South Korean carmaker Hyundai motors is using dong Telecom ’s smart energy and Internet of Things ( IoT ) systems in a bid to save $ 2 m per year in energy costs at its Ulsan plant , which makes 6,000 vehicles per day . Sensors will reduce energy consumption at the five million sq m plant , and SK has also built a liquefied natural gas combined heat and power plant to produce 11 million kWh per year and replace the factory ’s existing diesel plant . Hyundai says it will also save $ 5 m per year updating equipment as part of the modernization deal .
South Korean carmaker Hyundai Motors is using SK Telecom’s smart energy and Internet of Things (IoT) systems in a bid to save $2m per year in energy costs at its Ulsan factory, which makes 6,000 vehicles per day. Sensors will monitor energy consumption at the five million sq m factory, and SK has also built a liquefied natural gas combined heat and power plant to produce 11 million kWh per year and replace the factory’s existing diesel plant. Hyundai says it will also save $5m per year updating equipment as part of the SK deal.