The many benefits of participation
All interviewees expressed their firm belief in the importance of standardization. They explained how participation in IEC work offered them easy access to the pool of knowledge and experience of engineers across the whole world, how it helps accelerate technological innovation and access to markets. Taking an active part in the development of International Standards also ensures a higher level of interoperability between products, systems and installations.
Among the additional benefits that active participation in IEC standardization work brings, they cited the opportunity to learn of new technological developments and to have their voice heard in the process. Having large multinational companies and SMEs (small and medium enterprises) working together on the standards development process is also a plus. They added that their involvement was a way of strengthening their IP (intellectual property) rather than a threat, as some may fear.
All agreed that IEC International Standards are vital in tackling the challenges brought by the need to modernize existing power infrastructure and the emergence of the Smart Grids, to integrate more renewable energy sources and to develop viable energy storage solutions.
LSIS - Strengthen IP, increase revenue
In his interview, Dr Ja-Kyun Koo, CEO of LSIS, a global leader in the field of power solutions, automation and green business, explains why it is very important for a company to be able to monetize R&D and IP investment and how a standardization strategy can help in this. (see articlein e-tech November 2013)
NERSA - Enable interoperability, secure investment
IEC Global Visions interviewed Thembani Bukula, Regulator Member at NERSA and a member of the IEC CB (Council Board), who explained why the use of IEC International Standards and participation in IEC work allow countries to ensure that investment in national electrical infrastructure is secure, reliable, safe and affordable. (see article in e-tech January/February 2014)
SGCC - Sharing know-how – Building bigger markets
Dr Yinbiao Shu is President of State Grid Corporation of China, the largest electric utility company in the world which occupied 7th place on the global Fortune 500 list 2013. He is also one of three Vice Presidents of the IEC. In this interview, Shu explains how active participation in IEC work has enabled SGCC to first build a reliable infrastructure in China and then to contribute significantly to global power technology development. (see article in e-tech October 2014)