"Overcoming Domestic Market Limitations by Developing Solar-Wind Hybrid Streetlights with More Than 8% Improved Efficiency Compared to Overseas Competitors!"

 

 

This is the achievement of HANEOLNURI Co., Ltd. (CEO Kwon Taek-jo), selected as an outstanding case in the technology development project of Chungbuk Technopark’s Regional Specialized Industry Promotion + (R&D) program.

 

◇ Successful Completion of the 'Bidirectional Remote-Control Solar Streetlight System' Project

 

HANEOLNURI, whose main products are solar streetlights and electrical construction works, carried out the Regional Specialized Industry Promotion + (R&D) project by Chungbuk Technopark for 21 months from April 2021 to December 2022. The project was titled 'Bidirectional Remote-Control Solar Streetlight System Equipped with a Wind Hybrid Power Operation System.'

The project’s goal was the localization of the core components of the control controller and the development of a smart solar streetlight capable of remote control.

In other words, the aim was to overcome the limitations of the domestic market through the technology development of solar-wind hybrid streetlights. HANEOLNURI successfully completed this project.

As a result, they achieved a breakthrough by developing solar-wind hybrid streetlights with an efficiency improvement of over 8% compared to overseas competing products, thus overcoming the limitations of the domestic market.

Although HANEOLNURI had accumulated technical know-how related to electrical equipment—from electrical and fire prevention to solar power installation—it clearly identified the limits of the domestic solar power generation market.

Therefore, utilizing their technological capabilities, they participated in government R&D projects to expand their business scope and strengthen export capacity. Through this project, HANEOLNURI addressed inefficiencies such as battery discharge issues that limited the lifespan of conventional solar streetlights, while also promoting the development of remote control monitoring technology for efficient power management and facility control.

 

◇ "Successful Business Expansion and Sales Increase"

 

As a result, technological advancements such as improved MPPT efficiency, reduced charging time, lowered power consumption, enhanced wireless communication output, improved power generation capacity, and elimination of cloudy day losses were achieved.

They also succeeded in developing a remote-controlled smart solar streetlight system with enhanced performance and localizing the core components of the control controller.

 

 

The product launched through this technology development is a solar-wind hybrid streetlight that improved efficiency by more than 8% compared to overseas competing products. Through technology development and new product launches, the company has successfully expanded its business areas. Additionally, HANEOLNURI filed a patent in 2022 for the technology of developing the solar-wind hybrid streetlight under the name "Remote-Control Capable Smart Solar Streetlight," securing intellectual property rights, and also obtained software quality certification for the ‘HSPC1 Monitoring System v1.0,’ ensuring the reliability of the technology.

Notably, the commercialized sales revenue related to the developed technology product reached approximately 3.254 billion KRW (including joint institution performance), and through registration with the Public Procurement Service’s e-procurement system (Nara Marketplace) and the School Marketplace, orders for 3,000 units were secured in 2023, with further sales growth anticipated.

Through sustained sales activities, HANEOLNURI’s business performance is expected to continue growing. Sales increased from 12.952 billion KRW in 2021 to 15.609 billion KRW in 2022, and operating profit rose from 179 million KRW in 2021 to 491 million KRW in 2022, further raising expectations for future corporate growth.

 

Reference : https://www.cbiz.kr/news/articleView.html?idxno=26274