en.Wedoany.com Reported - Korea East-West Power Co., Ltd. (CEO Kwon Myung-ho) will expand its business and promote power system stabilization through bidirectional electric vehicle (EV) charging technology.

On the 25th, East-West Power announced that it signed a "Business Agreement for Cooperation in Bidirectional EV Charger Operation" with Zenith Korea and Monit in Jeonju, North Jeolla Province. East-West Power will collaborate with the two companies to establish a foundation for bidirectional charger operation, advancing power system stabilization and discovering new energy businesses.

Bidirectional EV chargers not only charge electric vehicles but also feature V2G (Vehicle to Grid) functionality, enabling the discharge of battery power to the grid while parked.

Under the agreement, the three organizations will promote the installation and operation of bidirectional chargers in EV parking lots, support new energy businesses using the charger operation system, maintain equipment and operation systems and develop new technologies, and provide joint technical support for government R&D projects related to bidirectional chargers.

East-West Power will be responsible for overall coordination of charger operations and will conduct promotional activities to expand EV adoption and charging infrastructure. Zenith Korea will handle the supply and maintenance of bidirectional chargers, while Monit will be responsible for developing the charger operation system and providing technical support for energy businesses.

Nam Seok-yeol, Vice President of East-West Power, stated that through corporate collaboration, the company has expanded the application base for bidirectional charging technology and identified new energy business models. He added that this will contribute to national policies such as power system stabilization and local economic revitalization, while continuously building a mutually beneficial growth ecosystem.

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