boston-based International District Energy Association (IDEA) and the Korea District Heating District heating (less commonly called teleheating) is a system for distributing heat generated in a centralized location for residential and commercial heating requirements. Association (KDHA KDHA Kentucky Dental Hygienists' Association
KDHA Kansas Dental Hygienists' Association ) have entered into a formal cooperation agreement, pledging to collaborate on research activities and the exchange of technological information and business practices. The agreement was signed March 16 at the U.S. Department of Commerce offices in Washington, D.C., by Robert P. Thornton, chief executive officer and president, IDEA, and Young-Nam Kim, chief executive officer and president, KDHA.
The signing ceremony A signing ceremony is a ceremony in which a bill passed by a legislature is signed (approved) by an executive, thus becoming a law.
Modern-day signing ceremonies are derived from ceremonies that occurred when the British monarch gave Royal Assent to acts of Parliament. was hosted by Michelle O'Neill Michelle O'Neill MLA is a nationalist politician in Northern Ireland. She was elected in 2007 to the Northern Ireland Assembly as a Sinn Féin member for Mid-Ulster. , deputy under secretary for international trade, who oversees the U.S. Department of Commerce's International Trade Administration. (For more on ITA ITA
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The cooperation agreement, or 'memorandum of understanding,' states the organizations will exchange information in the areas of district heating and cooling and renewable energy; designate managers to implement and coordinate collaboration; and work together to establish an IDEA Far East chapter to be based in Seoul, South Korea. The chapter's goal will be facilitating the exchange of technical and industry information and assisting IDEA members in better serving the global district energy community.
IDEA initiated the agreement with the KDHA as part of its participation in the U.S. Department of Commerce Market Development Cooperator Program. In 2005 IDEA received a grant through the department's International Trade Administration to help small- and medium-sized U.S. member companies provide goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. in the Middle East, China and Korea.
According to the IDEA's Thornton, Korea is a strategic market sector for the exchange and promotion of U.S. technologies, products and services in the global expansion of district cooling, district heating and combined heat and power. In particular, Korean district energy companies are interested in district cooling system development and the integration of renewable and fuel-flexible technologies like wood waste, biomass and landfill gas for district energy facilities. U.S. systems can learn from Korean experience in serving large blocks of residential buildings and integrating multiple heat sources into larger district networks.
KDHA President Kim also serves as president and chief executive officer of Korea District Heating Corp. (KDHC KDHC Korea District Heating Corporation ), a large utility company that owns, operates and manages 14 district heating systems in greater Seoul, South Korea. In 2005 KDHC had annual revenues of 487.5 billion won (more than $501 million). The company is seeking to expand its business with the goal of providing district cooling and heating services to 1.5 million households nationwide by 2015 and generating annual sales of 1.5 trillion won (more than $1.5 billion).
In 2002, the energy-saving effect of KDHC's district energy system was a 53 percent reduction in fuel consumption in its service area - approximately 663,000 tons carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. - compared with conventional heating systems, resulting in $342 million of avoided fuel costs. Additional environmental benefits of KDHC's system included a 23 percent reduction of greenhouse gas emissions compared with conventional heating systems - approximately 1 million tons of sulfur oxide, nitrogen oxide and dust, plus 49 percent less carbon dioxide.
Kim was joined at the agreement signing by other representatives of the Korean district energy industry, including Tae-Il Han, vice president, KDHC; Kwi Hyun Kahng, manager, KDHC; and Dong-Kyu Park, commercial attache ATTACHE. Connected with, attached to. This word is used to signify those persons who are attached to a foreign legation. An attache is a public minister within the meaning of the Act of April 30, 1790, s. 37, 1 Story's L. U. S. of the Ministry of Commerce, Industry and Energy The Ministry of Industry, Commerce and Energy is a branch of the South Korean government. It is concerned with regulating economic policy, especially with regards to the industrial and energy sectors. The ministry also works to encourage foreign investment in Korea. of Korea.
While in the U.S. for the signing, the Korean delegation visited three district energy facilities to gain insight into the integration of combined heat and power and broader business opportunities for large-scale district cooling: Consolidated Edison's 660 MW combined heat and power facility in New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , home to the world's largest district steam system; the General Services Administration's Central Heating and Refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. Facility, which serves more than 100 buildings with district heating service and multiple buildings with district cooling service in downtown Washington, D.C.; and Thermal Chicago Corp., the largest district cooling system in the U.S., with more than 100,000 tons of cooling capacity, serving buildings in Chicago's downtown Loop.
With headquarters outside of Boston, Mass., the nearly 900-member IDEA was founded in 1909 and comprises district heating and cooling system executives, managers, engineers, consultants and equipment suppliers from 21 countries. Its core mission is to support the growth and utilization of district energy as a means to conserve fuel and increase energy efficiency to improve the global environment. For more on IDEA, go to www.districtenergy.org.