NuriFlex Makes Full-Scale Entry into Uzbekistan… “We Will Expand into the Central Asian Market”
NuriFlex Participates in the 2nd Korea-Uzbekistan Energy Forum
Eco Energy and CEMS Sign MOU for Cooperation
"We will expand our business into the Central Asian market"
[Edaily Reporter Kim Yeong-hwan ] NuriFlex ( NuriFlex(040160)), a company specializing in energy IoT platforms, announced on the 8th that it has signed a Memorandum of Understanding (MOU) with ECO Energy, an energy company under the Uzbek government, to collaborate on technology in the fields of Community Energy Management Systems (CEMS) and renewable energy.Han Jeong-hoon, President of NuriFlex (left), poses for a commemorative photo with Umar Asadov Khabibullayevich, Director of ECO Energy—a government-affiliated enterprise under Uzbekistan’s Environmental Protection Agency—after signing the Memorandum of Understanding (MOU) on technical cooperation. (Photo courtesy of NuriFlex)
The two companies signed the agreement at the “2nd Korea-Uzbekistan International Energy Value Networks Forum” held in Tashkent, Uzbekistan, and agreed to jointly explore ways to enhance energy efficiency and build smart energy infrastructure in Uzbekistan based on CEMS technology. They also plan to expand various forms of cooperation, including local demonstration projects and commercialization.
This forum was held as part of a project led by Korea Western Power to support the development of the Uzbek energy market. NuriFlex participated to introduce the “Development and Demonstration Project for a Community Energy Management System for Demand-Based Energy Efficiency,” which it is jointly developing with GS Engineering & Construction Corp with support from the Ministry of Energy of Uzbekistan, the Korea International Cooperation Agency (KOICA), the Korea Industrial Technology Consulting (KICC), and the Korea Energy Technology Evaluation and Planning (KETEP).
GS Engineering & Construction Corp, the lead research and development institution for the project, also participated in the forum to introduce community-level energy management technology. Officials from the Uzbek government—which is pursuing urban modernization—and local industry representatives reviewed Korea’s R&D achievements and assessed their potential for local application.
Han Jeong-hoon, CEO of NuriFlex, stated, “Starting with our collaboration with Eco Energy, we will successfully carry out the local demonstration project,” adding, “We will contribute to Uzbekistan’s energy modernization through a flexible CEMS utilizing distributed energy resources and expand our business into the Central Asian market.”
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