About

A Sustainable Future Through AIoT Technology

Encored envisions a future where industry transparency and accountability are achieved through digital solutions. From data collection to analysis and optimal energy transactions, Encored's digital solutions, leveraging AIoT technology, will help accelerate the achievement of climate action goals

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ENCORED's Mission

“Helping Energy Learn and Optimize from AI and Data.”

John Choe

CEO & Founder
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As a leading company in innovation, we develop essential core technologies and business models for the next wave of innovation.

  • 1. We invest in the extensive collection of data through our platform with patience and unwavering commitment.

  • 2. We contribute to creating a good order by adhering to principles of fairness, transparency, accuracy, scalability, and security.

  • 3. We enable machines to collect, analyze, and deliver data without human intervention.

ENCORED's Goals

Enhance the Value of Energy

Encored, founded in 2013 with investment from Silicon Valley, is a specialized energy IT company. We provide a range of AI-based optimization IT solutions in the energy sector, leveraging energy data management technology that combines big data collected through IoT and AI analysis. By integrating key technologies such as IoT, AI, and Cloud, our goal is to minimize data collection costs and optimize transactions to enhance the value of energy.

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    Data

    Connectivity

    Reduce On-site Data Collection and Management Costs

    Internet of Things, Real-time Low-cost Platform Second-level Data and Highly Scalable Platform
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    AI = RL+DL

    Forecasting, Optimization, Insight

    Increased Accuracy in Data Prediction/Analysis

    Deep Learning Reinforcement Learning
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    Value

    Value Creation

    Enhancing the Value of Energy

    Peak Reduction, Capacity Securing, Trading Revenue, Resource Integration, Virtual Trading, Demand Management, Microgrid

ENCORED's History

  • 2024-2018
  • 2017-2013

2024

  • Successfully Passed the Registration Test for the Largest Onshore Wind Power Forecasting System in Korea (98MW)
  • Achieved 2.08GW in Participating Capacity for Renewable Energy Forecasting System based on iDERMS VPP
  • Participated in the Jeju Pilot Project for Renewable Energy Bidding System based on iDERMS VPP with a Capacity of 184.52MW

2023

  • Development of High-Resolution Weather Forecasting Technology for Renewable Energy Generation Prediction

2022

  • Achieved 1.4GW in Participating Capacity for KPX Brokerage Transactions based on iDERMS VPP (50% Market Share)
  • Received the Minister of Trade, Industry and Energy Award for Contributions to the Advancement of the Smart Grid Industry
  • Achieved 3GW in Connected Capacity of Renewable Energy Resources on the iDERMS Platform
  • Launch of IoT Metering Modem for KPX

2021

  • Launch of EV Charging Station DR Service
  • Selected as the Only Smart Energy Company in the KOREA AI STARTUP 100 by The Korea Economic Daily
  • Launch of iDERMS VPP AI Brokerage Trading Platform
  • The first development in Korea of renewable data collection device for KPX

2020

  • Silver Award in Weather Information Utilization at the Weather Industry Awards (KMA)
  • Ranked 14th in Korea's Top 25 AI Startups by Hankyung Business, the Only Energy Startup on the List

2019

  • Named a Top 10 Utility Technology Solution Provider in the U.S. by CIO Applications
  • Certification of Technologically Innovative Small and Medium-Sized Enterprise (Inno-Biz) by the Ministry of SMEs and Startups

2018

  • Launched iDERMS PPC AI based DER Management & Control System
  • Development of National DR Operation Program
  • Registered as a Smart Grid Operator

Enhance the value of energy with ENCORED

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