SEOUL, South Korea, Oct 07 (Korea Bizwire) – LG, a leading global business group in Korea, is actively pushing forward its energy solutions business.
The group is taking significant strides in developing new business opportunities in the clean energy market by presenting a total solutions package consisting of energy generation, storage and delivery.
With an aim to lead the effort toward a more sustainable future, LG will showcase its latest energy solutions technologies at the 22nd World Energy Congress, taking place in South Korea from October 13 to 17.
Only the second time in the event’s 90-year history to be held in East Asia, WEC will take place in Daegu, Korea’s designated green-growth city, and will offer an estimated 5,000 international delegates the opportunity to view first-hand the country’s sustainable energy development initiatives.
LG plans to set up an exhibition booth where representatives from LG Electronics, LG Chem, LG Uplus and LG CNS will introduce WEC’s influential attendees to a complete range of the group’s sophisticated energy solutions technologies.
The LG booth will showcase three unique zones – the Smart Generation Zone, the Smart Consumption Zone and the Smart Control Tower Zone – all unified under the central concept of “Smart Energy: It’s All Possible with LG.” The exhibition will demonstrate LG’s commitment to developing state-of-the-art systems capable of generating, containing and delivering power whenever and wherever it is needed.
At the Smart Generation Zone, LG will highlight a variety of eco-friendly power generating solutions, ranging from solar modules, geothermal heating technologies and ultra-efficient fuel cells for energy storage and transmission systems.
The Smart Generation Zone will feature solutions from across LG’s business portfolio. LG Electronics will showcase MonoX NeON solar modules developed using the company’s proprietary semiconductor technology in order to minimize energy wastes. The electronics company’s Building Integrated Photovoltaic (BIPV) system will also feature, highlighting technology which can be incorporated into a building’s existing doors and windows, providing more comfort and a means to cut energy consumption costs.
The Zone will also play host to LG Electronics’s Gas Heat Pump (GHP) Super, which is a heating and cooling system known to be exceptionally efficient in reducing energy consumption, and is thus touted as a cost effective alternative to conventional electricity-driven designs. World-class chillers, turbo heat pumps, absorption refrigerators and an ecologically sound geothermal system air conditioner will also be on display.
Also at the Smart Generation Zone, LG Chem will introduce Energy Storage Systems (ESS) for residential and industrial applications. A global ESS provider, LG Chem will exhibit a comprehensive device in the field of Smart Grid that is capable of transmitting stored energy, generated by both photovoltaic and wind, to be used during peak hours thereby maximizing energy efficiency and self-consumption. The chemical company was recently selected by Southern California Edison (SCE) in winning the largest ESS contract in North America.
LG Uplus, Korea’s leading LTE mobile communications service provider, will unveil a wide range of energy distribution systems at the zone including the Power Conversion System (PCS) that offers stability in managing electricity stored in ESS, and acts as a device that connects solar energy generating systems to the power supply chain. The company also plans to showcase the Voltage Management System (VMS) that controls the voltage necessary for stable power supply.
Visitors to the Smart Consumption Zone will be able to see demonstrations of LG Electronics’ Building Management Solutions (BMS), which can cut energy consumption by more than 30 percent via the integrated control of heating, cooling and lighting. Designed specifically for shops and malls, the Green Smart Store Solution can also reduce power usage by approximately 30 percent. Also on display will be LG Electronics’ Smart LED lighting solutions, LED lamp posts and a new generation of electric car components including high density battery packs, drives, motors, inverters and rechargers.
Also at the Zone, LG Uplus will unveil its Advanced Metering Infrastructure (AMI) technology which measures electricity consumption in real time and transmits electricity for buildings and households for efficient management by both energy providers and consumers.
The Smart Control Tower Zone will feature LG’s outstanding technology which utilizes LG CNS’s Smart Green Solution to manage all facets of energy generation, storage and transmission with maximum efficiency.
In addition to displaying its solutions, Juno Cho, President & COO of LG Corp., will also participate in the World Energy Leaders’ Summit at WEC Daegu 2013, where major issues facing the energy industry will be discussed.
LG is a leading global business group with business activities focused in the three key areas of Electronics, Chemicals, Telecommunications & Services. As one of the largest conglomerate in Korea LG has a 66-year history since its establishment in 1947. It made a transition into a holding company system in 2003 to improve business transparency and develop its management system. Now LG has 62 subsidiaries such as LG Electronics, LG Chem, LG Uplus and LG CNS under a single holding company LG Corp. with workforce of 213,000 around the world. The consolidated revenue marked about KRW 145 trillion in 2012.
Source: LG press release (via Business Wire)