Vivian Launches AI and Edge-Based Wind and Renewable Energy Business with Techtrek MOU

Youngsub Sohn, CEO of Vivian (right), and Jincheol Jang, CEO of TechTrek, are taking a commemorative photo after signing a business agreement in the main conference room of Vivian's headquarters located in Jung-gu, Seoul. Provided by Vivian

Fashion company Vivian is entering the wind and renewable energy business by integrating artificial intelligence (AI) and edge computing technologies. Its strategy is to discover new growth engines by combining its existing distribution and sales infrastructure with energy management technology.

On the 16th, Vivian announced that it had signed a memorandum of understanding (MOU) with Techtrek, a company specializing in information and communication technology (ICT) and energy control solutions, to jointly develop new business opportunities in the energy industry sector.

This agreement was promoted to enhance the operational efficiency of energy facilities by combining Vivian's distribution and sales infrastructure with Techtrek's AI and edge computing capabilities. The two companies plan to build integrated control and fault prediction solutions for renewable energy facilities such as wind power, solar power, and energy storage systems (ESS).

Specifically, they will collaborate on: ▲ integrated monitoring of energy facility data such as solar power, power conversion systems (PCS), and ESS ▲ AI- and edge-based standardization of facility data ▲ development of preventive maintenance and predictive maintenance solutions through preemptive fault detection ▲ technology verification (PoC) and demonstration projects ▲ joint participation in new businesses and government projects in special purpose vehicles, public, and defense sectors.

The companies are also reviewing applications for the initial projects. They plan to evaluate the applicability to projects including Honam Renewable Energy Corporation, and will confirm the technological effects in real operating environments through pilot and technology verification projects. Afterward, they intend to establish joint business and revenue models.

Techtrek is a specialized company led by CEO Jincheol Jang, who has overseen major ICT and renewable energy management projects for 34 years, including at SK C&C, Incheon International Airport, and Suseo SRT. The company is developing related businesses based on Internet of Things (IoT) control technology and energy management solutions.

The roles of the two companies are also divided. Vivian will be responsible for discovering new business opportunities, linking them to its sales network, and business expansion, while Techtrek will handle AI and edge platform design, data standardization, and overall project management (PMO).

Vivian aims to expand its business domain from renewable energies such as wind and solar power to the broader industrial infrastructure sector through this collaboration.

Youngsub Sohn, CEO of Vivian, stated, "The AI and edge computing technology owned by Techtrek is a core capability for enhancing efficiency in the energy and industrial fields. By combining the strengths of both companies, we aim to secure new growth engines that will drive advancement in renewable energy such as wind power and industrial infrastructure."

This content was produced with the assistance of AI translation services.